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).
The application of a customs bond model would benefit the country, contributing to an increase of one per cent of the total import-export turnover according to comments by Minister and Chairman of the Government Office Mai Tien Dung.
Local enterprises are spending around 28.6 million working days valued at 14.3 trillion VND (636 million USD) a year to complete administrative procedures for special inspections on imported and exported goods.
Business
