PM Nguyen Xuan Phuc speaks at the meeting (credit: http://news.chinhphu.vn/) Hanoi (VNA) – The Prime Minister on January 15 signed to issue a decree on cutting 675 of the1,216 business conditions (or 55.5 percent), managed by the Ministry of Industryand Trade (MoIT).InSeptember, 2017, MoIT Minister Tran Tuan Anh approved a plan to abolish 675business conditions under the management of the ministry, showing theministry’s pioneering role in reforming business conditions. At a conference in Hanoi on January 15, PM Nguyen Xuan Phuc praised the MoIT’s effortin the work, saying it demonstrated theministry’s determination to improve the national business climate.He also applauded the ministry for the effective restructuring of itsorganisational apparatus, particularly the reduction of a number of itsdivisions.According to Minister Tran Tuan Anh, besides the reduction of 675business conditions, the MoIT also decided to eradicate 420 out of 720 goodscodes subject to pre-clearance inspection which made up 58.3 percent of thetotal number of tariff codes.He added that the industry sector made outstanding achievements in 2017including the record high export revenue of over 200 billion USD, the highindustrial production index growth of 9.4 percent, the inflation curbed at 3.53percent, among others.Under Resolution No.01/NQ-CP in 2018, the Government asked for basic improvement andstrong change of business climate indicators, and a 50-percent cut in thenumber of business conditions. The Ministry of Planning and Investment said only five ministries devised plansfor the scheme by the end of 2017.The Ministry of Agriculture and Rural Development proposed to remove 118 out ofthe 345 business conditions that itmanages,… [Read full story]
Ministry proposes cutting business conditionsVan Ly HANOI – The Ministry of Natural Resources and Environment has proposed the Government and the Ministry of Planning and Investment simplify business and investment conditions for enterprises in the natural resources and environment domain. According to the Department of Legislation under the ministry, the sector has 18 fields bound by 163 business and investment conditions. The ministry proposed the Government let a single ministry manage enterprises transporting dangerous goods including hazardous and infectious substances with 22 business conditions as stated in the Government’s Decree 104/2009/ND-CP. These firms are currently subject to management of several…... [read more]
The Ministry of Industry and Trade will cut out 675 business and investment conditions, 55.5% of the total. This is 63 conditions more than the initially projected. Easing conditions for doing business and investing has focused on 16 fields and sectors, including petrol and oil, gas, food, and logistics. Nguyen Dinh Cung, head of the Central Institute for Economic Management (CIEM), called this a historic decision that will increase competitiveness and remove preconditions, allowing businesses to cut costs and contribute to economic devleopment. Cung also called for strict implementation of the decision. "Preconditions are often set when a new business…... [read more]
It is expected that about 464-612 business conditions, equivalent to an estimated 38.15% to 50.3% of the total business conditions, will be cut in the near future, according to the Minister of Industry and Trade (MOIT) Tran Tuan Anh at a meeting on September 15. According to the report of Ministry of Industry and Trade (MOIT)’s units on administrative reform, as of September 12, the whole industry and trade sector has an estimated 1,216 business conditions that will prevent the mobilization of resources and production. The MOIT’s units proposed two options. According to the first option, 464 conditions, equivalent to…... [read more]
Following the Government’s guidance on simplifying administrative procedures and business investment conditions, The Ministry of Natural Resources and Environment (MoNRE) has submitted a proposal to the Government Office and the Ministry of Planning and Investment (MPI) on reviewing and reducing business conditions.Currently, MoNRE has 18 conditional business lines within the ministry’s State management scope with 163 business investment conditions.The ministry has proposed to shift the conditional business lines to transport of dangerous goods, including hazardous substances and contaminated substances under management of MoNRE with 22 business conditions. According to MoNRE, currently, the transport of dangerous goods involves the State management of many ministries…... [read more]
PM Nguyen Xuan Phuc (standing) chairs Cabinet meeting in Ha Noi on October 3, 2017. Photo: VGP The Resolution identifies elimination of obstacles and business conditions which are unnecessary and unreasonable, expansion of market participation capabilities and facilitation of healthy and fair competition, as one of the five major tasks in order to turn private economy into an important motivation of the economy.Accordingly, the Government has assigned ministries and agencies to continue reviewing, evaluating and recommending the abolition of at least one third to one half of the existing business conditions in the field of management and the administrative procedures…... [read more]
