Vietnam ranks 63rd out of 113 economies in the new Global Index of Digital Entrepreneurship Systems |  Company

Vietnam ranks 63rd out of 113 economies in the new Global Index of Digital Entrepreneurship Systems | Company

Illustration. (Photo: diendandoanhnghiep.vn)

Hanoi (VNA) – Vietnam ranks 63rd out of 113 global economies in a global ranking of digital environments and entrepreneurial support systems, a new index developed by the
Asian Development Bank (ADB).Released earlier this week as part of the Asian Development Outlook (ADO) 2022, the Global Index of Digital Entrepreneurship Systems(GIDES) puts Singapore in first place, followed by the United States and Sweden.

“Digital entrepreneurship has helped economies stay afloat during the COVID-19 pandemic, and it could become a key driver of growth and innovation in the post-pandemic world,” said ADB Chief Economist Albert Park.

“For this to happen, there must be a supportive environment enabled by conducive policies and incentives. While the digital entrepreneur environment in Asia has made significant progress in recent years, there is still a lot of room for improvement.”

The index measures the quality of the environment for digital entrepreneurs by looking at the level of digitization in eight areas, namely culture, institutions, market conditions, infrastructure, human capital, knowledge, finance and networks.

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