Vietnam Ranks 45th in 2009 WEF Financial Development Index
Vietnam has jumped four grades to stand at 45th in the 2009 Financial Development Index issued by the World Economic Forum (WEF) with 3.00 points.
Among the Southeast Asian countries, Vietnam was behind Singapore (4th), Malaysia (22nd), and Thailand (35th) in the index.
Vietnam’s economy is on recovery course, recording growth of 4.56% in the first nine months.
The WEF Financial Development Index ranks 55 of the world’s leading financial systems and capital markets.
It analyzes the drivers of financial system development and economic growth in developed and developing countries to serve as a tool for countries to benchmark themselves and establish priorities for reform.
The rankings are based on over 120 variables spanning institutional and business environments, financial stability, and size and depth of capital markets, among other factors. (Vietnam Economic Times)
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