(13th Congress) - Vietnam’s economy entered the moderately free category for the first time, increasing 2.9 points and 15 steps higher than 2020, according to the 2021 Index of Economic Freedom released by the Heritage Foundation.
Photo for illustration. (Source: Zing.vn)
Vietnam’s economic freedom score is now 61.7, making its economy the 90th freest in the 2021 Index of Economic Freedom.
Vietnam is ranked 17th among the 40 countries in the Asia–Pacific region, and its overall score is above the regional and world averages.
The country’s economy broke into the moderately free category this year for the first time. Its ranking could increase further if the government took additional action to liberalise investment rules and the financial sector, according to the Foundation.
Three of the top 10 finishers — Singapore (1st), Ireland (5th), and China's Taiwan (6th) — recorded score increases this year.
Launched in 1995, the Index evaluates countries in four broad policy areas that affect economic freedom: rule of law; government size; regulatory efficiency; and open markets./.
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