Strongly reform administrative procedure stipulated in draft Law on Prices (amended)

VCN – The reform of administrative procedures in the draft Law on Price (amended) has received special attention from the Ministry of Finance to control administrative procedures and facilitate organizations and individuals in the implementation.
Strongly reform administrative procedure stipulated in draft Law on Prices (amended)
Draft Law on Prices (amended) persists in following market principles and is under the management of the State. Photo: ST

The Law on Prices No. 11/2012/QH13 was approved by the National Assembly at the 3rd session of the XIII National Assembly and took effect from January 1, 2013. Synchronously with that, detailed documents guiding the implementation of the Law have been promulgated, creating a full legal framework for the State's price management and administration. However, after nine years of implementing the Law on Prices, certain limitations and shortcomings have arisen. For example, the contents of several articles and clauses in the Law still have different interpretations, making it difficult to apply, or some of the provisions are no longer consistent with the reality, or several new problems have arisen.

To overcome the current problems, implementing the Law and Ordinance Development Program 2022 of the National Assembly, the Ministry of Finance has chaired and coordinated to develop the Law on Price Scheme (amended). In developing the draft Law on Prices (amended), the Ministry of Finance has paid great attention to reforming administrative procedures and control of administrative procedures to create the most favourable conditions for organizations and individuals. Accordingly, in the process of developing the draft Law, regulations on administrative procedures are developed towards the direction of focusing on the necessity, rationality and legality of administrative procedures as well as reviewing and calculating the costs incurred by the organizations and individuals (if any) have to spend when carrying out administrative procedures which are expected to be promulgated to consider and choose the optimal plan and solution for the promulgation of administrative procedures.

In addition, the Ministry of Finance has concentrated on quantifying the costs that individuals and organizations have to spend when carrying out administrative procedures that have been issued or are expected to be promulgated, thereby offering solutions to carry out administrative procedures following the management level and the physical and technical conditions of the concerned parties, ensuring the lowest costs that organizations and individuals have to spend.

The Ministry of Finance said that in the draft Law on Prices (amended), new administrative procedures will be expected to be promulgated. That is the procedure for registration of practising price appraisal. Previously, the registration of practising price appraisal of price appraisers was regulated in Circular No. 38/2014/TT-BTC of the Ministry of Finance guiding several articles of Decree No. 89/2013/NĐ-CP of the Government detailing the implementation of several articles of the price law on the appraisal of prices and Circular No. 60/2021/TT-BTC of the Ministry of Finance on amendments to some articles of the Government's Decree No.38/2014/TT-BTC. However, it has not been announced as an administrative procedure.

After the regulation on registration of practising price appraisal was included in the draft Law on Prices (amended), through review, the Ministry of Finance found that the recognition of the above procedure as an administrative procedure is necessary to facilitate organizations and individuals, especially price appraisers, to register for practice, ensuring compliance with the provisions of law. The cost of complying with the above administrative procedures is quantified from the management practice of practising price appraisal of the appraisers in the past time.

In addition, the draft Law on Prices (amended) also amends and supplements several administrative procedures, such as regulations on registration to participate in the price appraiser exam or regulations on granting and re-granting certificates of eligibility for business in price appraisal services. According to the Ministry of Finance, these administrative procedures have been amended and supplemented to ensure the convenience of dossiers, orders and procedures for relevant organizations and individuals (price appraisal enterprises, price appraisers) when carrying out administrative procedures for registration to participate in the exam for the issuance of the price appraiser's card, and for the grant and re-grant of the certificate of eligibility for business in appraisal services.

The cost of complying with the above administrative procedures is quantified from the results of implementing the above administrative procedures in the past. The results are expected to be achieved when carrying out these procedures after they have been amended and supplemented. The results showed that compliance with administrative procedures after being amended and supplemented is reduced compared to the current cost, reducing the administrative burden on the affected subjects.

The draft Law on Prices (amended) will also abolish several administrative procedures prescribed in the current Law on Prices. That is the regulation on price registration of enterprises on the list of price registration at the Ministry of Finance. This administrative procedure was abolished because the draft Law on Prices does not stipulate price registration. Or such as abolishing the regulation on price decisions under provincial authority because this is a regulation on the exercise of powers and responsibilities of state management agencies on prices for goods and services in the List of goods, services are priced by the State rather than specific jobs related to organizations and individuals as defined in the definition of administrative procedures specified in Clause 1, Article 3 of Decree No. 63/2010/ND-CP of the Government dated June 8 2010.

By Thùy Linh/Thanh Thuy

Related News

How to stabilize the gold market?

How to stabilize the gold market?

VCN - Is the gold auction solution effective enough to stabilize the market, while many other factors need to be taken into account such as transparency, preventing price manipulation... In addition, it is also necessary to think about other monetary solutions including raising interest rates because a higher interest rate environment will cool both gold and exchange rates.
Sustainable economic development from international cooperation in finance, accounting and auditing

Sustainable economic development from international cooperation in finance, accounting and auditing

VCN – The cooperation promotion among countries in the fields of finance, accounting and auditing not only improves the efficiency of financial management and resource sharing but also facilitate economic development, said by Deputy Minister of Finance Vo Thanh Hung.
Improve processes and enhance experience to rebuild trust in life insurance

Improve processes and enhance experience to rebuild trust in life insurance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.

