Streamlined investment procedures are proposed for high-tech projects to favourable conditions for investors, according to the draft amendments to the laws on planning and investment recently made public for comments by the Ministry of Planning and Investment.
The Central Institute for Economic Management (CIEM) identified the slow reform of investment procedures as a bottleneck of the local economy amid the easing of measures after the COVID-19 pandemic.
The central city of Da Nang has been compiling simplified investment procedures to support European businesses with more transparency and a reduction in informal charges.
The Ministry of Industry and Trade (MoIT) recently cut 675 business and investment procedures, equivalent to 55.5 per cent of total business conditions, under the ministry.
HCM City Export Processing and Industrial Zone Authority (Hepza)
is compiling an investment handbook in different languages to provide
businesses with necessary information on local investment procedures.
The central Thua Thien Hue Province has made calls for further
investment in a wide range of projects, with promises of incentive
policies and smoother investment procedures from the local authorities.