The Prime Minister on January 15 signed to issue a decree on cutting 675 of the 1,216 business conditions (or 55.5 percent), managed by the Ministry of Industry and Trade (MoIT).
PM Nguyen Xuan Phuc speaks at the meeting (credit: //news.chinhphu.vn/)
Hanoi (VNA) – The Prime Minister on January 15 signed to issue a decree on cutting 675 of the1,216 business conditions (or 55.5 percent), managed by the Ministry of Industryand Trade (MoIT).
InSeptember, 2017, MoIT Minister Tran Tuan Anh approved a plan to abolish 675business conditions under the management of the ministry, showing theministry’s pioneering role in reforming business conditions.
At a conference in Hanoi on January 15, PM Nguyen Xuan Phuc praised the MoIT's effortin the work, saying it demonstrated theministry’s determination to improve the national business climate.
He also applauded the ministry for the effective restructuring of itsorganisational apparatus, particularly the reduction of a number of itsdivisions.
According to Minister Tran Tuan Anh, besides the reduction of 675business conditions, the MoIT also decided to eradicate 420 out of 720 goodscodes subject to pre-clearance inspection which made up 58.3 percent of thetotal number of tariff codes.
He added that the industry sector made outstanding achievements in 2017including the record high export revenue of over 200 billion USD, the highindustrial production index growth of 9.4 percent, the inflation curbed at 3.53percent, among others.
Under Resolution No.01/NQ-CP in 2018, the Government asked for basic improvement andstrong change of business climate indicators, and a 50-percent cut in thenumber of business conditions.
The Ministry of Planning and Investment said only five ministries devised plansfor the scheme by the end of 2017.
The Ministry of Agriculture and Rural Development proposed to remove 118 out ofthe 345 business conditions that itmanages, the Ministry of Construction planned to cut 89 and simplify 94 onesout of the 215 conditions. Meanwhile, the Ministry of Information andCommunications said it will erase and modify 51 ones of this kind.-VNA
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.
Vietnam’s business environment and competitiveness have been improved significantly over the past three years thanks to a range of solutions, according to the Ministry of Planning and Investment (MoPI).
The Ministry of Industry and Trade (MoIT) recently cut 675 business and investment procedures, equivalent to 55.5 per cent of total business conditions.
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PM Nguyen Xuan Phuc speaks at the meeting (credit: //news.chinhphu.vn/) 
