Opening the capital market would help Vietnam prioritize reforms towards economic freedom and foster long-term growth. This could attract substantial foreign funds to flow into and stay in Vietnam, said Dinh Tuan Minh from the Center for Research of Market Solutions for Socio-economic Issues (MASSEI) in an interview with The Saigon Times. Many areas remain overlooked in terms of reform The Saigon Times: Last October, the Fraser Institute (Canada) published Economic Freedom of the World: 2024 Annual Report. This marks the third consecutive year Vietnam has improved in both points and rankings, and for the first time, it is among the top 100 countries and territories. Specifically, its score rose from 6.17 in 2019 to 6.23 in 2022, with its ranking climbing from 141st to 99th out of 165 countries. What does this rise in Vietnam’s economic freedom from 2019-2022 signify? Dinh Tuan Minh: Vietnam’s performance should be viewed in the broader global context. During this period, most countries took a severe hit from the Covid-19 pandemic, which brought unpredictable challenges. Each nation adopted its own measures to cope with the crisis. The Economic Freedom index indicates that to combat the pandemic, most countries imposed restrictions on the economic freedom […]
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