Efforts to improve the business environment
General Secretary To Lam has just chaired a working session with the Central Committee for Policy and Strategy on the growth target set for 2025 at 8% or more, creating a solid foundation for double-digit growth in the following years. Suggesting some contents, the General Secretary emphasized the need to continue institutional reform and improve the business environment.
Accordingly, the requirement to put into a business investment environment strives to reduce at least 30% of the time for handling administrative procedures; at least 30% of business costs, especially customs, costs for compliance with regulations, unofficial costs, and the cancellation of at least 30% of unnecessary business conditions. Strive to have Vietnam's investment environment in the top three ASEAN countries within the next two to three years.
Talking with Lao Dong, Associate Professor. Dr. Nguyen Thuong Lang - an economic expert assessed that General Secretary To Lam's drastic instructions on simplifying and cutting administrative procedures are a positive signal for businesses, creating more favorable conditions for development and growth in the future.
Reducing at least 30% of administrative procedure processing time will help businesses save time and resources, thereby increasing operational efficiency and competitiveness. Eliminating at least 30% of unnecessary business conditions will create a more open business environment, encourage new businesses to enter the market and promote competitiveness. "Enterprises will have easier access to international capital and investment sources, thereby growing and developing more strongly" - Associate Professor. Dr. Nguyen Thuong Lang assessed.
According to AmCham Chairman in Hanoi - Mr. Eric Johnson, US businesses highly appreciate Vietnam's very active and proactive implementation of their commitments; as well as efforts to streamline the apparatus, restructure ministries and branches, and make administrative procedures more open.
In particular, the most recent direction of General Secretary To Lam on reducing at least 30% of the time for handling administrative procedures, reducing at least 30% of business expenses, and abolishing at least 30% of unnecessary business conditions.
Proposal of enterprises on cutting and simplifying administrative procedures
In recent times, although there have been many positive results, difficulties, problems, and inadequacies in institutions and laws have not been completely and promptly resolved to suit reality and development requirements. The decentralization, delegation of authority, and reduction of some regulations, administrative procedures, standards, technical regulations, and business conditions are not yet thorough.
The business community hopes that cutting and simplifying administrative procedures needs to be implemented more drastically to improve the business environment.
Mr. Ngo Minh Phuong - Director of Viet Truong Company Limited - said that seafood enterprises are facing two major pressures. Standards are increasingly strict, with strong competition from other countries. Management policies are overlapping and do not closely follow reality, causing difficulties for businesses.
Mr. Ngo Minh Phuong proposed amending and supplementing legal regulations on product quality management according to international standards, shifting from pre-inspection to post-inspection according to risk principles, while promoting the electronic hoa of administrative procedures. He also proposed implementing measures to soon remove the EC's yellow card on combating IUU fishing.
In the field of construction, Ms. Dang Thi Kim Oanh - Chairman of Kim Oanh Group recommended that the State remove obstacles and support businesses in investing in social housing. Specifically, it is necessary to shorten time, simplify procedures to attract businesses, reduce home loan interest rates and extend lending time. At the same time, it is proposed to expand the investment profit ceiling, creating more favorable conditions for businesses to develop social housing.
