Vietnam: Business freedom

* indicates monthly or quarterly data series
 Vietnam

Business freedom index (0-100)

 Latest value 73
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 54
 Min - Max 40 - 74
 Source The Heritage Foundation
For that indicator, we provide data for Vietnam from 1995 to 2023. The average value for Vietnam during that period was 54 points with a minimum of 40 points in 1995 and a maximum of 74 points in 2022. The latest value from 2023 is 73 points. For comparison, the world average in 2023 based on 179 countries is 60 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Vietnam - Business freedom - recent values

Historical chart
Vietnam - Business freedom - historical chart - 1995-2023




The Business Freedom index for Vietnam from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Vietnam in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).


 Related indicators Latest value Reference Measure
 Property rights 49 2023 points
 Freedom from corruption 36 2023 points
 Fiscal freedom 89 2023 points
 Business freedom 73 2023 points
 Labor freedom 54 2023 points
 Monetary freedom 70.50 2023 points
 Trade freedom 79 2023 points
 Investment freedom 40 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 62 2023 index points
This site uses cookies.
Learn more here


OK