MOIT may cut many business conditions

VCN - Reform is not for the Ministry of Industry and Trade (MOIT) but for enterprises, society, and people. Once enterprises and people still complain, which means that the task of the MOIT has not been completed 
moit may cut many business conditions A reduction of 2,000 conditions is an appropriate approach
moit may cut many business conditions How does the Ministry of Industry and Commerce cut down the administrative procedures?
moit may cut many business conditions Automotive Business Conditions - The rights of consumers are guaranteed?
moit may cut many business conditions
There are still 1,216 business conditions in the whole industry and trade sector

On September 5th, 2017, Minister of MOIT Tran Tuan Anh had a meeting with the Ministry’s units on administrative reform and requested these units to urgently review the business conditions and maximally cut unnecessary procedures to remove difficulties for enterprises.

According to the Vietnam Chamber of Commerce and Industry (VCCI) and the Central Institute for Economic Management (CIEM), the MOIT has made great efforts in administrative reform, the abolition of procedures and business conditions to remove difficulties for enterprises.

However, as a multi-industrial ministry which has a strong influence on the production activities, so the number of procedures and business conditions are still large. At present, the whole industry and trade sector still has about 1,216 business conditions that will prevent the mobilization of resources and production.

Therefore, both VCCI and CIEM have recommended that the MOIT should continue to implement the administrative reform and cut procedures including the abolition of some business conditions for goods as gas, rice, wine, and logistics services.

Mr. Tran Tuan Anh said that the survey results had a foundation and came from reality, so the units should not discuss the right and the wrong and criticize the researched data.

"The number of 300, 400 or 500 conditions, sub-licenses is not important rather than whether, in the coming time the Ministry will implement the reform or not and how many procedures will be removed," said by Mr. Tuan Anh

At first, he asked the units to immediately review the effectiveness of abolition of procedures and business conditions in the past time. From the specific evaluation of the achieved results, the units should to quickly review their areas under their management to continue to remove the business conditions and administrative procedures on the basis of retaining the required conditions and moving toward the objective of transforming from pre-check to post- check. It should be cut immediately what can be removed and cut immediately and it should study to introduce appropriate solutions to what cannot be cut immediately.

"Our view is implementing the reform in the most thorough, objective and honest way. The reform is not for the MOIT but for enterprises, society, and people. Once enterprise and people still complain, which means that our task has not been completed ", Mr. Tran Tuan Anh emphasized.

According to Mr. Tuan Anh, the administrative reform should be based on the spirit of learning and improve the business environment. Accordingly, before September 14th, 2017, the Ministry’s units will have to submit a report on the administrative reform plan to the Minister who will consider and cooperate with the Ministry’s working team to review and make decisions on specific reduction.

Notably, this time, Mr. Tran Tuan Anh himself will be responsible for monitoring the administrative reform.

moit may cut many business conditions Decree on automobile business conditions still in waiting period

VCN - A draft Decree stipulating the conditions for automobile manufacture, assembly and imports and business in ...

Thus, from now on September 14th, 2017, units will have a week to review the procedures of business and production conditions in all areas of the management of the MOIT on the basis of transformation of state management mode from pre-check to post-check; conditions on market access under international commitments for FDI enterprises and state management upon transformation of state management mode from pre-check to post-check.

By Phan Thu/ Huyen Trang

Related News

Binh Duong Customs and Korean businesses solve difficulties and obstacles

Binh Duong Customs and Korean businesses solve difficulties and obstacles

VCN - Binh Duong Customs Department coordinated with the Association of Korean Investment Enterprises in Binh Duong (Kocham Binh Duong) to organize a dialogue conference with Korean businesses in 2024.
Ho Chi Minh City Customs reforms and implements digital customs to better support businesses

Ho Chi Minh City Customs reforms and implements digital customs to better support businesses

VCN - On April 25, talking to the business community at the dialogue conference between businesses and city authorities on customs, Deputy Director of Ho Chi Minh City Customs Department Nguyen Huu Nghiep said that Ho Chi Minh City Customs has proactively improved procedures and implemented digital customs to better support businesses.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Heading toward the official implementation of the Voluntary Compliance Program

Heading toward the official implementation of the Voluntary Compliance Program

VCN - Through implementing the Pilot Program on supporting and encouraging businesses to voluntarily comply with customs laws, the compliance level of many member businesses has improved significantly.

Latest News

Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

VCN - Speaking at the Conference to collect opinions on the draft Government Decree regulating the Land Development Fund held by the Ministry of Finance on April 22, Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.

More News

Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
SBV takes more actions to stabilise foreign exchange rates

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Corporate bond maturity in 2024 remains high: MoF

Corporate bond maturity in 2024 remains high: MoF

The volume of corporate bonds maturing in 2024, though lower than that in 2023, is till at a high level, mostly in industries with payment risks such as real estate and renewable energy, according to a report by the Ministry of Finance (MoF).
Support clearance procedures for imported gold for bidding

Support clearance procedures for imported gold for bidding

VCN - The State Bank (SBV) has sent a document to competent ministries and branches requesting coordination in implementing the Prime Minister's direction in gold market management.
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low

VCN - According to forecasts, Vietnam's financial sector in 2024 will be more positive, with the exchange rate gradually cooling down from the end of the second quarter of 2024, while interest rates will remain low to promote growth.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
Central bank plans to auction gold bars on April 22

Central bank plans to auction gold bars on April 22

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Old loans must endure higher interest rates temporarily: central bank

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
State-owned enterprises flourished

State-owned enterprises flourished

VCN - The production and business situation in the first quarter of 2024 of the state-owned enterprise sector continues to have many bright spots with many financial targets completed or exceeding the set plan. This is the premise for positive business results in the second quarter and the whole year 2024.
Read More

Your care

Latest Most read
Strictly monitor market fluctuations to appropriately adjust prices

Strictly monitor market fluctuations to appropriately adjust prices

VCN – In the second quarter and the remaining months of 2024, the price management and administrations need to effectively control inflation and remove difficulties for production and businesses, the Ministry of Finance reports.
Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.
How does the Land Development Fund work effectively?

How does the Land Development Fund work effectively?

Deputy Minister of Finance Bui Van Khang emphasized the necessity of the development of the Government Decree regulating the Land Development Fund.
Vietnam seeks to remove obstacles in upgrade of securities market

Vietnam seeks to remove obstacles in upgrade of securities market

The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electr
Mobile Version