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.
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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