link ae888

Vietnam to evaluate business reform results

For the first time, Vietnam plans to announce differences between business rules before and after removals or simplifications to evaluate the efficiency of reform efforts.
Vietnam to evaluate business reform results ảnh 1Public services centre of Vinh Phuc province (Photo: VNA)
Hanoi (VNS/VNA) - For the first time, Vietnam plans to announcedifferences between business rules before and after removals or simplificationsto evaluate the efficiency of reform efforts.

The idea was proposed in a draft for a Government resolution on improving thebusiness climate and national competitiveness which the Ministry of Planningand Investment recently published for comment.

The draft said comparisons between business prerequisites before and afteralterations as of the end of 2019 must be made public within the first quarterof  2020.

According to Nguyen Minh Thao from the Central Institute of EconomicManagement, who was in charge of compiling the resolution, many ministriesreported they had been aided by the removal and simplification of businessrules.

However, Thao said several removals and simplifications did not make thingsbetter.

For example, Thao pointed out that in labour safety evaluation, before reforms,licences were granted by the Ministry of Labour, Invalids and Social Affairs,but now involved by ten ministries.

“If we don’t have comparisons – a comprehensive look, we could hardly evaluatewhether the reforms are good or not,” Thao said.

Despite significant efforts and improvements in recent years, Vietnam’sbusiness climate and competitiveness remains relatively low at fifth in ASEAN.

In ASEAN, Vietnam comes after Singapore (which ranks second in the world),Malaysia (12th), Thailand (21st) and Brunei (66th).

The draft targets Vietnam jumping by five to seven spots in the ranking of theWorld Bank about ease of doing business next year from the current 70thposition.

Thao said this would be not easy because no any economies stand still.

In the 2019 ranking, Vietnam earned higher scores but lost one spot becauseother economies moved faster.

Thao said the draft would raise a number of detailed measures to improve thebusiness climate, focusing on improving the country’s rankings of indicatorslike starting a business, paying taxes, dealing with construction permits,getting credit and protecting minority investors.

Focus will be placed on completing the draft Law on Enterprise, promotingonline public services and cashless payments.

Thao said the success of the resolution would be evaluated by enterprises andinvestors.

Prime Minister Nguyen Xuan Phuc said at a meeting with enterprises early thisweek that the resolution would be issued soon./.
VNA

See more

A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

💦 Phu Tho emerges as FDI magnet following mergence

In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

🧸 Maximum fine of 3,000 USD proposed for violating invoice regulations

Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

🦄 Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
A local resident makes a bank transfer using the Momo app. (Photo: VNA)

ꦕ Banks accelerate digitalisation, non-cash payments

Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|