Vietnam PM asks ministries to report on progress of removing business conditions
Business condition removal is one of the key measures for economic growth and efficiency, requiring strong efforts from government leaders and ministers, stated Prime Minister Nguyen Xuan Phuc.
Ministries and ministry-level agencies are required to report to the PM on a quarterly basis on the remaining number of business conditions and goods subject to specialized control regulations as the government seeks to smooth the business environment, according to the PM's directive issued on July 13.
Illustration photo.
|
Following drastic measures from the government, there have been some positive results at first.
On January 15, the PM signed a decree to cut 675 investment and business conditions in the fields managed by the Ministry of Industry and Trade (MoIT) at the ministry's proposal. The cut, which was the highest-ever record in the ministry's history, accounts for 55.5% of the total current business conditions in the fields and sectors managed by MoIT.
Meanwhile, the Ministry of Health (MoH) in April proposed removing 1,151 or 68.51% out of 1,680 business conditions under the ministry's administration.
According to the PM, business condition removal is one of the key measures for economic growth and efficiency, requiring strong efforts from government leaders and ministers.
Phuc requested concerned ministries to submit proposals on reforming the specialized inspection process and simplifying business conditions before August 15.
Moreover, proposals on removing business conditions must be substantial, preventing the case of adding many business conditions into one mathematically, or just simply changing the name of the condition.
The PM strictly prohibited government agencies and ministries to create new business conditions or abuse specialized inspection.
The government has set target of removing 50% of total business conditions at all ministries and ministry-level agencies before October 31.
However, the process has been sluggish. As of present, just less than 6% of the number of goods have removed from specialized inspection category, according to Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry (VCCI).
Meanwhile, the average time for specialized examination is 76 hours per procedure, about three times higher than that of ASEAN - 4 (including Indonesia, Malaysia, the Philippines and Thailand), Loc said, suggesting a more radical review is needed.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years