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Economy

Rank Doing Business Probably Increase?

Indonesia has to much improve doing business in East Asia this year. Because Indonesia still in 155 levels compare to Vietnam in 100 position in rank doing business in the world. As new emerging market in Asia, to get high position will help to growth economic domestic in the future.
Ease of Doing Business in Asia Pasific Region
Indonesia has a big room for improvement in doing business in East Asia this year. Indonesia is still in rank 155, compared to Vietnam which is in rank 100 for doing business in the world. As a new emerging market in Asia, getting a higher rank would help to grow the domestic economy in the future.

Based on Doing Business 2011, the position doing business in Indonesia below 100 position. This is mean doing business in Indonesia quit hard compare to Vietnam, one country in South East Asia region. Some indicator that government has to improve is make ease dealing with construction permit, registering property, getting credit, and protecting investors.

Based on Doing Business 2011, Indonesia ranks below the 100 line. This means that doing business in Indonesia is quite hard as compared to Vietnam of South East Asia region. Some indicators that government needs to improve are easing the dealing of construction permits, registering property, getting credit and protecting investors.

Investor needs four days and pay IDR200.000 to complete form company name in Ministry of Law and Rights. Notarize company document has spent four days to completed and pay IDR2,5 million and registered company in Ministry of Trade needs 15 days and pays IDR500.000.

Investors need four days and it will cost them IDR200.000 to complete the form on their company details with the Ministry of Law and Rights. To notarize the company document, four days is needed in its completion with cost of IDR2,5 million. Registration of company with the Ministry of Trade takes 15 days with cost of IDR500.000.

In Vietnam, the investor needs 14 days to check proposed company name. Make a company seal is about six days and registration the sea sample spend four days at The Department of Police. Registration for trade union about seven days. Total time has to complete a business in Vietnam 53 days or less than in Indonesia is about 59 days.

In Vietnam, the investor needs 14 days to check the proposed company name. Making the company seal takes 6 days and registration of sea sample will take 4 days at the Department of Police. Registration for trade union takes about 7 days. Total time to complete a business registration in vietnam takes 53 days, 6 days faster compared to Indonesia which takes 59 days.

The Rank doing business in Vietnam getting better this year than 2010. Vietnam in 114 level last year, but they can jump 14 level to 100 position in 2011. Indonesia also can jump to 154 position or get jump four level compare last year in 159 position.

The rank of doing business in Vietnam has improved this year compared to 2010. Vietnam was at 114 last year, jumping to rank 100 in 2011. Indonesia should be able to improve to 154 at least, seeing how it had improved 4 ranks from last year.

Probably Indonesia can fix up some indicator doing business to get higher rank such as, to make short time register in Ministry on Manpower and Ministry of Trade.

Indonesia can probably fix some indicators in doing business to get a higher rank through efforts of shortening registration time in Ministry on Manpower and Ministry of Trade.

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