Continuing the 9th Session, on the morning of May 9, Minister of Finance Nguyen Van Thang, authorized by the Prime Minister, presented the draft Law amending and supplementing a number of articles of the Law on Enterprises.
Minister Nguyen Van Thang said that the amended and supplemented regulations in the draft Law comply with the principles of ensuring freedom of business, reforming administrative procedures, improving the investment and business environment and improving the effectiveness of state management for enterprises.
Regarding market entry, the draft Law has continued to institutionalize the Party's viewpoints and policies on cutting administrative procedures, creating a favorable environment for businesses to enter the market.
In addition to inheriting reforms and advances in the application of information technology in previous business establishment procedures, the draft Law has continued to modernize and strongly transform digitally in business registration through the use of personal identification to replace all traditional documents.
In particular, 2 contents have been abolished to help reduce documents that businesses and individuals must submit and reduce information that businesses must declare to business registration agencies.
Through the authentication of personal identification on the basis of connection with the national population database during the process of establishing a business, it will help management agencies monitor the personal identity and legal status of business establishmenters from the very beginning.
This does not affect the process of businesses entering the market freely, and does not increase administrative procedures.
Regarding corporate governance, although the Enterprise Law has been completed through many versions, fully approaching the world's advanced practices on corporate governance, there are still some regulations with problems arising in practice affecting the operations of enterprises.
To handle these problems and shortcomings and increase the effectiveness of post-inspection work for businesses, the draft Law amends and supplements 23 contents related to clarifying and unifying the concepts and contents stipulated in the law to ensure effectiveness in implementation.
Amend some contents related to corporate governance to ensure compliance with the practical operations of types of enterprises.
Amend a number of regulations to enhance the responsibility of agencies and localities in state management of enterprises, especially "post-inspection" to minimize the situation of virtual capital and fake capital, and enhance transparency in enterprise operations.
Promote the integration of information sharing between state management agencies to ensure improving the efficiency and effectiveness of state management without affecting the operations of enterprises.
At the same time, it will increase information transparency, creating safety for people and businesses in the business environment.
Regarding money laundering prevention, the draft Law amends and supplements 15 contents on providing, storing and sharing information related to owners for the benefit of enterprises.
At the same time, the Government is assigned to specifically guide the criteria for determining and declaring information about the owner of the business to benefit, ensuring compliance with Conclusion No. 119-KL/TW of the Politburo.
New adjustments and supplements to this content do not create administrative procedures, minimizing compliance costs for businesses.
