Vietnam rises 32 places in the electricity access index.

The 2017 Electricity Access Index, as reported by Doing Business, showed a 32-place increase compared to 2016, surpassing countries like China and Canada.

According to the World Bank's 2017 Competitiveness Index report, Vietnam's electricity access index in 2017 reached 78.69/100 points, an increase of 32 places compared to the 2016 ranking, placing it at position 64 out of 190 countries and economies. This is the highest improvement in ranking since 2013.

This index is also one of the five indicators assessed by Doing Business that have shown positive changes, helping to improve Vietnam's overall business environment ranking by 14 places compared to 2016. This index is assessed based on criteria such as reliability of electricity supply and transparency of electricity prices (6/8 points); and the time taken to complete procedures has been shortened to 46 days...

Vietnam's electricity access index has risen 32 places, according to the World Bank's assessment.

Surveys conducted by the Vietnam Chamber of Commerce and Industry (VCCI) in recent years show that the application of electronic invoices, online payments, and online information retrieval are noteworthy developments. Changes in the electricity access index are no longer solely related to the industry and trade sector, but also to the country's overall business environment. Clearly, the achievements made over the past period have been highly appreciated by investors, businesses, and consumers.

"Recently, the electricity sector has focused on strong administrative procedure reforms and paid more attention to the needs of electricity customers. Customer satisfaction assessment programs and programs to improve service quality and customer care have also received positive feedback from businesses," commented Mr. Dau Anh Tuan, Head of the Legal Department of the Vietnam Chamber of Commerce and Industry.

According to VNE