Keyword: "conditional business lines"

Continuing the agenda of its ongoing first extraordinary session, the 16th National Assembly (NA) on August 3 heard proposals and verification reports on two bills, including the Law amending and supplementing several articles of the Law on Customs, and the Law revising Article 6 and Appendix IV on the list of conditional business lines under the Law on Investment.

The draft amended Law on Investment proposes removing 25 conditional business lines that no longer meet legal criteria and adjusting the scope of 22 others.

Insiders are calling for a revision to regulations on conditional business lines as the regulations have caused major hindrances to firms.

The National Assembly (NA) passed the Law on Investment (revised) in the afternoon of June 17, with 92.34 percent of deputies voting in favour.

Only 15 percent of business and investment conditions have been cut or simplified since the start of the year despite the fact that a deadline set by Prime Minister Nguyen Xuan Phuc is approaching.

The Ministry of Construction has cut or simplified 85 percent out of the 215 business and investment conditions, and eliminated five among the 17 conditional business lines.

Minister of Industry and Trade Tran Tuan Anh has signed Decision No.1408/QD-BCT approving plans to streamline 54 administrative procedures and conditional business lines this year.

The Government convened a meeting on law making on August 22, during which Prime Minister Nguyen Xuan Phuc said many laws still hamper each other.

The parliament's second session continued on Nov. 17 with Prime Minister Nguyen Xuan Phuc answering questions, the approval of the property auction law, and the debate over conditional business lines.

The 14th National Assembly (NA) approved the Law on Property Auction on November 17 afternoon, part of its ongoing second session in Hanoi.