Want to be in the loop?
subscribe to
our notification
Business News
CONSTRUCTION MINISTRY CUTS, SIMPLIFIES 85 PCT OF BUSINESS, INVESTMENT CONDITIONS
The Ministry of Construction has cut or simplified 85 per cent out of the 215 business and investment conditions, and eliminated five among the 17 conditional business lines.
The proportion exceeds the 35 per cent requirement set in the Prime Minister’s Directive No 20 to intensify reforms of specialised inspections, and cutting and simplifying business and investment conditions. These figures reflect the efforts made by the ministry’s units to improve the business environment and implement administrative reforms, inside officials said.
At present, the ministry is reviewing the removal of four other conditional business lines stipulated in legal documents.
The ministry took the initiative to address difficulties for businesses by coordinating with the Government Office to organise a national teleconference to solve difficulties and shortcomings on policies and mechanisms related to construction investment. The event was presided over by Prime Minister Nguyen Xuan Phuc.
To prepare for the teleconference, it collected and considered over 2,000 petitions from voters, enterprises, and vocational associations and organisations, while coordinating with the Viet Nam Chamber of Commerce and Industry to hold a conference to listen to the difficulties businesses were facing.
The ministry is currently working with related ministries to realise the outcomes of the teleconference.
It has completed and submitted to the Government a resolution on some tasks and measures to ease difficulties and solve shortcomings on policies and mechanisms related to construction investment.
The ministry received the Government leader’s approval for a directive to step up the implementation of measures to shorten the duration for granting construction licenses and related procedures by more than 40 days.
In the second quarter of 2018, it piloted a single window unit in charge of handling 22 out of 33 administrative procedures under the authority of the Construction Minister.
During the three-month trial, the unit received 47 dossiers, of which 27 were handled as scheduled.
Source: VIR
Related News
CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS
Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).
HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024
Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.
FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION
Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.
IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT
Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts