Government resolution eyes business environment improvement
Updated : Thursday, May 17, 2018 2:58 PM (GMT+0700)

TheVietnamese Government has issued a resolution on continuing with solutions andtasks to improve the business environment and increase national competitivenessin 2018 and beyond.

 
The Vietnamese Government has issued a resolution on continuing with solutions
and tasks to improve the business environment and increase national competitiveness
in 2018 and beyond - Illustrative image - Source: VNA

The resolution aims toimprove indexes related to the business environment in order to jump 8-18 stepsfrom the current 68th place the in World Bank’s Doing Business Rankings, withthe focus on low-rated indexes.

Specifically, the countrywill try to move up at least 40 places in the index of Starting a Business, 10places in Enforcing Contracts and 10 places in Resolving Insolvency.

Under the document, half ofbusiness and investment conditions will be eliminated or simplified, while thenumber of commodity types subject to specialised inspections will be reduced byat least 50 percent. 

State management will beshifted from pre-inspection to post-inspection. Additionally, products will beno longer be managed by more than one agency. The rate of import goods subjectto specialized customs check will be reduced from the current 25-27 percent tounder 10 percent. 

The resolution requireshastening the application of information technology in handling administrativeprocedures, including online public services.

The Government askedMinisters and Chairpersons of People’s Committees of provinces andcentrally-run cities to build action plans on carrying out the resolutionbefore May 31, and to direct the implementation of measures to improve thebusiness climate and competitiveness.

Source:VNA 

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