Vietnam steps up in global competitiveness

02:57 PM @ Thursday - 09 September, 2010
Vietnam ranks 59th in the Global Competitiveness Report 2010-2011 ofthe World Economic Forum (WEF), up 16 steps over last year’s report.

Inthe report, which was announced on Sept. 9, Switzerland stands at thetop of the ranks, followed by Sweden , Singapore and the US .

InAsia, Singapore was evaluated as the economy with the mostcompetitiveness as it maintained third place in the rankings. Japanranked sixth in the freshly-announced ranking.

The rankings arebased on the Global Competitiveness Index (GCI), a survey of executives'perceptions and hard data on a country's so-called 12 "pillars":institutions, infrastructure, macroeconomic environment, health andprimary education, higher education and training, goods marketefficiency, labour market efficiency, financial market development,technological readiness, market size, business sophistication, andinnovation./.

(Source: http://en.vietnamplus.vn)


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