Business environment improvement requires concrete targets

Improving business environment and national competitiveness requires specific targets and solutions, stressed PM Nguyen Tan Dung at the Cabinet’s meeting held on Mar 1.

In this spirit, the Cabinet members deliberated on a draft resolution on key tasks and solutions to improve business environment and national competitiveness in 2015, which will detail assignments of each ministry, agency and locality.

Specifically, the Government planned to reduce time required for tax payment down to 121.5 hours from the current 247 hours and the time required for social insurance premium payment to 49.5 hours from the current 235 hours.

By the end of 2015, the time required for carrying out customs procedures for exports and for business establishment is expected to be 13 days and six days, respectively. Businesses can access to electricity within 36 days instead of the current 70 days.

Read more …

Business environment improvement requires concrete targets, VIR, Mar 2, 2015

Government sets metrics to improve business conditions and national competitiveness in Resolution 19/NQ-CP/2014, Mar 18, 2014

 

 

About the author  ⁄ AmCham Vietnam

AmCham is an independent association of companies with the objective of promoting trade and investment between Vietnam and the U.S. With two chapters, one in Ho Chi Minh City and one in Hanoi, our membership of 700 companies and 1,500 representatives is unified by a commitment to promote trade and investment between Vietnam and the United States.

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