MoIT leading in administrative procedure simplification

The Ministry of Industry and Trade is currently taking the lead in the removal of business conditions and goods from the list of those subject to specialised examination
moit leading in administrative procedure simplification

It has removed 402 or 57.3% of the 702 goods from the list, the report said. The ministry is followed by the Ministry of Information and Communications (89), the Ministry of Labour, Invalids and Social Affairs (33), and the Ministry of Science and Technology (22).

As of August 2018, ministries had simplified procedures relating to 606 or just 6.5% of the 9,339 commodities. The MoIT and the communications ministry are also the best performers in this work.

Another 832 categories of goods still need to be removed, but there haven’t been detailed documents on this issue.

In general, the rate of goods excluded from the list subject to specialised examination is only 15.1%, still low compared to the set target, the working group said.

Meanwhile, four ministries have officially cut 900 of the 5,905 business conditions, the group said, adding that the MoIT also ranks first in this regard with 675 or 55.5% of its 1,216 conditions cut. The Ministry of Construction is in the second place with 183 of the 215.

By August, more than 2,360 business conditions, or 40% of the total, had been planned to be reduced but relevant ministries hadn’t regulated on this work.

Earlier this year, the Prime Minister requested ministries and sectors to submit plans on how to cut down or streamline 50% of their business conditions by August 15. Administrative reforms are viewed as a key measure to boost growth.

Source: VNA

Related News

Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Vietnam-China trade reaches over US$ 27 billion

Vietnam-China trade reaches over US$ 27 billion

VCN – China continues to be the Vietnam's largest trading partner.
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in February of 2024, a 26.7% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of January 2024. Exports went down 28.5 %, to USD 24.69 billion and imports decreased 24.6%, to USD 23.30 billion in terms of month-on-month basis. As a result, there was a USD 1.38 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024

The Vietnam Customs Statistics announced that in the second half of January, 2024 the total Vietnam’s exports of US dollars 19.3 billion and imports of nearly US dollars 16.03 billion resulted in a trade surplus of US dollars 3.27 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of January was over US dollars 35.33 billion, up by 18.6% as compared to the first half of January-2024. Furthermore, in the first month of 2024, Vietnam was in trade surplus of USD 3.63 billion.

Latest News

​​​​​​​VN needs drastic reforms to create firm ground for economic growth: experts

​​​​​​​VN needs drastic reforms to create firm ground for economic growth: experts

Việt Nam’s economy has a good start with a growth rate of 5.66 per cent in the first quarter of this year, the highest rate since 2020. However, whether the recovery is firm remains a question.
E-commerce contributes $7 million in taxes during 2022-23

E-commerce contributes $7 million in taxes during 2022-23

A number of solutions have been implemented to enhance the tax management on e-commerce, including the
Standard Chartered revises down Vietnam’s  GDP growth forecast in 2024 to 6%

Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%

Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Investor confidence gains traction on improved business climate

Investor confidence gains traction on improved business climate

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.

More News

Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
Many new regulations aim to drastically remove the IUU "Yellow Card"

Many new regulations aim to drastically remove the IUU "Yellow Card"

VCN - Many new regulations against illegal, unreported, unregulated (IUU) fishing have been issued to help Vietnam complete the legal framework and soon remove the IUU "Yellow Card" in 2024.
PM chairs meeting of national committee for digital transformation

PM chairs meeting of national committee for digital transformation

Prime Minister Pham Minh Chinh chaired the eighth meeting of the National Committee for Digital Transformation on April 24, which aims to assess digital transformation efforts and development of the digital economy in recent times and discuss tasks and solutions for accelerating the work in 2024.
Seize the golden opportunity as retail giants look for supplies in Vietnam

Seize the golden opportunity as retail giants look for supplies in Vietnam

VCN - The world's leading purchasing and retail corporations all plan to increase the purchasing of goods in Vietnam. However, Vietnamese businesses still need to improve many factors to be able to grasp this opportunity.
Government’s action programme cracks down on illegal fishing

Government’s action programme cracks down on illegal fishing

A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
PM calls on ASEAN to pen strategic development vision

PM calls on ASEAN to pen strategic development vision

The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
Forum to discuss new initiatives on ASEAN future vision: Deputy FM

Forum to discuss new initiatives on ASEAN future vision: Deputy FM

The ASEAN Future Forum 2024 (AFF 2024), which will take place in Hanoi on April 23, is expected to create a platform for stakeholders to contribute ideas and initiatives on the Association of Southeast Asian Nations (ASEAN)’s future vision, Vietnamese Deputy Minister of Foreign Affairs Do Hung Viet has said.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Green transformation and ESG practice to participate in the global competition

Green transformation and ESG practice to participate in the global competition

VCN - Vietnam is in a transition period from encouraging to mandating green and sustainable criteria so as not to fall behind or be excluded from the green transformation trend that is taking place strongly around the world.
Read More

Your care

Latest Most read
​​​​​​​VN needs drastic reforms to create firm ground for economic growth: experts

​​​​​​​VN needs drastic reforms to create firm ground for economic growth: experts

Việt Nam’s economy has a good start with a growth rate of 5.66 per cent in the first quarter of this year, the highest rate since 2020. However, whether the recovery is firm remains a question.
E-commerce contributes $7 million in taxes during 2022-23

E-commerce contributes $7 million in taxes during 2022-23

A number of solutions have been implemented to enhance the tax management on e-commerce, including the
Standard Chartered revises down Vietnam’s  GDP growth forecast in 2024 to 6%

Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%

Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Investor confidence gains traction on improved business climate

Investor confidence gains traction on improved business climate

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along wi
Mobile Version