On October 5, the People's Committee of Khanh Hoa province announced that the Chairman of the Provincial People's Committee had approved the internal process for handling administrative procedures under the authority of the Department of Finance in the field of supporting small and medium-sized enterprises.
Accordingly, from September 30, the time for handling procedures for the Notice of establishment of a creative startup investment fund (code TTHC 2,0024) will be shortened from 15 days to 10.5 working days.
People and businesses can submit their applications directly at the Khanh Hoa Provincial Public Administration Service Center or online at the National Business Registration Portal (https://dangkykinhdoanh.gov.vn).
Specific processing process: receiving and transferring documents to the Department of Finance (0.5 days); documents processing staff (6.5 days); leaders of professional departments for consideration (1 day); leaders of the Department for approval (2 days); issuing results (0.5 days).
In 2025, Khanh Hoa aims to reduce at least 30% of unnecessary investment and business conditions; reduce 30% of time and costs for administrative compliance.
100% of procedures related to enterprises will be carried out online, transparently, regardless of administrative boundaries.
At the same time, the province has completed decentralization of authority and simplified all internal procedures in State agencies, in line with the streamlined and efficient model.
By 2026, the province aims to cut and simplify 100% of unnecessary, overlapping or unclear investment and business conditions; completely abolish conditions outside the portfolio according to the Investment Law.
The time and cost of handling procedures continue to be reduced by half compared to 2024, all information and administrative documents only need to be provided by the enterprise once to the management agency.
