Experts from the UK and the Secretariat of the Organisation for Economic Cooperation and Development (OECD) shared their experience in accelerating the reform of business regulations and designing digital services for people and enterprises during a workshop on December 16.
In recent times, thousands of business conditions, product categories subject to customs checks, and administrative procedures have been cut and simplified in accordance with Government Resolution 68, facilitating production and business activities, significantly contributing to improving the investment and business environment and national competitiveness.
It is critical for Vietnam to focus on removing inconsistencies and overlaps in business regulations to create a favourable climate for enterprises, attendees heard at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI) Hanoi on June 24.
Vietnam has considered adding regulations of household business to the revised Law on Enterprises that is set to be submitted to the National Assembly for approval in October.
Vietnam has cut thousands of business regulations and special inspection procedures, saving 4 trillion VND (172 million USD) in 2017 and 6.3 trillion VND (270.9 million USD) in 2018, according to the World Bank (WB).
Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations.
Prime Minister Nguyen Xuan Phuc has demanded that all corresponding government departments, agencies and institutions to adjust policies as part of an “action-minded” government, to unburden Vietnamese firms of unnecessary business regulations, namely redundant business permits and categorisation.
Business
