More administrative procedures cut to support foreign firms
More than 5,000 administrative procedures as well as business conditions and specialised inspection procedures have been removed to facilitate European small and medium enterprises’ operation in Vietnam, said Minister, Chairman of the Government’s Office Mai Tien Dung.
Dung, who is also Chairman of the Advisory Council for Administrative Procedures Reform (ACAPR), made the statement while attending a dialogue jointly held by the ACAPR and the European Chamber of Commerce in Vietnam (EuroCham) in Hanoi on January 22.
The event is part of the Prime Minister’s direction to renew mechanisms, policies and administrative procedures, helping businesses remove bottlenecks in business operation as well as reduce expenses in production.
In 2018, the Government will ask ministries, sectors and localities to improve indexes of business environment while promoting labour productivity and competitive capacity so that Vietnam can reach the average level of ASEAN-4 countries (Singapore, Malaysia, Thailand and the Philippines), he said.
Inspection works and business investment procedures will be simplified as well, Dung stated.
At the meeting, European firms stated their difficulties, recommending the Vietnamese Government to focus on tax, intellectual property rights, healthcare and other legal issues which have great impacts on foreign trade and investment.
EuroCham Co-Chaiman Nicolas Audier expressed his hope that the Vietnamese Government will address the challenges before the Vietnam-EU free trade agreement takes effect late this year.
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| Minister, Chairman of the Government’s Office Mai Tien Dung at the dialogue meeting. |
In 2018, the Government will ask ministries, sectors and localities to improve indexes of business environment while promoting labour productivity and competitive capacity so that Vietnam can reach the average level of ASEAN-4 countries (Singapore, Malaysia, Thailand and the Philippines), he said.
Inspection works and business investment procedures will be simplified as well, Dung stated.
At the meeting, European firms stated their difficulties, recommending the Vietnamese Government to focus on tax, intellectual property rights, healthcare and other legal issues which have great impacts on foreign trade and investment.
EuroCham Co-Chaiman Nicolas Audier expressed his hope that the Vietnamese Government will address the challenges before the Vietnam-EU free trade agreement takes effect late this year.
