Vietnam climbs two notches in global competitiveness index
(VOV) - The World Economic Forum (WEF) released its Global competitiveness Report 2014-2015 on September 3 citing Vietnam as having improved by two notches, to 68thfrom last year’s 70th, in its global competitiveness ranking.
According to the WEF report, Vietnam ranks sixth in the South East Asian region, trailing after Singapore, Malaysia, Thailand, Indonesia and the Philippines.
This year, Switzerland continues as the world’s most competitive economy, followed by Singapore, the US, Netherlands and Germany.
Newly-emerging nations including Saudi Arabia, Turkey, South Africa, Brazil and India are down in their rankings this year while China has moved up one notch to 28th position.
The annual Global Competitiveness Report measures the competitiveness landscape of 144 economies based on over 100 factors grouped into 12 pillars, providing insight into the drivers of their productivity and prosperity.