Vietnam has an average ease of doing business ranking of 70 (2019). This rank has increased dramatically from 99 in 2013. Vietnam’s increasing ranking is mainly attributed to getting credit and paying taxes. The main issue dragging the rank down is its corruption but as aforementioned, the state is actively working on fixing it. However, as given in the graph below that is proportional to GDP, Vietnam’s ranking is still comparable to its regional peers that have a higher GDP than it.
Singapore ranked 2nd out of 129 countries that were included in the Intellectual Property Rights Index.
In order to gain foreign investments, the government of Singapore set out to ensure that the nation would form a safe place for residents and immigrants. The low crime rate on account of high education rates, and high income owing due to ease doing business has made Singapore one of the safest regions in the world. Furthermore, the establishment of the Corrupt Practices Investigation Bureau in 1952 along with high payments to government employees aided in combating corruption, thereby resulting in Singapore to be ranked 4th out of 180 nations in its perceived transparency ranking.
Despite Singapore’s low crime rates, Singapore has witnessed its 9-year high crime rate in 2019. This increase is mostly due to scams and cybercrimes, which are being actively looked into. The development of malware analysis tools by the Ministry of Home Affairs and high penalties for cybercrime has been put in place to maintain the nation’s low crime rate.
