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Submitted by honghanh on Fri, 08/08/2008 - 09:00
The Norwegian Government and the United Nations Industrial Development Organisation (UNIDO) will finance US$5.2 million for the first phase of a project on technical assistance for business registration reform in Vietnam.

An agreement to this effect was signed between the Vietnamese Ministry of Planning and Investment (MPI), the Norwegian Embassy and the UNIDO in Hanoi on August 7.

The US$9 million project, to last until 2011, will help Vietnam develop a system of business registration-related information and train office personnel in 63 provinces and cities.

It is expected to help reduce time and costs for registration procedures and set up a database of information about annual financial statements of shareholding enterprises.

Norwegian Ambassador Kjell Magne Storlokken praised the Vietnamese Government’s efforts in private sector development and public administration reform, adding that consolidated registration reform will contribute to improved transparency in the business environment and reduce transaction costs and risks in executing business activities in Vietnam.

UNIDO Representative Nilgun Tas said the National Business Registry will facilitate online information sharing between provincial business registration offices and relevant ministries, reduce the duplication of business names and offer web-enabled services.

The project is part of the UN’s “One UN plan”, a joint action programme between the Government and all 14 resident UN organisations in Vietnam.

VOVNews/VNA

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