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Portal supporting foreign investors launches in HCM City

An electronic portal called eRegulations, which aims to facilitate international investors’ access to information related to foreign investment procedures in Vietnam, was launched in Ho Chi Minh City on July 2.
An electronic portal called eRegulations, which aims tofacilitate international investors’ access to information related toforeign investment procedures in Vietnam, was launched in Ho ChiMinh City on July 2.

Deputy Head of the ForeignInvestment Agency Nguyen Noi stressed that the information portal givesdetailed instructions on enterprise establishment formalities in Vietnamfor foreign investors.

Enterprises and investors now can accessstep-by-step guides on investment and business procedures in Hanoi, DaNang and HCM City, the northern provinces of Hai Duong and Vinh Phuc andthe central provinces of Binh Dinh and Phu Yen, he added.

Frank Grozel, an expert from the United Nations Conference on Tradeand Development (UNCTAD), said the portal will help foreign investorssave time and expenses when searching for information on investment andbusiness procedures in Vietnamese localities.

The portal, whichoffers instruction manuals in Vietnamese, English, Korean, Chinese andJapanese, also effectively supports Vietnam’s trade promotion andinvestment attraction.

Developed by UNCTAD in 2005,eRegulations has been installed in nearly 30 countries nationwide sofar. Vietnam is the first nation in Asia to apply the system.-VNA
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