Thursday, January 23, 2025 7:45:59 AM - Markets closed
VN-INDEX 1,242.53 -3.56/-0.29%
HNX-INDEX 220.67 -1.01/-0.46%
UPCOM-INDEX 93.08 +0.24/+0.26%
Nearly 70 trade-related administrative procedures to be removed, simplified
vietnamnews - 9/5/2024 8:58:46 AM
 (0 ratings. You must sign in to rate.)
The Ministry of Industry and Trade on Tuesday proposed to the Government that 69 business conditions and administrative procedures under their jurisdiction can be either cut completely or simplified next year.
 
 
Textiles are one of Việt Nam's main exports. Import-export businesses are likely to see several business and administrative procedures reduced next year. VNA/VNS Photo
 
The Ministry of Industry and Trade on Tuesday proposed to the Government that 69 business conditions and administrative procedures under their jurisdiction can be either cut completely or simplified next year.
 
The proposal was a response to the Government’s order, issued as Decree 1 and 2 in January, which aims to loosen state management of trade activities for 2025 so that Việt Nam’s business environment will improve and businesses can thrive.
 
The 69 procedures were proposed after a thorough review, accounting for 10.75 per cent of the total procedures under the ministry’s jurisdiction (642).
 
Businesses in the import-export area will likely see the highest number of administrative procedures reduced (19), followed by those in 'light' industries such as alcohol and tobacco businesses (five conditions and 12 procedures), electricity (10 conditions), automobile (eight conditions), chemistry (six procedures), industrial explosives (four procedures), gas and fuel (two conditions) and food safety (one condition).
 
Competition management authorities are also likely to see one condition and one procedure reduced for their activities.
 
The ministry has also proposed to either remove or simplify 22 legal documents related to trade management.
 
Their proposals await the Government's comments until September 10. — VNS
 
Read original article here
Newer News
22/01 Hai Phong attracts over $3.5 billion in investment in January
22/01 Czech automaker to build $500 million factory in Quang Ninh
22/01 Special investment procedures: commitments, regulations and investor responsibilities
22/01 Positive outlook for wood product exports after roaring success in 2024
21/01 Trade ministry imposes anti-dumping duty on imported steel and wind towers
21/01 2025 - Year of acceleration, breakthroughs
21/01 Customs implements environmental protection tax regulations on petrol, oil and lubricants
21/01 Small businesses struggle to trade carbon credits
21/01 New projects to generate nearly $200 million in industrial production for Ba Ria-Vung Tau
21/01 Increasing domestic consumption needed to spur economic growth
Older News
04/09 Vietnam pepper exports to top $1 billion this year
04/09 Harnessing AI for Vietnam’s economic future
04/09 Investment from Taiwan (China) is fuelling Vietnam’s high-tech industry
04/09 Vietnam targets developing green steel products
04/09 Hanoi strengthens food safety control through value chains
31/08 Australian Senate President wraps up Vietnam visit
31/08 Digital elevator media becomes important, popular advertising channel: forum
31/08 Ministry to develop project to adapt with CBAM
31/08 Chu Lai Port starts new shipping routes to India, China
31/08 Investment from Taiwan (China) is fuelling Việt Nam’s high-tech industry
 
Newsletter Signup
Top Stories
Market cautious as liquidity drops significantly
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,242.53 -3.56/-0.29%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.