Vietnam to launch screening software to prevent surge in business conditions

Vietnam's Government Office plans to introduce a statistics software in May, with the aim of screening existing business conditions and preventing the emergence of new ones.

Illustrative photo.

The move was revealed in the government’s Resolution No.68 released on May 12 that details a program to remove and simplify business conditions in the 2020 -2025 period.

To support this process, the government expected to complete sharing and connecting data related to business conditions from various government agencies.

The software is expected to help the central government timely detect and prevent the introduction of unnecessary business conditions that could potentially hamper the operation of businesses and enterprises.

According to the resolution, the business community and citizens are at the center and considered driving forces for socio-economic development.

To facilitate a more favorable entry for people and enterprises that do business in Vietnam, the software targets to cut time and costs for citizens in realizing procedures-related to business activities.

The government has also realized that an immediate removal of obsolete and unnecessary business conditions is essential to ensure efficient state management and development of the business community.

During the 2020–2025 period, the government targets to cut and simplify at least 20% of existing business conditions as well as 20% of compliance costs from current legislation until May 31, 2020.

Ministries and ministerial-level agencies are requested to reduce as many as possible the number of legal documents setting new business conditions.

For this year, in addition to a statistics software, the government would continue to train public servants in calculating compliance costs and reviewing efficiency of regulations related to business activities.

Since the beginning of this government term in 2016, over 3,800 out of a total of 6,191 business conditions have been simplified or removed. In addition, 6,776 out of 9,926 categories of goods subject to specialized inspection have been abolished.

The move helps save 18 million working days per year, equivalent to over VND6.3 trillion (US$270.24 million) annually.