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ACAPR proposes measures to reduce expenditures for enterprises

Update: November, 07/2017 - 13:00
The Advisory Council for Administrative Procedure Reform (ACAPR) has proposed to reduce further procedures and expenses for enterprises. — Photo tapchitaichinh.vn
Viet Nam News

HÀ NỘI — The Government’s Advisory Council for Administrative Procedure Reform (ACAPR) has proposed a number of measures to reduce procedures and expenses for enterprises.

The council has requested the State to continue cutting, reducing and simplifying specialised inspection procedures and business conditions. The State should review and reduce charges for transport, logistics, use of infrastructure and public services and facilities in the areas of ​​land border gates and seaports in some localities which have border gates.

It should continue to reduce and simplify administrative procedures in general, and reduce rates or abolish certain unnecessary charges.

According to the council, the state needs to study, abolish and simplify procedures relating to business registration stipulated in the Decree 78/2015 on registration of enterprises and to change of business license.

The state should study and simplify requirements in the process of seeking approvals for developing projects.

It needs to study and adjust regulations on the period of contributing charter capital from shareholders/investors as stipulated in the Law on Enterprises. At present, the period is 90 days from the date of issuance of the certificate of business registration. However, as most banks have strict regulations on risk management, many enterprises do not meet this requirement for 90 days to open direct investment and capital contribution accounts. — VNS

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