Business

More efforts to be exerted to simplify business conditions: Official

Cutting down business condition number is one of the key solutions that the Government has worked out to improve the business environment and national competitiveness in 2023, stated Deputy Minister of Planning and Investment (MPI) Tran Huy Dong at a conference in Hanoi on July 6.
More efforts to be exerted to simplify business conditions: Official ảnh 1Illustrative image (Source: baodautu.vn)
Hanoi (VNA) – Cutting down business condition numberis one of the key solutions that the Government has worked out to improve thebusiness environment and national competitiveness in 2023, stated DeputyMinister of Planning and Investment (MPI) Tran Huy Dong at a conference inHanoi on July 6.

This year, the inspection and check of businessactivities will be reformed to ensure they do not affect the normal operation of enterprises, along with measures to enhance the quality of supporting services forenterprises, said the official.

Dong noted that in the 2016-2019 period, about 50% of the business conditions were abolished, commenting that this is a positive result.

Dr. Nguyen Minh Thao, head of Business Environment andCompetitiveness Department of the Central Institute for Economic Management(CIEM), cited a survey on conditional investment and business activities andbusiness conditions in 15 fields, which shows that the quality of businessconditions in some areas have been improved.

Thao said that business conditions in many areas have beendesigned in a systematic and clear manner, while many unreasonable conditionshave been removed, contributing to enhancing transparency in law-building.

However, the expert held that the efforts to improve thebusiness environment and business conditions are slowing down, while thebarriers in business conditions have yet to be removed in some areas.

More efforts to be exerted to simplify business conditions: Official ảnh 2An overview of the conference (Photo: thoibaonganhang.vn)
Deputy Minister Dong said that the MPI is reviewing all conditional businessactivities and business conditions in 15 areas under the management ofministries and sectors to explore existing problems in the field.

Participants noted that under the Investment Law 2020, the number ofconditional investment and business activities is 227, but the real number ismuch higher, while overlapping and incoherence have still been seen inregulations on conditional business activities.

A representative from the CIEM pointed to major problems inthe field, including the unreasonably large number of required certificates,the limitation in decentralisation in licence granting, and complicatedadministrative procedures in granting sub-licences.

The CIEM representative proposed that ministries and sectorscontinue to simplify and cut down business conditions. The Government shouldnot raise more conditions that hinder investment and business activities whenissuing new legal documents or amending existing ones, while enhancing theefficiency of consultation and verification of legal documents before issuance,said the representative.

At the event, representatives of some associations,businesses and experts expressed their hope that the Government will resume theprogramme to reform and improve the business environment, directing theimplementation of solutions to improve the business environment, andstrengthening the evaluation of the solutions’ efficiency./.
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#Deputy Minister of Planning and Investment (MPI) Tran Huy Dong #Central Institute for Economic Management (CIEM) #conditional business activities #business conditions #Vietnam #Vietnam news #Vietnam News Agency
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