 The progress was mainly the result of After jumping to almost 20 percent, inflation was back to single-digit levels in 2012, which also emboldened the country's position. The quality of the country’s transport and energy infrastructure systems improved also, jumping 13 places to 82nd. Despite these encouraging developments, the foundation of It lost ground in several areas of the Index, including labor market efficiency - down five spots to 56th - and financial market development at 93rd, also down five slots. Another area of concern is technological readiness, where the country slipped four places to 102nd. Although new technologies spread amongst the population, Vietnamese businesses were particularly slow to adopt those technologies, thus forfeiting potentially significant gains in productivity, the report says. The Forum, which hosts the annual gathering of global business and political leaders at the Swiss ski resort of Davos every winter, ranks a country’s competitiveness according to factors such as the quality of its infrastructure and its ability to foster innovation, AP reported. European countries dominated the top 10: The most competitive economy, the Forum said, was The Thanh Nien News |
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