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- 19 / 05 / 2018 -
Major targets to improve the business environment, enhance national competitiveness

On May 15, 2018, the Government issued Resolution No.19/2018/NQ-CP stipulating the continuation of major tasks and solutions to improve the business environment, enhance competitiveness. the year 2018 and the following years. This Resolution took effect from the date of its promulgation.

Accordingly, Resolution No.19/2018/NQ-CP provides details on the change of competitive environment of the 25 functional agencies in terms of improving their competitiveness, in which the tasks of the Ministry of Planning and Investment are as follows:

  1. To assume the prime responsibility and coordinate with the Ministry of Finance, the Ministry of Labor – Invalids and Social Affairs, the Vietnam Social Insurance and concerned agencies in improving the index of business start-ups strictly forward set target;
  2. To propose at least 50% reduction of information disclosure fee;
  3. To assume the prime responsibility and coordinate with the concerned ministries and agencies in drafting the Law on amending and supplementing a number of articles of the Investment Law and the Enterprise Law by June 2019;
  4. To assume the prime responsibility and coordinate with the Ministry of Justice, the Government Office and concerned ministries, reporting to the Government for submission to the National Assembly Standing Committee of the list of business lines which have been excluded from the list of conditional business lines;
  5. To assume the prime responsibility and coordinate with the Supreme People’s Court to publish information on bankruptcy cases and the list of creditors at the National Business Information Portal.

Thus, it can be seen that Resolution No.19/2018/NQ-CP introduced the orientation to reduce the business conditions as well as the fee in information disclosure activities of enterprises, thereby expanding the rights of business freedom, enhance competitiveness and attract investment capital into Vietnam.