The Ministry of Finance is seeking feedback on a draft circular to abolish 23 circulars and three decisions in the tax sector in order to harmonise with the current legal system.
The Ministry of Construction has proposed sweeping reforms to streamline administrative procedures in the construction sector with the principle that each construction project should undergo only one administrative procedure before breaking ground.
Some argue that removing conditions entirely could lead to an influx of low-cost imports and weaken domestic production capacity, while others say the current system imposes unnecessary costs and slows innovation.
Administrative reform is being repositioned as a key growth driver, with sweeping cuts to procedures and business conditions aimed at unlocking resources and boosting efficiency across the economy.
The customs sector is accelerating reforms by removing outdated procedures, digitalising tax and clearance processes, and cutting business conditions to reduce delays and support import-export firms.
MoIT has introduced sweeping reforms to certificates of origin and related procedures to cut red tape, reduce costs and help businesses better tap tariff incentives amid global uncertainty.
Prime Minister Phạm Minh Chính has encouraged enhanced efforts to ensure that 100 per cent of administrative procedures related to businesses are conducted online by the end of this year to further improve the business environment.
Under the proposal, approval procedures will be simplified and only apply to projects with significant environmental impact, those affecting national defence and security, or projects in sensitive sectors such as airports and seaports.
According to the Việt Nam Chamber of Commerce and Industry (VCCI), in just under two months, there were 220 reports from businesses flagging obstacles across laws, decrees and circulars.
The establishment of a free trade zone in Đồng Nai is expected to boost trade, investment and jobs, while contributing to developing an ASEAN logistics hub.
The Ministry of Industry and Trade will strengthen the effort on fighting waste to resources for sustainable and a breakthrough economic development in the new era, Deputy Minister Nguyễn Sinh Nhật Tân said at a forum held by Công Thương...
From 2024-25, the Ministry of Finance (MoF) will reduce and simplify administrative procedures relating to six lines of business under the ministry''s management.
Regarding public finance, reform efforts should focus on increasing revenue and reducing regular spending to spend more on development investment, along with fighting corruption and negative phenomena.