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...
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.
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.
Under VCCI''s proposal, administrative fees should be cut by half for online services with low levels of usage and be abolished for those with very low levels.
Tax procedures posted the highest score among nine groups of key administrative procedures rated by the report Administrative Procedure Cost Index 2022 (APCI 2022).
The proportion of enterprises benefiting from the COVID-19 support policies to the total number of enterprises having access to them was 72 per cent and 76.3 per cent, respectively, said a report.
This information is included in the report Administrative Procedure Cost Index 2022 (APCI 2022) prepared by the Government’s Advisory Council for Administrative Procedure Reform with the support of USAID Linkages for Small & Medium Enterprises (USAID LinkSME).
Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VND3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report.
A recent report by the National Private Economic Development Research Board under the Government''s Advisory Council for Administrative Procedure Reform showed that enterprises faced unprecedented difficulties in rising global uncertainty.
A finance ministry official on December 24 asked the customs sector to exert every effort to surpass the target of VND315 trillion (US$13.6 billion) in State budget collection in 2021.
It aims to diversify its investment promotion efforts, including by holding regular meetings and interactions with large domestic and international companies to apprise them about its potential and investment climate.