Vietnam out of top business rankings

From Southeast Asia, Singapore ranks 8^th, Malaysia, 28^th and Thailand, 43^rd.

Last year, Vietnam stood at 46^th position.

According to Bloomberg, this year’s rankings included 161 economies from all over the world.

Countries are rated from 0 to 100 percent on six factors including degree of economic integration (10 percent), cost of setting up a business (20 percent), cost of labour and materials (20 percent), cost of moving goods (20 percent), less tangible costs (20 percent) and readiness of the local consumer base (10 percent).

This year, Hong Kong again took top honours, followed by the US and Japan.