Latest News

Considering to impose 5% of VAT on fertilizers

Considering to impose 5% of VAT on fertilizers

VCN - Under the draft amended Law on Value-Added Tax (VAT), fertilizers are expected to be included in the category of goods subject to VAT at a rate of 5% to address the difficulties faced by domestic production enterprises and ensure that this item can compete effectively with imported products of the same type.
Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

VCN - According to representatives of various businesses, the current regulations regarding value-added tax (VAT) rates on fertilizers have created significant challenges for these businesses. The proposed amendments to the VAT Law for fertilizers, if implemented, have the potential to alleviate many of these difficulties, providing enterprises with better opportunities to capture market share and foster a more equitable market environment.
Regulations on bad debt trading, settlement revised

Regulations on bad debt trading, settlement revised

The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.
Policy on business registration to be revised

Policy on business registration to be revised

The revised decree (No. 01/2021/NĐ-CP) aims to streamline lots of processes, creating maximum favourable conditions for enterprises, respecting the autonomy of enterprises and protecting the legitimate rights and interests of the company.

More News

Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

VCN - According to calculations by the Ministry of Finance, the total amount of special consumption tax (SCT) on domestically produced and assembled cars, if extended, is about VND 8,560 billion. However, the latest tax payment deadline is November 20, 2024, it does not affect the state budget revenue estimate for 2024.
Proposal to reduce the collection rates of 36 fees and charges in 2024

Proposal to reduce the collection rates of 36 fees and charges in 2024

VCN - According to the draft circular regulating the collection rates of some fees and charges in 2024, the Ministry of Finance is consulting with ministries, branches, People's Committees of provinces and cities, and the drafting agency proposes to reduce the collection rates from 10- 50% of 36 fees and charges.
Removing problems on settlement reports and archive for export processing enterprises

Removing problems on settlement reports and archive for export processing enterprises

VCN - During the customs clearance process, issues such as management of raw materials, supplies or settlement reports are always of concern to export manufacturing and production and export processing enterprises. Hanoi Customs Department has answered many questions about customs procedures for export processing enterprises.
Clear policies needed for addressing violations of new generation tobacco products

Clear policies needed for addressing violations of new generation tobacco products

VCN - Although the authorities have rigorously inspected and handled violations related to new generation tobacco products, to improve management efficiency, it is urgent to develop clear policies for managing these products.
Inventory of public assets aims to accurately reflect the true nature of state budget resources

Inventory of public assets aims to accurately reflect the true nature of state budget resources

VCN - Implementing Decision No. 213/QD-TTg of the Prime Minister on the Project for a total inventory of public assets (TSC), currently the lead unit, the Ministry of Finance, is implementing work to carry out a total inventory of TSC at agencies, organizations, units and infrastructure assets invested and managed by the State in ministries, branches and localities across the country.
Hanoi Customs: Thoroughly addressing the concerns of processing, export production, and export processing enterprises

Hanoi Customs: Thoroughly addressing the concerns of processing, export production, and export processing enterprises

VCN - Processing, export production, and export processing enterprises account for 65% of the total customs declarations and 85% of the total import-export turnover through the Hanoi Customs Department. Therefore, addressing policy and procedural issues for this type of business is a priority for the department.
Perfecting the legality of cryptocurrencies, supporting the prevention of violations

Perfecting the legality of cryptocurrencies, supporting the prevention of violations

VCN - The addition of many regulations in Decree No. 52/2024/ND-CP on non-cash payments is considered to help meet the requirements of digital transformation and promote non-cash payments in the economy.
Hanoi Customs: thoroughly addressing concerns of processing, export production, and export processing enterprises

Hanoi Customs: thoroughly addressing concerns of processing, export production, and export processing enterprises

VCN - Processing, export production, and export processing enterprises account for 65% of the total customs declarations and 85% of the total import and export turnover through the Hanoi Customs Department. Therefore, issues related to policies and procedures for these types of enterprises are of great interest and resolution by the unit.
Calculating land rent based on the time of handover

Calculating land rent based on the time of handover

VCN - The Land Law of 2024, approved by the National Assembly on January 18, 2024, is expected to take effect on July 1, 2024, with significant changes related to land finance.
Read More

Your care

Latest Most read
Considering to impose 5% of VAT on fertilizers

Considering to impose 5% of VAT on fertilizers

Under the draft amended Law on Value-Added Tax (VAT), fertilizers are expected to be included in the category of goods subject to VAT at a rate of 5%
Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

Fixing VAT rates with fertilizers brings dual benefits to "3 houses"

The proposed amendments to the VAT Law for fertilizers, if implemented, have the potential to alleviate many of these difficulties, providing enterprises with better opportunities
Regulations on bad debt trading, settlement revised

Regulations on bad debt trading, settlement revised

The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.
Policy on business registration to be revised

Policy on business registration to be revised

The revised decree (No. 01/2021/NĐ-CP) aims to streamline lots of processes, creating maximum favourable conditions for enterprises, respecting the autonomy of enterprises and protecting the legitimate rights and interests of the company.
Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

Proposal to extend the special consumption tax payment deadline for domestically produced and assembled cars

Total amount of special consumption tax (SCT) on domestically produced and assembled cars, if extended, is about VND 8,560 billion.
Mobile Version