In a bid to implement the guidelines in the Prime Minister’s 2014 New Year Message, authorities of various levels are working to collect comments on the amendments to the current Law on Enterprises, according to the Government Portal.

The revised law is expected to remove the bottlenecks for businesses, especially the registration of business lines.

Under a draft version, ministries, ministerial-level agencies, provincial People’s Councils and Committees are not allowed to issue regulations on business lines that are prohibited or conditional as well as regulations on business conditions.

Enterprises may not have to register business lines, according to the amendments.

Many experts and business leaders said the new provision on business registration is a strategic breakthrough in facilitating the start-up and operation of enterprises.

The current Law on Enterprises only allows enterprises to operate in areas that are not restricted by law but the notion “law” is so immense. It means that enterprises have to overcome a burden of administrative procedures.

On the other hands, the current law stipulates that enterprises have to operate in accordance with the business lines that they have registered.

Under the amended version, the right to issue regulations on business prohibition and conditional business belongs to the National Assembly, the its Standing Committee, and the Government. No other agencies have such right.

Enterprises can expand business lines and they only need to report the change to the business registration agency.

Some warns that the above amendments would make it difficult for the State management. However, as written in the PM’s New Year message, the State should function as the development facilitator while State organs and cadres and civil servants can only do things that law allows.

In this spirit, the draft version reflects the State’s effort to create further favourable conditions for citizens and enterprises.

In a broader view, the amended versions of the Law on Enterprises and the Law on Investment are part of the institutional reform which is considered as an inevitable requirement.

Prime Minister Nguyen Tan Dung pointed out that over the past 30 years of renewal, the country’s outstanding achievements have close relations with institutional reform process and now it is time to refresh this process to generate greater impetus for fast growth and sustainable development.-VNA