On 11th, October 2018, the Ministry of Industry and Trading issued Decision No. 3720/QD-BCT promulgating the plan for cutting and simplifying business investment conditions following the regulation of MOIT in 2019-2020. This Decision will come into force from the issued date.
Accordingly, Decision No. 3720/QD-BCT promulgating the plan for cutting and simplifying business investment conditions following the regulation of MOIT with the criteria and principles, as follows:
1. About the citeria:
– Current legal documents;
– Requirements of state management and the effectiveness’ s assessment to investment and business conditions of state management;
– Actual practice in the past time;
– The problems and obstacles in the implementation process;
– Comply with international commitments.
2. About the principles:
– Continue reviewing the industries, occupations and business investment conditions following the regulation of the Ministry of Industry and Trade;
– Review business conditions according to the principles of Decision No. 3610a / QD-BCT dated September 20, 2017;
– Review and reduce business investment conditions in the 2019-2020 period.
In conclusion, with criteria and principles above, MOIT is trying to reduce business conditions hard that do not suit for now, thereby reducing the pressure an administrative procedures for individual and organization when they participate in business activities following the regulation MOIT.