Time required to start business in Vietnam
Vietnam: Time required to start business was 16 in 2019. ▼ Falling
Latest (2019)
16
Change on year
down 5.9%
World rank
69th
of 188 countries
All-time high
61
in 2003
All-time low
16
in 2019
Years of data
17
2003–2019
Time required to start business in Vietnam, 2003–2019
Source: Our World in Data.
Analysis
Vietnam recorded 16 for time required to start business in 2019. That is the lowest value across all 17 years on record.
The figure is down 5.9% on the previous year and down 56.8% over ten years.
Over the whole period, time required to start business in Vietnam peaked at 61 in 2003 and was at its lowest, 16, in 2019.
That places Vietnam 69th out of 188 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Time required to start business in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 61 | — |
| 2004 | 47 | -23.0% |
| 2005 | 41 | -12.8% |
| 2006 | 46 | +12.2% |
| 2007 | 37 | -19.6% |
| 2008 | 37 | +0.0% |
| 2009 | 37 | +0.0% |
| 2010 | 36 | -2.7% |
| 2011 | 36 | +0.0% |
| 2012 | 32 | -11.1% |
| 2013 | 34 | +6.2% |
| 2014 | 34 | +0.0% |
| 2015 | 20 | -41.2% |
| 2016 | 24 | +20.0% |
| 2017 | 22 | -8.3% |
| 2018 | 17 | -22.7% |
| 2019 | 16 | -5.9% |
Vietnam compared with similar countries
- Vietnam's 16 is above the median for upper middle income countries, which is 12, 1.3× the median. (55 countries reporting)
- Vietnam's 16 is above the median for East Asia & Pacific, which is 12.8, 1.2× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.71 | 37 | 61 | 7 |
| 2010s | 27.1 | 16 | 36 | 10 |
Countries ranked near Vietnam
More reference data data for Vietnam
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 3.68 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.24 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 16.73 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 16.73 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 12.35 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 18.98 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 23.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 93.83 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 10.27 (2050)
Frequently asked questions
- What is time required to start business in Vietnam?
- Time required to start business in Vietnam was 16 in 2019, according to Our World in Data.
- What is the highest time required to start business recorded in Vietnam?
- The highest recorded value was 61 in 2003.
- What is the lowest time required to start business recorded in Vietnam?
- The lowest recorded value was 16 in 2019.
- How does Vietnam rank for time required to start business?
- Vietnam ranks 69th out of 188 countries with data for 2019.
- Is time required to start business rising or falling in Vietnam?
- Over the last ten years it is down 56.8%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from Our World in Data, published as part of Time required to start business. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).