Vietnam’s improves global licence procedure rank

Out of the World Bank’s 11 indices evaluating Vietnam’s business environment, construction industry licensing procedures were one of only two to show improvement.

(VOV) – Vietnam’s construction industry licencing procedures ranked 28th out of 185 countries examined by the World Bank in 2013, a leap of 39 places above the previous year.

The Ministry of Construction noted the number of unlicensed constructions fell by 9 percent in 2013.

It added localities are pressing officials for approval of new, more effective construction licence granting regulations.