Administrative reform on investment promoted

 The Government chief pointed out the inefficient management and slow administrative reform in business establishment and dissolution, particularly the inconsistent legal system on investment and business.

According to PM Dung, the unperfected one-stop-shop mechanism has made ministries and agencies apply differently, leading to complicated and prolonged administrative procedures, negative behaviors, and obstacles to investment attraction.

PM Dung proposed ministerial and sectorial leaders put forth specific measures to perfect the legal system on investment and business, particularly robustly reforming administrative procedures; removing hindrances on investment environment; reforming procedures on market accession, implementation of investment projects and facilitating business operation of all economic components.

The MoIP reported that since 2007, it has worked with the Ministry of Finance and the Ministry of Public Security to conduct the one-stop-shop mechanism on business registration, tax registration and other related procedures relating to seals of businesses.

In 2010, the national business registration system was established, aiming to create fundamental, drastic changes on the field.