MOIT slashes half of business, investment conditions
(VOVWORLD) -The Ministry of Industry and Trade (MOIT) has decided to cut down 675 business and investment conditions, more than half of the total conditions.
The Ministry of Industry and Trade |
This is the largest number of conditions cut by the ministry so far. Prime Minister Nguyen Xuan Phuc called the move a breakthrough, which is beyond his expectations. According to Minister Tran Tuan Anh, the streamlining of business conditions to remove difficulties for businesses will be a central task of the ministry’s administrative reform. The ministry will also conduct more reviews to reduce the number of goods under specialized inspection, both before and after customs clearance.