The Ministry of Finance has proposed a plan to simplify over 500 administrative procedures.
In line with Resolution 66/NQ-CP, the Ministry of Finance has been aggressively implementing a program to reduce and streamline administrative procedures. This is one of the government’s key reforms for the period 2025-2026, aimed at removing obstacles for production and business activities.
As of August 2025, the Ministry has reviewed 928 administrative procedures related to production and business operations. Based on this review, they have proposed to reduce and simplify more than 500 procedures, accounting for 55.06% of the total. Notably, most of the streamlined procedures fall under the two areas that directly impact businesses: taxation and customs.
From March 2025 to the present, the Ministry of Finance has proactively issued and submitted to competent authorities for issuance of legal documents to implement the reduction and simplification of 154 administrative procedures (cutting 26 procedures and simplifying 128 procedures) in the fields of taxation and customs.
Simultaneously, the Ministry has approved the reduction and simplification of 136 administrative procedures (cutting 54 procedures and simplifying 82 procedures) related to production and business activities under its management.
The Ministry has also reviewed and simplified 13 administrative procedures in legal documents issued by the Ministry of Construction related to the securities sector.
To continue achieving the goals set out in Resolution 66/NQ-CP, the Ministry of Finance has studied, reviewed, and proposed to the Prime Minister for approval a plan to reduce and simplify administrative procedures related to production and business activities under its function. The plan is expected to cut and simplify 208 procedures related to production and business operations (cutting 43 procedures and simplifying 165 procedures).
The Ministry of Finance has been vigorously implementing the program to reduce and simplify administrative procedures in line with Resolution 66/NQ-CP. This is one of the government’s key reforms for 2025-2026, aimed at removing bottlenecks in production and business activities.
According to statistics, the compliance cost of administrative procedures before the reduction was 75,430 billion VND per year. After the reduction, this figure decreased to 48,820 billion VND, resulting in a savings of approximately 26,610 billion VND per year, or 35.28%. Additionally, the processing time for procedures was reduced from 12,288 days to 8,598 days, saving 3,690 days or 30.03%.
The Ministry of Finance also reviewed 363 business conditions under its management and proposed to cut and simplify 124 conditions, achieving a rate of 33.88%. Notably, the reduction of business conditions mainly focused on 20 conditional sectors, including securities, insurance, financial services, customs, taxation, accounting, and auditing. Out of these, 120 conditions were completely eliminated, accounting for 33.05%.
In addition to procedures and business conditions, enterprise reporting has also been streamlined. The Ministry reviewed 272 reporting regimes, resulting in the elimination of 31 regimes (11.4%) and the digitalization of 161 regimes (66.8%). Digital reporting not only reduces the burden on enterprises but also enables faster and more accurate data retrieval for managing authorities.
The Ministry of Finance aims to continue reviewing and submitting to the Prime Minister for approval a plan to reduce and simplify 208 administrative procedures within its functional scope. This includes cutting 43 procedures and simplifying 165 procedures. To implement this plan, it is expected that 44 legal documents will need to be amended or supplemented, including 8 laws, 31 decrees, 1 decision by the Prime Minister, and 4 circulars or inter-circulars.
The implementation of this plan is projected to reduce compliance costs by approximately 17,290 billion VND per year, equivalent to 37.89%, and save 2,036 days in procedure processing time, equivalent to 34.93% compared to the current situation.
According to the Ministry of Finance, in the last months of 2025, they will continue to review and propose amendments to legal documents to realize the plan for reducing and simplifying administrative procedures.
To build on the achievements and strive to accomplish the goals set for the second half of 2025, the Ministry of Finance proposes that the Government Office continue to take the lead in guiding ministries, sectors, and localities to effectively implement the model of handling administrative procedures regardless of administrative boundaries.
This means that people and businesses can submit their dossiers and receive results at any service point nationwide, without being constrained by their place of residence or business registration address.
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