Vietnam - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Vietnam was 1.66 as of 2020. Its highest value over the past 9 years was 1.67 in 2019, while its lowest value was 0.81 in 2012.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2011 0.88
2012 0.81
2013 0.88
2014 0.88
2015 1.13
2016 1.33
2017 1.55
2018 1.61
2019 1.67
2020 1.66

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 29.60
2015 18.50

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 1.000
2015 0.200

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 49.50
2015 26.30

Time required to get electricity (days)

The value for Time required to get electricity (days) in Vietnam was 31.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 115.00 in 2014 and a minimum value of 31.00 in 2018.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 115.00
2010 115.00
2011 115.00
2012 115.00
2013 115.00
2014 115.00
2015 49.00
2016 46.00
2017 46.00
2018 31.00
2019 31.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2005 70.30

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 61.10
2015 42.70

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2015 15.70

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 26.20
2015 11.00

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 33.70
2015 25.00

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Vietnam was 24.30 as of 2019. Its highest value over the past 14 years was 24.80 in 2017, while its lowest value was 19.20 in 2005.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2005 19.20
2006 19.20
2007 19.20
2008 19.20
2009 19.20
2010 20.30
2011 22.60
2012 22.60
2013 23.70
2014 23.70
2015 24.80
2016 24.80
2017 24.80
2018 24.50
2019 24.30

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Vietnam was 0.100 as of 2019. Its highest value over the past 14 years was 0.300 in 2012, while its lowest value was 0.100 in 2016.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 0.200
2006 0.200
2007 0.200
2008 0.200
2009 0.300
2010 0.300
2011 0.200
2012 0.300
2013 0.200
2014 0.200
2015 0.200
2016 0.100
2017 0.100
2018 0.100
2019 0.100

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Vietnam was 13.20 as of 2019. Its highest value over the past 14 years was 20.60 in 2008, while its lowest value was 12.40 in 2010.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 20.60
2006 20.60
2007 20.60
2008 20.60
2009 20.50
2010 12.40
2011 17.20
2012 12.40
2013 17.00
2014 17.00
2015 14.40
2016 14.40
2017 13.10
2018 13.20
2019 13.20

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment