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.
Government officials and business leaders from Viet Nam and the EU discussed the challenges of doing business in Việt Nam and solutions which can help streamline procedures for international companies in a high-level dialogue on Thursday in Ha Noi.
Administrative procedures in construction sector put the highest financial burden on enterprises with estimated spending of VND64.1 million (US$2,800) to complete one procedure, said Ngo Hai Phan, director of the Government Office''s Administrative Procedures Management Department.
The central province of Thua Thien-Hue is targeting total investment of VND13 trillion (US$56 million) from enterprises this year, an increase of 20 per cent over last year’s figure.
The Government''s Advisory Council for Administrative Procedure Reform (ACAPR) has proposed a number of measures to reduce procedures and expenses for enterprises.
A board comprising senior executives of major national corporations and industry associations has been launched with the aim of understanding and removing hurdles to a greater private sector role in the national economy.
Enterprises have not benefitted from the Government''s Resolution
43/NQ-CP, issued more than two months ago to reform the administrative
procedures for investment projects that involve land use.
Businesses and economic experts brainstormed for initiatives to reform
administrative formalities in the investment sector at a recent
conference in Ha Noi, aiming for a nationwide united code of investment
procedures.