WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
MoT to remove 67% business conditions
Nguyen Tung 09:08, 2018/04/19
The Transport Minister Nguyen Van The has signed Decision No.767 to remove and simplify 384 out of 570, or 67.36% business conditions under the Ministry of Transport (MoT)`s administration.
Under the decision, the airline industry is top of the list for business conditions removal, with up to 74.36%, followed by railways with 73.08%.
 
Illustration photo.
Illustration photo.
Road transport is ranked in third place with the number of business conditions for removal and simplification of 68.5%, waterways of 67.34%, sea transport of 65.08%, motor vehicle inspection and registration of 61.43%; multi-modal transport services and dangerous goods shipment (61.74%).

The Transport Minister's decision also stated related agencies subject to removing and simplifying business conditions to modify the regulations to submit to the government for approval before October 30. 

"The process of modifying laws and regulations should take into account enterprises' suggestions; so that the removal and simplification do not incur additional business conditions, causing difficulties for enterprises," The urged in the Decision. 

The Decision requested the Legal Department to monitor and supervise the implementation of this Decision, and timely report to the Minister of difficulties arising during the process.

At present, the MoT has 28 conditional business lines stipulated in five laws, (Civil Aviation Law, Law on Rad Traffic, Vietnam Maritime Code, Law on Inland Waterway Navigation, and Law on Railway Transport), which are regulated in details at 20 government decrees in form of 570 business conditions. 

Following the Resolution No.01 of the government on implementing the economic-socio development in 2018, in which ministries are tasked with removing and simplifying 50% of their respective business conditions, the MoT had instructed related agencies to review and remove obsolete business conditions. 

The effort is in line with removing conditions incompatible with regulations at Article 7 of the Investment Law, causing difficulties for enterprises during the process of market entry, such as conditions on scale and the requirement for capital, or conditions interfering to enterprises' internal operations.  

The Ministry of Finance previously has removed 50% out of 370 business conditions under the ministry's administration. For the time being, the ministry will continue reviewing and evaluating business and investment conditions under 21 fields and sectors subject to the MoF's administration. 

Last September, the Ministry of Industry & Trade announced a similar move in removing 675 business conditions under its state management responsibility. After reduction, the remaining business conditions are 541, instead of 752. This is the first time in history of the industry & trade sector, that there are such a high number of business conditions to be removed. 
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.