According to the Global Competitiveness Index 2017-2018, Viet Nam ranks 55th out of 137 countries, behind Singapore (3rd), Malaysia (23rd), China (27th), and Indonesia (36th), and just above the Philippines (56th).
Despite Viet Nams rise in the global competitiveness index, further reforms are needed to achieve economic targets set by the Government, speakers said at a meeting held on Thursday in HCM City.
Viet Nam jumped 12 steps forward to 56th place in the World
Economic Forum''s (WEF''s) Global Competitive Index (GCI) 2015-2016
Rankings, WEF''s recently released Global Competitiveness Report noted.