The changes are expected to reduce compliance costs by about VNĐ175 billion (US$6.7 million) annually and save around 7,500 hours of administrative processing each year, according to the draft law.
The collaboration with technology platforms and tourism business sectors will bolster efforts to quickly adapt and take advantage of digital transformation effectively.
The Ministry of Planning and Investment has proposed to remove 21 conditional business sectors, including rice export, logistics and debt trading service.
The production and business sectors paid VND235.5 trillion (US$11
billion) in tax in the first eight months this year, jumping 14.6 per
cent from last year''s figure, according to the Taxation Department.