Vietnam ranks 27th in "dynamism" study
A study by Grant Thornton has placed Vietnam 27th among 60 countries in terms of "dynamism".
The Global Dynamism Index, based on five drivers of an economy’s dynamism, gave the country a score of 54%. This compares with 66.5% for Australia, 62.7% for China, 59.5% for Malaysia and the Republic of Korea, 56.4% for Thailand and 51.2% for Indonesia.
The ratings go well beyond basic GDP data, Grant Thornton CEO Ed Nusbaum said.
Five areas were identified as holding the key drivers to an economy’s dynamism: business operating environment, science and technology, labor and human capital, economics and growth, and the financing environment. Within these groups, there were 22 key data points that were analysed, he explained.
Vietnam ranked seventh globally in the economics and growth potential category.
What affected its several scores were the business operating environment (down 5 places to 47th) and science and technology (down 3 places to 44th).