(VOVworld) –Tax reforms have reduced 78 percent of the average time consumption on tax procedures and saved over 330 million USD for tax payers.

Vietnam eliminated 63 procedures and simplified more than 260 others by applying information technology. (Photo: VNA)

The news was released at a workshop entitled “Improving the Business Environment through Tax Reforms”, co-organized by the United States Agency for International Development (USAID) and the General Department of Taxation in Hanoi on Tuesday.  Nguyen Quang Tien, Deputy Head of the Reform and Modernization Division under the General Department of Taxation, said Vietnam eliminated 63 procedures and simplified more than 260 others by applying information technology. Tax reforms help improve Vietnam’s competitiveness significantly.