Starting a business: Time - Men in Vietnam
Vietnam: Starting a business: Time - Men was 16 days in 2019. ▼ Falling
Starting a business: Time - Men in Vietnam, 2003–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - men in Vietnam stood at 16 days. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 5.9% on the previous year and down 56.8% over ten years.
Over the whole period, starting a business: time - men in Vietnam peaked at 61 days in 2003 and was at its lowest, 16 days, in 2019.
That places Vietnam 69th out of 188 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.71 days | 37 days | 61 days | 7 |
| 2010s | 27.1 days | 16 days | 36 days | 10 |
Countries ranked near Vietnam
More private sector data for Vietnam
- Merchandise trade 180.0% (2025)
- Food imports 8.8% (2023)
- Manufactures imports 74.7% (2023)
- Merchandise imports 453.78 billion current US$ (2025)
- Food exports 9.4% (2023)
- Manufactures exports 85.0% (2023)
- Merchandise exports 472.93 billion current US$ (2025)
- Commercial service exports 25.02 billion current US$ (2024)
- Commercial service imports 35.60 billion current US$ (2024)
- Merchandise imports from economies in the Arab World 2.6% (2023)
Frequently asked questions
- What is starting a business: time - men in Vietnam?
- Starting a business: time - men in Vietnam was 16 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Vietnam?
- The highest recorded value was 61 days in 2003.
- What is the lowest starting a business: time - men recorded in Vietnam?
- The lowest recorded value was 16 days in 2019.
- How does Vietnam rank for starting a business: time - men?
- Vietnam ranks 69th out of 188 countries with data for 2019.
- Is starting a business: time - men rising or falling in Vietnam?
- Over the last ten years it is down 56.8%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from the World Bank, published as part of Starting a business: Time - Men (days). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.