With efforts to boost economic reforms and grab opportunities afforded by Industry 4.0 continuing apace, Vietnam is rising ever higher in the World Economic Forum’s rankings.
The World Economic Forum (WEF) last week issued its Global Competitiveness Index (GCI) 4.0, showing that Vietnam’s economic competitiveness has once again improved over the year.
Specifically, Vietnam is ranked 77th out of 140 economies, with a score of 58.1. 100 is the highest score.
The GCI 4.0 is a new composite indicator that assesses the microeconomic and macroeconomic foundations of national competitiveness through a set of institutions, policies, and factors that determine the level of productivity of a country.
Under the GCI 4.0, Vietnam has improved many of its indexes, scoring higher in ICT adoption (43.3 points), macroeconomic stability (75 points), health (81 points), labour market (55.6 points), and market size (70.9 points).
In the WEF’s 2017 edition of the GCI, the country ranked 74th out of 135 economies, with a score of 57.9.