The World Bank’s Doing Business 2020 Project is a survey report which aims to provide objective measures of business regulations and their enforcement across 190 economies, including Vietnam. The study has become one of the flagship knowledge products of the World Bank Group in the field of private sector development, and has motivated the design of several regulatory reforms in developing countries.

Kent Wong, a partner and head of banking and finance at VCI Legal, was invited to provide expert opinions for the Doing Business 2020 Project surveys regarding two indicators of the 11 indicators published by the Doing Business report, in particular:

  • Starting a Business, which measures the number of procedures, time, cost and paid-in minimum capital requirements for SMEs to start up and formally operate and;
  • Protecting Minority Investors, which measures legal protections afforded to domestic shareholders in local companies.

These surveys are expected to help minimize legal risks as well as assist the World Bank Group to assess the state of Vietnam’s regulatory frameworks regarding domestic SMEs when they wish to start and operate a business in Vietnam. By participating in this research project, VCI Legal has supported and contributed to the development of Vietnam’s legal system in relation to the Doing Business 2020 Project.