Japanese enterprises operating at Hung Yen’s industrial park are pleased with favourable conditions they have received here, with many planning to expand their investment, according to Japanese Ambassador to Vietnam Yamada Takio.
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.
MoNRE has proposed the Government to shift one conditional business line, eliminate 36 business investment conditions and amend 15 conditions required for individuals and enterprises.
The Department for Economic Zones Management (DEZM) of the Ministry of Planning and Investment is in the process of completing the draft Law on Special Administrative-Economic Units, with adjustments being made in terms of local operations, organisation, administration and foreign investment incentives and policies.
The Ministry of Industry and Trade (MoIT) has decided to cut down 675 business and investment conditions, equivalent to 55.5 percent of the total conditions.
The Ministry of Planning and Investment chaired the drafting of a law on revising and supplementing the laws on investment and business, which sparks hopes for improvements in the business climate.
Business
