Business
Vietnam's trade ministry to cut more red tape in 2019
By further removing business conditions, the Ministry of Industry and Trade (MoIT) would remove a total of over 72% of business conditions under its authority and 14% nationwide.
In 2019, Vietnam's MoIT would propose the removal and simplification of 202 business conditions under the ministry's administration, the government portal reported.
As of present, the MoIT has removed 675 out of the total 1,216 investment and business conditions, accounting for 55.5% of the total managed by the ministry.
Le Anh Son, head of the MoIT's Legal Department, said Minister of Industry and Trade Tran Tuan Anh has issued Decision No.3720 providing plan to remove and simplify business and investment conditions under the MoIT's administration in the 2019 - 2020 period.
Son added that the MoIT will continue to slash 202 business conditions or 36.1% of the remaining business conditions, focusing on food safety, sale and distribution of wine, beer and tobacco products.
This resulted in removing a total of over 72% business conditions under the MoIT's authority and 14% nationwide.
According to a report released by Prime Minister Nguyen Xuan Phuc's task force group, four ministries have cut a combined 900 business conditions out of the total 5,905, of which the MoIT claimed the top spot with 675 business conditions, or equivalent to 55.5% of the total under its administration.
In PM Nguyen Xuan Phuc's directive issued on July 13, 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.
The directive requires there should be a clear justification of changes in the number of business conditions and goods required for specialized inspection.
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 related 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 a target of removing 50% of total business conditions at all ministries and ministry-level agencies before October 31.
Illustrative photo.
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Le Anh Son, head of the MoIT's Legal Department, said Minister of Industry and Trade Tran Tuan Anh has issued Decision No.3720 providing plan to remove and simplify business and investment conditions under the MoIT's administration in the 2019 - 2020 period.
Son added that the MoIT will continue to slash 202 business conditions or 36.1% of the remaining business conditions, focusing on food safety, sale and distribution of wine, beer and tobacco products.
This resulted in removing a total of over 72% business conditions under the MoIT's authority and 14% nationwide.
According to a report released by Prime Minister Nguyen Xuan Phuc's task force group, four ministries have cut a combined 900 business conditions out of the total 5,905, of which the MoIT claimed the top spot with 675 business conditions, or equivalent to 55.5% of the total under its administration.
In PM Nguyen Xuan Phuc's directive issued on July 13, 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.
The directive requires there should be a clear justification of changes in the number of business conditions and goods required for specialized inspection.
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 related 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 a target of removing 50% of total business conditions at all ministries and ministry-level agencies before October 31.
