Vietnam among top 25 global performers in credit access: WB
Vietnam has made considerable progress in terms of providing access to credit to become one of the top 25 global performers, according to the newly-released Doing Business Report 2020 produced by the World Bank.
Hanoi (VNA) – Vietnam has made considerableprogress in terms of providing access to credit to become one of the top 25 globalperformers, according to the newly-released Doing Business Report 2020 producedby the World Bank.
Under the annual report, Vietnam ranks 25 out of 190economies, up seven positions over 2019, ranking second in Asia after Brunei.
The credit access index takes into account legal interestand credit information. Vietnam scoredeight points for credit information,pushing the credit access score to 80 points in a 100-point framework, a riseof 5 points over 2019.
The WB recognised the NationalCredit Information Centre of Vietnam (CIC)’s efforts in integratinginformation from retailers in its report, helping credit institutions get moreinformation to evaluate customers.
The report also noted thatVietnam has continued improving its public credit information to 59.4 percentof the adult population, up 4.6 percent over 2019.
According to the State Bankof Vietnam, the credit access index is a bright spot in the efforts toimplement the Government’s Resolutions 01 and 02 on improving the businessenvironment and enhancing national competitiveness.
The result shows thedetermination of the bank in directing credit institutions to create favourableconditions for people and businesses to access credit in a fair and transparentmanner. It also manifest CIC’s endeavours to diversify alternative dataresources, meeting the information demands of credit institutes./.
Incentives are needed to encourage small- and medium–sized enterprises (SMEs) to join green growth projects, said Hoang Thi Hong, Director of the SMEDF under the Ministry of Planning and Investment.
More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises.
The banking sector has defined its responsibility in deploying measures to enable people to get access to official credit for business and production activities.
The State Bank of Vietnam (SBV) and credit institutions are set to augment efforts in the coming time so as to promote people and businesses’ access to credit.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
