Gov’t looks to cut special inspections red tape

Local enterprises are spending around 28.6 million working days valued at VND14.3 trillion (US$636 million) a year to complete administrative procedures for special inspections on imported and exported goods. Customs officers at the Noi Bai International Airport carry out a special inspection on imported goods. - Photo hanoimoi.com.vn This estimate was revealed by Mai Tien Dung, Minister and Chairman of the Government Office during a working session held in Ha Noi yesterday with 11 related ministries and other agencies. Dung, who heads a working team appointed by Prime Minister Nguyen Xuan Phuc to work on the issue, said special phytosanitary inspections accounted for 0.1 per cent, animal quarantine 14.3 per cent, energy efficiency 25.3 per cent, food hygiene and safety 19.1 per cent and licences for import and export products 41.2 per cent of the total number of special inspections carried out in the country. “The Government has issued Resolution 19/NQ-CP to reduce the rate of special inspections from 30-35 per cent of imported and exported goods to 15 per cent, but this target has not yet been met,” Dung said. There are 100,000 items that are subject to special examinations, he added. The administrative procedures on goods control have been overlapping, resulting in higher spending for firms. The rate of goods that undergo two to three special inspections accounted for 58 per cent, the meeting heard. The minister said some ministries…... [read more]

NDO - Ho Chi Minh City Secretary Nguyen Thien Nhan has emphasised that the city should effectively tap into its potential as one of the key measures to boost economic growth in a rapid and sustainable manner. Nhan stated at a meeting of the municipal Party Committee on August 18 that the city has been enjoying rapid and comprehensive growth over the last five years, making significant contributions to the national development. However, the city is still plagued with a number of limitations, especially in infrastructure, which has hindered economic growth and improvements to the city residents’ lives. He pointed out that the main reason for this problem is the limited capacity of the city’s leadership and a lack of determination. The HCMC secretary said in order to boost the growth of enterprises, the city must improve its business environment, especially the transparency and openness in administrative procedures and planning. Nhan also emphasised the need to develop breakthrough measures to improve transport infrastructure and deal with flooding. He said that the city should work closely with experts to review planning and propose new mechanisms to attract funding for its infrastructure projects, while a flood control strategy is needed to radically deal with the situation over the next 3-5 years and beyond. ... [read more]

NDO - The National Assembly Standing Committee (NASC) wrapped up its 13th session in Hanoi, on August 18, under the chair of NA Chairwoman Nguyen Thi Kim Ngan. Earlier the same day, the NASC discussed the draft of the Public Policy Law. The draft includes seven chapters, with 54 articles, regulating the general principles of public policy, administrative procedures and public policy services and e-government in public policy, in addition to the relations and responsibilities of stakeholders in public policy. NA Chairman Nguyen Thi Kim Ngan emphasised the need to construct a proper concept of public policy and advised the compiling committee to adjust several articles in the draft. Speaking at the closing session, NA Chairwoman Nguyen Thi Kim Ngan urged the Government, as well as the NA’s committees of law, the NA’s Secretary General and the relevant agencies and organisations, to adhere to the NASC’s opinions when finalising the resolutions, reports and other documents. She asked the NA’s Secretary General to sum up the conclusions on the specific contents in order to create a report on the general conclusions of the session for the relevant agencies, organisations and individuals to study, adhere to and execute. During the 13th session of the NASC, the committee also scrutinized five bills scheduled to be submitted to the NA for consideration at the upcoming fourth session, including the amended law on national defense, the law on the protection of State secrets, the law on the amendments and supplements in…... [read more]

