Time to start new business reached 17.0 days in 2018 in Vietnam, according to the National Statistical Office. This is 22.7 % less than in the previous year.
Historically, time to start new business in Vietnam reached an all time high of 61.0 days in 2003 and an all time low of 17.0 days in 2018. When compared to Vietnam's main peers, time to start new business in Cambodia amounted to 99.0 days, 8.60 days in China, 174 days in Laos and 4.50 days in Thailand in 2018.
Vietnam has been ranked 60th within the group of 173 countries we follow in terms of time to start new business, 6 places behind the position seen 10 years ago.
The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business.