Social Affairs
Finance Ministry requested to removing bottlenecks for businesses
At the working session with the Ministry of Finance on administrative reforms in Hanoi on August 3, Deputy Prime Minister Truong Hoa Binh asked the ministry to apply synchronous solutions to removing bottlenecks for people and businesses.
Speaking at the meeting with the Ministry of Finance in Hanoi on August 3, Deputy Prime Minister (PM) Truong Hoa Binh, who is also Chairman of the Government’s steering committee for administrative reform, said the ministry should take people and businesses’ satisfaction as the meter of its administrative reforms’ effectiveness.
Deputy PM Binh applauded the ministry’s reform outcomes while pointing out shortcomings such as the vagueness of some legal documents which cause their interpretation and application to vary among authotised agencies and businesses.
While the handling of some administrative procedures is still irksome, many customs and taxation officers’ sense of responsibility remains low, he said.
The Deputy PM requested the ministry to apply synchronous solutions to removing bottlenecks for people and businesses, reforming taxation and customs procedures, and reducing the procedure handling duration.
It is necessary to apply information technology in its subordinate bodies, promote information transparency and updates, raise its employees’ sense of responsibility, and abolish overlapping procedures, he noted.
During the working session, the ministry announced that its coordination with relevant sides has reached positive reform outcomes.
Currently, it takes businesses 117 hours a year to pay taxes instead of 537 hours in the past. The customs clearance duration has been decreased from 21 days to 14 days for exports and 13 days for imports.
The ministry has invalidated 63 procedures and streamlined 50 others on domestic taxation. Up to 128 customs procedures have been replaced. It has also terminated 84 procedures and suggested simplification measures for 11 others related to customs.
Particularly, the ministry has applied e-customs systems at all of the local customs sub-departments.
Earlier, Deputy PM Binh also examined administrative reforms at the General Department of Taxation, requiring it to review tax-related policies and regulations for fine-turning if neccessary.
According to the general department, the tax payment duration’s decline to 117 hours a year has surpassed the target set in the Government’s Resolution 19 and is comparable to the average of ASEAN countries like Singapore, Malaysia, Thailand and the Philippines. The reduction of 420 hours in tax payment time can help businesses save more than 7 trillion VND (313.8 million USD) per year, the department noted.
Deputy PM Binh applauded the ministry’s reform outcomes while pointing out shortcomings such as the vagueness of some legal documents which cause their interpretation and application to vary among authotised agencies and businesses.
While the handling of some administrative procedures is still irksome, many customs and taxation officers’ sense of responsibility remains low, he said.
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It is necessary to apply information technology in its subordinate bodies, promote information transparency and updates, raise its employees’ sense of responsibility, and abolish overlapping procedures, he noted.
During the working session, the ministry announced that its coordination with relevant sides has reached positive reform outcomes.
Currently, it takes businesses 117 hours a year to pay taxes instead of 537 hours in the past. The customs clearance duration has been decreased from 21 days to 14 days for exports and 13 days for imports.
The ministry has invalidated 63 procedures and streamlined 50 others on domestic taxation. Up to 128 customs procedures have been replaced. It has also terminated 84 procedures and suggested simplification measures for 11 others related to customs.
Particularly, the ministry has applied e-customs systems at all of the local customs sub-departments.
Earlier, Deputy PM Binh also examined administrative reforms at the General Department of Taxation, requiring it to review tax-related policies and regulations for fine-turning if neccessary.
According to the general department, the tax payment duration’s decline to 117 hours a year has surpassed the target set in the Government’s Resolution 19 and is comparable to the average of ASEAN countries like Singapore, Malaysia, Thailand and the Philippines. The reduction of 420 hours in tax payment time can help businesses save more than 7 trillion VND (313.8 million USD) per year, the department noted.
