MoIT slashes historic 675 business and investment conditions
16:17 | 22/09/2017

VGP – Minister of Industry and Trade (MoIT) Tran Tuan Anh signed Decision No. 3610a/QĐ-BCT promulgating plans to reduce and simplify investment and business conditions in State management in the 2017-2018 period. 

Illustration photo

Accordingly, 675 business and investment conditions were cut down, 63 conditions higher than the expected plan and equivalent to 55.5% of the total conditions. After the reduction, the remaining conditions are 541.

Minister Tran Tuan Anh affirmed that the reduction of business conditions and tackling difficulties for businesses are key works in reforming administrative procedures, completing the institution and improving the investment and business environment. 

In the future, the ministry will continue listening to the business community’s comments to address arising issues, he said. 

The ministry’s orientations in the future include conducting more reviews to reduce the number of goods under specialized inspection, both before and after customs clearance, removing and streamlining administrative procedures and business conditions while building and completing Vietnamese standards, streamlining administrative procedures and reducing specialized inspection time. 

By Thuy Dung 



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