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675 business conditions being cut

Wednesday 17, 01 2018
On January 15, the Prime Minister signed to issue a Decree on cutting 675 (55 percent) out of 1,216 business conditions managed by the Ministry of Industry and Trade.
675 business conditions being cut
On January 15, the Prime Minister signed to issue a Decree on cutting 675 (55 percent) out of 1,216 business conditions managed by the Ministry of Industry and Trade.

Previously, in September 2017, after a period of review, Minister of MoIT Tran Tuan Anh approved the plan to eliminate 675 business conditions, equal to 55.5% of total business conditions managed by the Ministry.

This is considered as the first and the most aggressive move among the ministries in implementing business conditions reform. Prime Minister Nguyen Xuan Phuc has praised many times, appreciating this effort of the Ministry of Industry and Trade.

Under the Resolution No. 1 of 2018, the Government has requested fundamental improvement, making strong changes to business environment indicators, cutting down and simplifying 50% of current business conditions.

According to the Ministry of Planning and Investment, as of 22/12/2017, there have been only 5 ministries reviewing and proposing modifications.

Apart from the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development has also planned to cut and modify some conditions. Accordingly, out of 345 business conditions under the management of the Ministry, it is proposed to abolish, modify 118 conditions (65 abolished and 53 revised), accounting for 34.2%.

The Ministry of Construction also proposed to abolish 89 conditions (41.3%); simplify 94 (43.7%) conditions and keep 32 conditions unchanged (15%) out of 215 investment and business conditions managed by this Ministry.

The Ministry of Information and Communications has also reviewed business conditions and proposed to cut and modify 51 business conditions (16%), but there have been no specific modifications to business conditions that have to be changed.

10 other Ministries (Ministry of Finance, Ministry of Healthh, Ministry of Culture, Sports and Tourism, Ministry of Education and Training, Ministry of Science and Technology, Ministry of Natural Resources and Environment, Ministry of Labor, Invalids and Social Affairs) have not yet submitted any information about the reduction or modification of business conditions under the management of these ministries.



 
Categories:
Business

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