Finance Ministry to reduce, simplify 193 business conditions

The Ministry of Finance has proposed reducing and simplifying 193 business condition lines in seven areas of insurance, stocks, price, customs, auditing, finance-banking and tax. The ministry has planned to eliminate 99 conditions and simplify 94 conditions as followed:

No.

sectors

Total business conditions

Number of conditions to be eliminated

Number of conditions to be simplified

Number of reduced, simplified conditions

1

finance-banking

64

14

15

29

2

customs

31

01

15

16

3

stocks

148

38

40

78

4

insurance

54

21

07

28

5

accounting-auditing

50

17

02

19

6

price

21

07

14

21

7

tax

02

01

01

02

Total

370

99

94

193

Trade Ministry slashes more administrative procedures

Minister of Industry and Trade Tran Tuan Anh has signed a decision to simplify a wide range of administrative procedures and business conditions in 10 sectors in 2018.

This is the third time the Minister has inked a Decision to reduce and eliminate administrative procedures to facilitate enterprises. 

12 procedures are eliminated and 42 ones are simplified in 10 sectors including trade promotion (nine administrative procedures and business conditions), food safety (eight ones), exports-imports (seven ones), commodity exchanges (three ones), measurement standards (nine ones) and competitiveness management (seven ones). 

Other sectors consist of safety technology (five ones), wine business (two ones), energy (three ones) and electricity (one). 

Earlier, in December 2016, as many as 123 administrative procedures were simplified and eliminated among 443 administrative procedures under the charge of the ministry. 

In 2017, the ministry reduced and simplified 183 procedures out of 451 current procedures. 

VGP 

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