The Ministry of Industry and Trade announced a reduction of 675 conditions for investment and business
On 20/9/2017, Minister of Industry and Trade Tran Tuan Anh signed the Decision No. 3610a / QD-BCT promulgating the plan of reducing and simplifying the investment condition and business in the field of state management of the Ministry of Industry and Trade for the period 2017 – 2018
According to this decision, 675 business conditions were reduced. This figure was announced by the Ministry of Industry and Trade after more than two weeks that the units undertook a review of the reduction and simplification of investment conditions in the Ministry of Industry.
Accordingly, after the cut, the number of remaining conditions was reduced to 541 instead of the initial estimate of 752 conditions. This is the cut of unprecedented business conditions in the history of industry and trade with the largest number of business investment conditions ever cut.
Of the 27 industries under review (excluding the automobile manufacturing and importing industry as the 28th sector), there are 10 industries that do not propose to reduce: Business occupations involving the use of industrial explosive materials and explosive pre-substances; Blasting service; Rice exports (this area has been proposed to be simplified by removing the requirement for scale in each condition and instead applying the standard); Temporary import and re-export of goods with special consumption tax; Temporarily importing and re-exporting goods on the list of used goods; Mineral business; Trading activities of goods and merchandise of FDI enterprises; Petroleum operations; Energy audit, technical inspection of labor safety of machines and equipment with strict requirements on labor safety; Manufacturing and processing military uniforms for foreign armed forces.
The remaining 17 business lines proposed to reduce include: gasoline; gas; explosive pre-substance; chemistry; alcohol; cigarette; food; electricity; Temporary import for re-export of frozen food; Franchising; logistic; industrial precursors; Commodity Exchange; commercial inspection; Multilevel; ecommerce; Industrial explosive materials (including disposal operations).
Mr. Dau Anh Tuan, Head of Legal Department, Vietnam Chamber of Commerce and Industry (VCCI), said that this is just a proposed reduction not decided. Because, business conditions are many in the decree, under the authority of the Government. The Ministry of Industry and Trade only proposes to the Government for amendment and supplement only. And the roadmap to revising and cutting back takes time. “Most importantly, the Ministry of Industry and Trade must protect this process,” Mr. Dau Anh Tuan said.
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