New wave of business regulatory reform in Vietnam

(VOVWORLD) -The Government Office has announced its next 5-year program on business regulatory simplification, known as Resolution 68. 
New wave of business regulatory reform in Vietnam - ảnh 1

Minister, Head of Government Office Mai Tien Dung speaks at the press conference. (Photo: VGP)

Addressing a press briefing in Hanoi on Wednesday, Vietnam Chamber of Commerce and Industry President Vu Tien Loc hailed the program as the most comprehensive ever, reflecting the government’s determination to facilitate business operations.

He said, “Resolution 68 has numerous initiatives on business administrative procedures and business conditions. This requires amendments to existing regulations and those in the pipeline to ensure efficient enforcement. It will boost a new wave of reform in business regulations, which matter a lot in the national economy.”

The program aims to remove and simplify at least 20% of business related regulations and compliance costs.  

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