Streamlining Administrative Procedures for Businesses in Vietnam
Vietnamese Prime Minister Pham Minh Chinh has issued Directive No. 69 on May 22, instructing ministers and provincial leaders to focus on completing the review, reduction, and simplification of administrative procedures related to businesses.
Prime Minister directs further cut in administrative procedures. Photo: Nhat Bac
The government leader has requested a reduction of at least 30% in the time taken to resolve administrative procedures, a 30% decrease in compliance costs, and a cut of at least 30% in business conditions by 2025, with further significant reductions in subsequent years.
Along with this, there should be a minimization of intervention and the elimination of administrative barriers, the “license – grant” mechanism, and the “if you can’t manage it, ban it” mentality. Citizens and businesses should be free to engage in any trade that is not prohibited by law.
There should be a shift from pre-inspection to post-inspection, accompanied by enhanced monitoring and supervision. The management of business conditions should also move from licensing and certification to the implementation of business condition announcements and post-inspections, except for a few sectors that mandatorily require licensing procedures as per international regulations and practices.
“There must be transparency, digitization, automation, and the application of artificial intelligence and big data in executing administrative procedures, especially in business establishment, dissolution, land, planning, investment, construction, taxation, customs, and insurance,” the directive states.
The directive holds ministers and provincial leaders accountable to the government and the Prime Minister for the outcomes of administrative procedure reduction, business condition reduction, and compliance cost reduction.
The directive also mentions that as of May 20, there were 4,377 administrative procedures related to production and business activities, 8,977 business conditions, 3,086 products and goods subject to specialized inspection, 886 technical standards and norms related to administrative procedures for production and business activities, and 640 reporting regimes for businesses. The total compliance cost exceeds VND 120 trillion per year.
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