Ho Chi Minh City has made a positive step in improving its investment environment by successfully accomplishing the first phase of the “E-regulations” project.

“E-regulations” is a component of the “Investment facilitation” project that has been carried out by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, with technical assistance provided by the UN Conference on Trade and Development (UNCTAD) and financial support from the Government of Luxembourg.

Vietnam is the only nation in Asia to carry out the “E-regulations” project, which was first launched in Hanoi in 2007. Following the first phase, the city provides sufficient and detail information about investment procedures, including business registration, land lease and contract signing, at website Vietnam.e-regulations.org, both in Vietnamese and English.

The project was then implemented on a trial basis in the central city of Da Nang and the southern largest economic hub of HCM City. It will be expanded to several provinces towards the performance of e-government on a national scale.

The project demonstrates the Vietnamese government’s efforts to improve business and investment environment. It plans to upload public activities of civil authorities in 2010./.