Monday, November 19 2018

VietNamNews

Bình Dương shortens duration of business registration

Update: April, 13/2018 - 15:00
The entrance of Việt Nam Singapore Industrial Park (VSIP) in Bình Dương Province. — Photo ndh.vn
Viet Nam News

HÀ NỘI — The southern province of Bình Dương will shorten the time for enterprises to start up their business in a bid to improve the province’s investment and business environment, said Trần Thanh Liêm, provincial People’s Committee (PPC) chairman.

Specifically, the committee will process enterprises’ application for business certificates in a maximum of two working days. It will also reduce by half the time for granting investment registration certificate as well as link the tax, labour and insurance procedures.

According to Liêm, to reduce the legal compliance costs for enterprises, the committee will review, cut and simplify administrative procedures; reduce some kind of charges and eliminate some unnecessary fees as well as publisise 100 per cent of the procedures related to business registration and investment and the planning of the province on the website.

In the first quarter of 2018, the province had 788 newly established businesses, with a total registered capital of more than VNĐ7.91 trillion (US$347 million). Of this, 755 were domestic enterprises, with a total capital of nearly VNĐ4.47 trillion, and 33 were foreign direct investment ones, with a total capital of over VNĐ3.44 trillion. — VNS

 

 

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