PH ranks 78th in best countries to start online business
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Despite the claim of the government that various efforts such as the passage of the law on Ease of Doing Business have reduced the processing time and curbed corrupt bureaucratic practices in the country, the Philippines is still way behind other countries when putting up an online venture.
This is according to a new study, which showed that the country was at the 78
th spot in the list of best countries to start an online business.
The report, conducted by the website bestaccountingsoftware.com, found that the majority of countries most suited to starting an online business are located in Europe.
1. GDP growth amidst severe global economic downturn
Given the severe global economic downturn caused by COVID-19 in the year, Vietnam is among very few countries to post GDP growth, estimated at 2.5-3 percent. This is attributable to the flexible management of the Government and the determination of the entire political system to complete the dual goals of containing the pandemic and maintaining economic growth. The result creates a crucial foundation for the country to fulfil socio-economic targets during the 2021-2025 period.
2. Vietnam – founding member of the world’s largest free trade agreement area
The RCEP agreement was officially signed on November 15, within the framework of the 37th ASEAN Summit organised by Vietnam as ASEAN Chair 2020. The pact is expected to create the world’s first-ever largest free trade agreement area with combined GDP of 26.2 trillion USD or around 30 percent of the global GDP and nearly 28 percent of the global trade. Apart from RCEP,
The confidence of European business leaders in Vietnam is returning thanks to the government’s response to COVID-19 during 2020, with the focus on embracing the opportunities in a new normal. Nicolas Audier, chairman of the European Chamber of Commerce in Vietnam, delves into the performance of members and possible scenarios towards 2021.
Top 10 economic events of Viet Nam in 2020 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
31/12/2020 17:36 GMT+7
Vietnam being among the few countries to post GDP growth and the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement in 2020 are among the top 10 domestic economic events in the year.
The following are the 10 outstanding events as selected by VNA.
The PetroVietnam Power Corporation (PV Power) under the Vietnam Oil and Gas Group (PVN) has produced and contributed more than 200 billion kWh to the national power system.
1. GDP growth amidst a severe global economic downturn