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
MEMBER CORNER / PROMOTIONS
QUARTERLY PIT FILING FOR EMPLOYMENT INCOME APPLIES FROM APRIL 2026
Deloitte Vietnam would like to update members of HKBAV on a recent change to Personal Income Tax (“PIT”) filing procedures, which applies from April 2026 onwards. On 7 April 2026, the Government issued Resolution No. 66.16/2026/NQ-CP, setting out its direction to reduce and simplify administrative procedures and regulations affecting business activities. The Resolution took effect on 15 April 2026.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN APRIL OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
HOSPITALITY / TOURISM / ENTERTAINMENT
PHU QUOC MAKES UP OVER 80% OF AN GIANG’S TOURISM REVENUE
Phu Quoc Special Zone has accounted for more than 81% of An Giang Province’s tourism revenue so far this year, while attracting nearly all international visitors to the province. Tourism revenue in An Giang has reached an estimated VND33.17 trillion in January-May, up 37.2% from a year earlier. The province has welcomed more than 13.3 million visitors, up 12.1%, while international arrivals have grown 48.4% to around 1.18 million, reported the Vietnam News Agency.
VIETNAM ECONOMY INVESTMENT
VIETNAM OUTLINES SUSTAINABLE AGRICULTURE AGENDA FOR NEXT FIVE YEARS
Vietnam’s agriculture sector has set targets of achieving average annual GDP growth of 3.6-4%, increasing export revenue by 10-12% per year, and cutting greenhouse gas emissions by 8-9% over the next five years. The targets form the core of a broader strategy to shift from low-value agricultural production toward higher-value products and build an ecological, green and low-emission agricultural sector with more efficient resource management.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING LOANS IN HCMC, DONG NAI TOP VND6 QUADRILLION
Total outstanding loans in HCMC and Dong Nai City had amounted to VND6 quadrillion as of April 2026, accounting for 31.1% of the total in Vietnam’s banking system. The latest figures were released on May 26 by Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Area 2 branch, which oversees HCMC and Dong Nai City.
MEMBER CORNER / PROMOTIONS
KNIC OFFICIALLY HOLDS GENERAL CONTRACTOR CEREMONY FOR INFRASTRUCTURE CONSTRUCTION AT KNIC NAM LONG THANH IP
On May 21, 2026, KNIC officially launched the infrastructure construction for Phase 1 of KNIC Nam Long Thanh Industrial Park (Bau Can - Tan Hiep), spanning 1,000 hectares in Dong Nai. Following the completion of all key legal and planning procedures, this milestone marks the project’s transition into active on-site implementation.
Events Sponsors