Carrying out the “Year of Business” and the “Year of Administrative Order and Discipline” in 2017, Thua Thien Hue province has adopted many solutions and activities to accelerate administrative procedure reform, raise the spirit and sense of responsibility of civil servants, invest in essential infrastructure and remove difficulties for enterprises, among other things, in a bid to better mobilise investment resources in infrastructure for production, economic development, environmental protection and social security guarantee. The Vietnam Business Forum Magazine has an interview with Nguyen Van Cao, Chairman of the Thua Thien Hue Provincial People’s Committee, on this issue. Ngo Khuyen reports. While speeding up the enforcement of Resolution 35/NQ-CP dated May 16, 2016, of the Government on business support and development to 2020, Thua Thien Hue province also defined and carried out activities in the “Year of Business” in 2016. How has this motivated business environment improvement and business development? To carry out the Year of Business in 2016, the province promoted receipt and processing of information through hotline channels, electronic information portals, direct exchanges (twice a month) and regular meetings. Thua Thien Hue also promulgated regulations on coordination of inspection of enterprises after they register establishment (overlapping inspection is avoided) and mobilised eligible individual business households to upgrade into corporate entities. The province also executed many solutions to remove difficulties, accelerate site clearance, deploy bank - business connection programme. New reforms in investment attraction and positive changes in morale and attitudes of civil…... [read more]

VietNamNet Bridge – Prime Minister Nguyen Xuan Phuc has stressed that reforms of administrative procedures must be accelerated to bolster growth, noting that the public and business community still complain about prolonged and cumbersome administrative processes in State agencies.  Prime Minister Nguyen Xuan Phuc has stressed that reforms of administrative procedures must be accelerated to bolster growth, noting that the public and business community still complain about prolonged and cumbersome administrative processes in State agencies. — Photo: VNA/VNS At a working session with the Administrative Procedure Control Department and the Advisory Council for Administrative Procedure Reform yesterday, the PM said the top requirement at present is to cut procedures to complete the disbursement of VND1.5 quadrillion (US$6.6 billion) of investment capital from all sources within this year.  He also requested improving taxation and customs procedures to boost exports, a key factor for growth.  PM Phuc repeated the requirement to reduce expenses for enterprises and to limit inspections and audits to once a year for each firm.  According to the advisory council, despite the instructions of the Government and PM, ministries, sectors and local administrations continue to issue or maintain unreasonable regulations, hindering business activities as well as peoples’ daily lives.  The council said the drafting and promulgation of policies and administrative procedures are still influenced by the “ask-give” mechanism and vested interests.  Therefore, the Government’s Office asked the PM for permission to review all regulations on administrative procedures as stipulated in legal documents issued by localities since 2015 up to…... [read more]

The government in 2014-2015 gradually restored business confidence, helping reduce the ‘fear-of-failure’ index to 45.6% in 2015.  However, according to Global Entrepreneurship Monitor (GEM), the index has always been high. It was 56.7% in 2013, the second highest level among 70 surveyed economies. The government’s efforts helped Vietnam rise to the eighth position among 60 surveyed economies in 2015. Vietnam’s business environment index in 2017 went up nine notches, from 91st to 82nd, with Vietnam among the economies with the most considerable improvement, just after Brunei (+25 grades) and Indonesia (+15 grades), according to the World Bank.  “Embezzlement, copyright abuse and lengthy administrative procedures, however, are the three biggest problems,” Nguyen Mai, chair of VAFIEs (the Vietnam Association of Foreign Invested Enterprises), said. The total FDI (foreign direct investment) registered capital in Vietnam in the first six months of the year increased by 54.8% compared with the same period last year, according to an MPI report.  However, analysts noted the absence of strong investments from American and European investors. Western investors are cautious when making investments, especially in developing countries like Vietnam. A delegation of representatives from 29 US leading conglomerates came to Vietnam last March, just to learn about the government of Vietnam’s reform of investment environment and make proposals on amending current policies. The US has never been the No 1 foreign direct investor in Vietnam. It ranks seventh among the biggest foreign investors in the country. …... [read more]

Hanoi, August 17 (VNS/VNA) - Local digital content firms are claiming of unfair treatment compared to their foreign peers, with Vietnamese companies saying they face many regulations while firms like Google, Facebook and YouTube don’t pay taxes and are unhindered by regulations and policies.  Leaders of digital content businesses made the gripes at a forum about the law on information and technology and development orientation held in Hanoi on August 15.  Nguyen Thanh Hung, director of VTC Intecom, was reported by online newspaper vneconomy.vn as saying that 10 years ago, revenue of digital content from added value services reached 3-4 trillion VND (133-177 million USD). The revenue has risen due to the development of television, online services and the shift from traditional advertising to online ads and content on social networks.  Nguyen The Tan, VCCorp’s general director, said total revenue of digital content firms in was about 8-10 trillion VND (352.4-440.5 million USD) a year. The revenue could hit 15-20 trillion VND (660.8-881 million USD) a year, including foreign companies in Vietnam.  Tan told the newspaper that the scale of the digital content market in the next five years could reach 1 billion USD and 5 billion USD in the next 20 years.  However, he said 1 billion in revenue for the digital content sector was different than for the garment and textile industry. The garment and textile sector could earn only 10 percent or 500 million USD for export revenue of 5 billion USD while the digital…... [read more]

Leaders of digital content businesses made the gripes at a forum about the law on information and technology and development orientation held in Hà Nội on Tuesday. Nguyễn Thanh Hưng, director of VTC Intecom was reported by online newspaper vneconomy.vn as saying that 10 years ago, revenue of digital content from added value services reached VND3 to 4 trillion (US$133-177 million). The revenue has risen due to the development of television, online services and the shift from traditional advertising to online ads and content on social networks. Nguyễn Thế Tân, VCCorp’s general director said total revenue of digital content firms in was about VND 8 to 10 trillion a year. The revenue could hit VNĐ15 to 20 trillion a year including foreign companies in Vietnam. Tân told the newspaper that the scale of the digital content market in the next five years could reach $1 billion and $5 billion in the next 20 years. However, he said $1 billion in revenue for the digital content sector was different than for the garment and textile industry. The garment and textile sector could earn only 10 per cent or $500 million for export revenue of $5 billion while the digital content could yield $500 million for exporting $1 billion to foreign markets. This means $1 billion exports of the digital content sector could be equal to $5 billion in exports of the garment and textile sector, he said. He forecast that the digital content sector…... [read more]

Employees at VCCorp, a local digital content firm based in Ha Noi. — Photo vccorp.vn Local digital content firms are claiming of unfair treatment compared to their foreign peers, with Vietnamese companies saying they face many regulations while firms like Google, Facebook and YouTube don’t pay taxes and are unhindered by regulations and policies. Leaders of digital content businesses made the gripes at a forum about the law on information and technology and development orientation held in Ha Noi on Tuesday. Nguyen Thanh Hung, director of VTC Intecom was reported by online newspaper vneconomy.vn as saying that 10 years ago, revenue of digital content from added value services reached VND3 to 4 trillion (US$133-177 million). The revenue has risen due to the development of television, online services and the shift from traditional advertising to online ads and content on social networks. Nguyen The Tan, VCCorp’s general director said total revenue of digital content firms in was about VND 8 to 10 trillion a year. The revenue could hit VND15 to 20 trillion a year including foreign companies in Viet Nam. Tan told the newspaper that the scale of the digital content market in the next five years could reach $1 billion and $5 billion in the next 20 years. However, he said $1 billion in revenue for the digital content sector was different than for the garment and textile industry. The garment and textile sector could earn only 10 per cent…... [read more]

VSIP has developed world-class industrial estates across Vietnam with self-contained facilities to serve the needs of its customers. John Lim HM, head of Commercial & Residential Properties at VSIP JV Co., Ltd., shared with Thanh Van the group’s vision to complement foreign investors’ growth in the park. Following the success of industrial parks (IPs), VSIP has transformed into a developer of integrated townships and IPs. Could you highlight the advantages and challenges of this business model? Vietnam is a land of immense potential for growth. We realised early on that the country possesses unique strengths, including abundant land and young, hardworking labour force, to attract As Vietnam grows, the community’s needs to evolve. This is why VSIP has transformed our core offering from standalone IPs to integrated township and IP models, enabling us to bring in comprehensive solutions to work, live, and play, and also applying urban planning best principles in Vietnam. We believe that successful implementation rests on a strong master plan that is backed by robust urban infrastructure and integrates utilities and facilities for enhanced living. Who are the target investors for VSIP commercial and residential complexes? VSIP has a lot to offer as an investment destination. Along with IPs, VSIP townships in Binh Duong, Quang Ngai, Nghe An, Bac Ninh, and Haiphong are ideally located and prepared land for property investment and development with diverse options of townhouses, apartments, hotels, commercial areas,…... [read more]




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