JavaScript is off. Please enable to view full site.

Vietnam scraps, simplifies 125 administrative procedural steps in industry, trade

Vietnam scraps, simplifies 125 administrative procedural steps in industry, trade

Tuesday, December 13, 2016, 11:46 GMT+7

The Vietnamese Ministry of Industry and Trade has abolished and simplified 125 of its administrative procedural steps in an unprecedented reform.

The abolition and simplification were approved by Minister Tran Tuan Anh, in a move considered part of the Vietnamese government’s efforts to improve the country’s business environment and transform itself into a ‘constructive government.’

Fifteen administrative procedural steps taken by the ministry have been scrapped completely, while 108 others will be simplified, according to a ministerial decision that took effect on Friday last week.

These account for over 28 percent of the ministry’s 443 procedural steps in 19 fields, according to an announcement made on its website.

The simplified procedures include those in beverage, oil and gas businesses, food safety, energy, along with 13 other fields under its administration.

The reform is expected to reduce costs of compliance for businesses operating in Vietnam as well as improving the country’s competitiveness as an investment market.

The ministry’s Legal Department said in September that the simplification of administrative procedures until then had helped save VND4.3 billion (US$191,000) a year based on average spending on implementation time.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News


Read more




‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news