Want to be in the loop?
subscribe to
our notification
Business News
CUSTOMS SECTOR: EFFORTS FOR MAJOR BREAKTHROUGHS IN SIMPLIFYING ADMINISTRATIVE PROCEDURES
The National Single Window (NSW) has brought about positive changes in the settlement time of administrative procedures. However, changes are varied among procedures and there are no major breakthroughs in simplifying administrative procedures and reducing costs for businesses.
This remark was made at a workshop that announced the findings from the survey “business satisfaction with implementation of administrative procedures through the National Single Window and specialized inspection procedures 2022” launched by the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID).
According to the report, enterprises largely said handling procedures on the NSW is more difficult than in the 2019 survey, with 10 out of 12 procedures in favor. This can be explained by the fact that Vietnam was severely affected by the COVID-19 pandemic from January 2020 to the end of the first quarter of 2022, with social distancing applied in many parts of the country. Therefore, carrying out administrative procedures, including import and export procedures, was also hugely affected.
More companies reported difficulty in procedures for "Medical equipment import license" and procedures for "Receipt number of declaration form of imported cosmetic products" under the authority of the Ministry of Health, with respective growth of 21% and 20%.
In the opposite direction, fewer companies found it hard to complete procedures for "Certificate of technical safety quality and environmental protection for imported motor vehicles" and " Certificate of technical safety quality and environmental protection for specialized vehicles," provided by the Ministry of Transport, with respective declines of 4% and 3%.
Meanwhile, according to VCCI's overall assessment, NSW has brought about positive changes in the settlement time of administrative procedures.
In the time aspect, 10 out of 12 administrative procedures need a shorter time when conducted via NSW than that via traditional methods. The time needed is reduced by 5-25 hours. The biggest time reduction is seen in procedures for "Registration for quality inspection and certification of imported animal feeds" provided by the Ministry of Agriculture and Rural Development, with 25 hours fewer.
The two procedures delivered by the Ministry of Health are exceptions, out of the current general trend. The time needed to apply for "Medical equipment import license" via NSW is up to 632 hours, 84 hours more than the traditional filing method. Similarly, the time needed to receive the "Announcement of imported cosmetic products" is 25 hours more (from 153 hours when applied directly at the Ministry of Health as before, to 178 hours when submitted via NSW).
Ten out of 12 procedures need less time to get settled on NSW than traditional methods, with the amount of time reduced by 26-54%. Notably, the procedure for Import/export licensing for industrial precursors is the only one to have the settlement time cut by over half.
To improve the working performance of the National Single Window, VCCI suggested that NSW soon be integrated with services and utilities like in many other countries, such as electronic payment or electronic phytosanitary certificate (ePhyto) with other ASEAN countries. In the long term, NSW needs to be more centralized to not only provide public services but also offer business-to-business connection platforms. By accessing NSW, companies will not only solve administrative procedures but also find partners and service networks for their production and business activities.
Source: VCCI
Related News
POSITIVE ECONOMIC OUTLOOK FOR VIETNAM
Driven by strong recent economic performance, many foreign agencies have upgraded Vietnam's growth forecasts for 2024 and 2025. The National Assembly set a GDP growth target of 6.5-7% for 2025, aiming for 7-7.5%, while the Prime Minister set a more ambitious 8% growth target.
EFFECTIVE RESTRUCTURING BODES WELL FOR LOCAL AIRLINES
Aviation businesses in Vietnam are expected to perform better in 2025, driven by effective restructuring. National flag carrier Vietnam Airlines is on the way to making consolidated revenues of around $4.37 billion in 2024, up from $3.88 billion in 2023.
KEY SOLUTIONS TO DRIVE GREEN GROWTH
The Prime Minister has issued Directive 44/CT-TTg, dated December 9, 2024, outlining key tasks and solutions to accelerate the implementation of the National Strategy on Green Growth for the 2021-2030 period, with a vision to 2050.
PM ORDERS SWIFT RESOLUTION OF CHALLENGES FOR RENEWABLE ENERGY PROJECTS
Prime Minister Phạm Minh Chính has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.
CLEAR LEGAL FRAMEWORK NEEDED TO UNLOCK DIGITAL ASSET POTENTIAL
The past decade has seen remarkable advancements in technology worldwide, particularly in digital assets such as blockchain, cryptocurrencies, asset tokenization and decentralized finance (DeFi). Once unfamiliar, digital assets have now become integral to the global financial system. Leading nations in this field not only to drive innovation but also establish a strategic edge in the global economy.
HANOI'S ECONOMY CONTINUES TO SUSTAIN GROWTH
Speaking at the opening session of the 20th meeting of Hanoi People’s Council on December 4, Deputy Chairman of Hanoi People’s Committee Ha Minh Hai reported that the capital’s economy has maintained high growth, with regional GDP rising by 6.12 per cent in the first nine months of the year, and expected to exceed 6.5 per cent for the full year.