New Zealand, the top spot in the World Bank’s annual ease of doing business ranking for the third year in a row, is discussing with Myanmar in order to provide technical assistance to help increase ease of doing business ranking and develop the implementation of e-Government, said a source from the Ministry of Commerce.

Deputy Minister Aung Htoo of the Ministry of Commerce discussed with Mr. Stephen Marshall, New Zealand ambassador to Myanmar.

Both sides focused on promotion of capacity building of the staffers and the plans to be provided to give short-term and long-term training programs to them.

Myanmar managed to carry out changes in five fields. Myanmar escaped from the 20th ease of doing business ranking. There are many fields left to develop its scores, according to “Doing Business 2020 and Way Forward” at Sule Shangrila Hotel on November 1.

Myanmar took the position of 165 in the World Bank’s annual ease of doing business on October 24.

The top 10 best places in the world to do business, according to the study, are New Zealand (with a score of 86.8 out of 100), Singapore (86.2), Hong Kong SAR, China (85.3), Denmark (85.3), the Republic of Korea (84), the United States (84), Georgia (83.7), the United Kingdom (83.5), Norway (82.6), and Sweden (82).

ASEAN economies are Singapore (2nd), Malaysia (12th), Thailand (21st), Brunei (66th), Vietnam (70th), Philippines (95th), Cambodia (144th), Lao (154th) and Myanmar (165th).

Myanmar stood at 182nd place in the World Bank’s annual ease of doing business in 2014, 177th place in 2015, 167th place in 2016, 170th place in 2017, 171st place in 2018 and 2019 and 165th in 2020.  

Translated and Edited by Win Htut