Vietnam: Regulatory quality
* indicates monthly or quarterly data series
| Vietnam |
Regulatory quality index (-2.5 weak; 2.5 strong) |
|---|---|
| Latest value | -0.43 |
| Year | 2022 |
| Measure | points |
| Data availability | 1996 - 2022 |
| Average | -0.55 |
| Min - Max | -0.77 - -0.24 |
| Source | The World Bank |
The latest value from 2022 is -0.43 points, a decline from -0.4 points in 2021. In comparison, the world average is -0.04 points, based on data from 193 countries. Historically, the average for Vietnam from 1996 to 2022 is -0.55 points. The minimum value, -0.77 points, was reached in 2002 while the maximum of -0.24 points was recorded in 2020.
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Definition: The index of Regulatory Quality captures perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Rule of law | -0.16 | 2022 | points |
| Government effectiveness | 0.18 | 2022 | points |
| Control of corruption | -0.29 | 2022 | points |
| Regulatory quality | -0.43 | 2022 | points |
| Voice and accountability | -1.29 | 2022 | points |
| Political stability | -0.03 | 2022 | points |
| Corruption perceptions - Transparency International | 41 | 2023 | points |
| Political rights | 7 | 2024 | points |
| Civil liberties | 6 | 2024 | points |
| Competitiveness | 61.50 | 2019 | points |
| Cost of starting a business | 5.60 | 2019 | percent of per capita GNI |
| Shadow economy | 14.78 | 2015 | percent |
| Informal economy, MIMIC method | 14.40 | 2020 | percent |
| Informal economy, DGE method | 10.60 | 2020 | percent |