The country recording 80.32 points out of 100, according to the WB’s Business Ready 2025 report.

Vietnam recorded 80.32 points out of 100 in financial services,
ranking fifth among 30 economies in Asia and 15th globally, according to the
World Bank’s Business Ready 2025 report released recently.

The Financial Services topic measures four areas—Commercial
Lending; Secured Transactions; e—Payments; and Credit Information—across three
different dimensions, referred to as pillars.

The first pillar assesses the effectiveness of regulation
pertaining to commercial lending, secured transactions, and e—payments,
covering de jure features of regulatory frameworks. In this pillar, Vietnam
increased by 34 points this year to reach 75.4 points out of 100, ranking 49th
out of 101 globally.

The second pillar measures the accessibility of information
in credit infrastructure by evaluating the operation of credit bureaus and
registries and the operation of collateral registries. Thus, the second pillar
assesses de facto and some de jure aspects of financial services. In this
pillar, Vietnam gained 85.33 points, up 46.17 points compared to last year,
ranking 16th globalling.

The third pillar measures the operational efficiency of
obtaining a loan; registering a security interest as well as the timeliness of
credit information sharing; and e—payments usage and their efficiency. In this
pillar, Vietnam achieved 80.23 points, ranking 18th globally.

The B-Ready assessment, which replaces the previous Doing
Business report, evaluates economies across three pillars: regulatory
framework, public services and operational efficiency. These pillars encompass
10 topics covering the complete business life cycle from establishment through
operation to closure or reorganisation.

VnEconomy-Kỳ Phong