Updated on : Thứ Năm, 05/10/2017 - 5:20 CH
Ministries urged to cut business conditions by at least one third
VGP – The Government has put forward specific requirements on the number of business conditions that need to be abolished in the fields under each ministry’s management, in its Resolution No. 98/NQ-CP issued on October 3.

PM Nguyen Xuan Phuc (standing) chairs Cabinet meeting in Ha Noi on October 3, 2017. Photo: VGP

The Resolution identifies elimination of obstacles and business conditions which are unnecessary and unreasonable, expansion of market participation capabilities and facilitation of healthy and fair competition, as one of the five major tasks in order to turn private economy into an important motivation of the economy.

Accordingly, the Government has assigned ministries and agencies to continue reviewing, evaluating and recommending the abolition of at least one third to one half of the existing business conditions in the field of management and the administrative procedures that are hindering businesses’ investment activities.

The Ministry of Planning and Investment is tasked with promptly finalizing a decree on controlling and enhancing the quality of business conditions, and submitting it to the Government in December 2017.

The Ministry of Justice is responsible for closely monitoring the issuance of legal normative documents on business conditions in contrast to jurisdiction.

The comprehensive reform of regulations on business conditions is a request set by the Government in the past few years, but it is not until recently that this task is of special priority. 

From early July to the end of September, the Government had issued four consecutive resolutions requesting ministries to review and eliminate unreasonable business conditions.

In September, the Ministry of Industry and Trade decided to cut down 675 business conditions across the fields under its management, which has been welcomed by the public. 

At the Cabinet meeting on October 3, PM Nguyen Xuan Phuc spoke highly of the ministry’s move, hailing it as a common lesson for other ministries.

By Vien Nhu

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