VCCI: Control mechanism on additional business conditions necessary

VCN – According to VCCI, the improvement of the business investment environment can only be done effectively if it is coordinated with the control of proposals on business investment and new business conditions.
VCCi said that the this review should have clear results with a specific roadmap
VCCI said that the review should have clear results with a specific roadmap

In the suggestion document of the Chamber of Commerce and Industry of Vietnam (VCCI) on the draft Resolution No. 02/NQ-CP of the Government on tasks and solutions to improve the business environment and enhance the capacity of national competition in 2022 and following years, in terms of cutting the list of investment and conditional business lines and reforming business conditions, VCCI said that ministries and sectors still regularly conduct reviews on the list of conditional investment and business lines.

However, this review should have clear results with a specific roadmap, that is, the list of conditional investment and business lines must be revised in a timely manner. This will make an important contribution to facilitating the production and business activities of enterprises, thereby improving the business investment environment of Vietnam.

Therefore, VCCI proposed to set a timeline and request specific results for ministries and sectors in the implementation of this important task. Moreover, the review of the list of conditional investment and business lines should be in the direction of narrowing the scope of some industries and removing the industries from the list if there are other effective management measures.

According to VCCI, the improvement of the business investment environment set out by the Government since 2014 can only be effectively implemented if there is synchronization in the review and abolition of business investment lines, business conditions (existing) with effective control of proposals for new business investment lines and business conditions.

Recently, there has been a phenomenon in which state authorities proposed to add new conditional business lines but have not proved the suitability of the state management objectives of that industry compared with the provisions of Article 7 of the Law on Investment, or overlap in management scope with other business lines on the list.

In addition, some reformed areas on business conditions tend to be tightened. The regulations are stricter than business conditions, while the arguments are not really convincing. The review and abolishment of existing business conditions have been carried out but lack a mechanism to control the issuance of new ones. This will result in ineffective improvement of business environment activities.

Therefore, VCCI proposed the drafting agency to supplement the content on the task of controlling the supplementation of conditional business lines and new business conditions in the draft.

Regarding the reform of management and specialized inspection of exported and imported goods, according to VCCI, the draft has set out solutions and tasks but it has not assigned specific tasks and which ministries and sectors will in charge. This will make it difficult to supervise enforcement. Therefore, VCCI proposed to the drafting agency to add specific ministries and sectors to perform this task in the draft.

Besides the solutions to reform administrative procedures, it is necessary to remove barriers in investment and business activities and reduce harassment and trouble for enterprises in the process of production and business activities.

Therefore, VCCI recommended that the drafting agency should consider supplementing this content, thereby requesting ministries, sectors and provincial-level People's Committees to continue effectively implementing the Prime Minister's directives on strengthening handling and effectively preventing harassment and trouble for people and businesses in solving issues and regulating inspection and examination activities for enterprises.

By Hương Dịu/Thanh Thuy

Related News

Open export markets

Open export markets

VCN - In 2024, the Government targets export growth of at least 6% compared to 2023 in the context that the market situation is forecast to remain difficult. To achieve the goal, diversifying the market and expanding the market is the method that has been chosen by many businesses.
Supporting businesses in cost reduction

Supporting businesses in cost reduction

VCN - To continue enhancing the competitiveness of the business environment and supporting business development, Dau Anh Tuan (photo), Deputy secretary general, Head of the Legal department, Vietnam Chamber of Commerce and Industry (VCCI), suggested focusing on solutions to reduce business costs and making further efforts in improving the quality of legal regulations and law enforcement.
Restricting scrap import can affect many businesses

Restricting scrap import can affect many businesses

VCN - According to the Vietnam Confederation of Commerce and Industry (VCCI), regulations restricting scrap import can affect the operations of many businesses, so they need to be regulated according to a specific long-term roadmap.
Restrict the import of scrap can affect many businesses

Restrict the import of scrap can affect many businesses

VCN - According to the Vietnam Confederation of Commerce and Industry (VCCI), regulations restricting scrap imports can affect the operations of many businesses, so they need to be regulated according to a specific long-term roadmap.

Latest News

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

VCN - The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report at the 7th Session, and the 15th National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and export of medicinal materials.
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

VCN - The Ministry of Finance has responded to the suggestions of Vietnam Automobile Manudacturers’ Association (VAMA) regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing and assembling automobiles. According to the Ministry of Finance, based on the current situation, the request to continue reducing the volume of VAMA is not suitable.
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.

More News

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

VCN - The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.
Improving the customs legal system to be modern, synchronous, unified and transparent

Improving the customs legal system to be modern, synchronous, unified and transparent

VCN - This is one of the contents related to the Customs field recently reported to the National Assembly by the Ministry of Finance.
New points about rules of origin in AKFTA

New points about rules of origin in AKFTA

VCN - The Ministry of Trade and Industry promulgated Circular 04/2024/TT-BCT amending and supplementing some articles of Circular 20/2014/TT-BCT dated June 25, 2014; the circular took effect from May 11, 2024.
It is necessary to build a national database on cross-border trade and transport

It is necessary to build a national database on cross-border trade and transport

VCN - Build a national database on cross-border trade and transport to store and share information to facilitate cross-border trade and transport as well as improve the efficiency and effectiveness of state management.
Removing difficulties in tax exemption and refund policies for export processing enterprises

Removing difficulties in tax exemption and refund policies for export processing enterprises

VCN - The Customs agency has received many proposals from businesses about answering and guiding policies on tax exemption, import tax and VAT refund for export processing enterprises. The General Department of Customs has responded and provided instructions for each specific case.
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business

VCN - Scrap is a sensitive item with many potential risks of environmental pollution, directly affecting human health and the ecosystem. Therefore, strict management measures are needed to avoid the risk that Vietnam become a scrap gathering country in the world.
New law expected to boost financial leasing

New law expected to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not need to control the purpose of capital use.
5% VAT on fertilisers to create fairer market: domestic producers

5% VAT on fertilisers to create fairer market: domestic producers

The absence of VAT on fertilisers has prevented domestic producers from declaring and deducting input VAT, which leads to higher cost of domestically produced fertilisers, by an estimated 5-8 per cent, and makes them vulnerable in competition from imported fertilisers.
Why not reduce export tax on fertilizer products to 0%?

Why not reduce export tax on fertilizer products to 0%?

VCN - Clarifying a number of contents related to the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP on Preferential Export Tariffs, Import Tariffs, List of Goods and Rates Absolute tax, mixed tax, import tax outside the tariff quota regarding the export tax rate for some types of fertilizers, the Ministry of Finance has clarified the reason why it does not adjust the export tax rate for this product.
Read More

Your care

Latest Most read
Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials

VCN - The Ministry of Health, according to its assigned functions, tasks and authority, presides and coordinates with the Ministry of Finance and relevant agencies to urgently review, research, amend and complete the Ministry's regulations on import and e
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff

The Ministry of Finance has responded to the suggestions of VAMA regarding the adjustment of reducing automobile volume to apply a tax rate of 0% for imported components and spare parts used for manufacturing automobile
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th

The Ministry of Trade and Industry issued Circular 05/2024/TT-BCT regulating the temporary suspension of temporary import and re-export of Monazite ores and ore concentrates business.
Mobile Version