Ministry's historic move eliminates hundreds of business prerequisitesVietNamNet Bridge - Half of total business and investment necessary preconditions have been eliminated under a Ministry of Industry and Trade (MOIT) decision, praised as a historic move that aims to create favorable conditions for businesses. MOIT eliminated 675 business and investment requirements, or 55.5 percent of the total preconditions for 27 business areas. MOIT eliminated 675 business and investment requirements, or 55.5 percent of the total preconditions for 27 business areas. If there is no institutional reform associated with the elimination, business conditions will be re-established in the future.Meanwhile, Lan noted that though MOIT has cut a high number of business preconditions, it still maintains over 500 others. RELATED NEWSAround 600 business conditions to be cutGov’t regulations still hindering businessesKim Chi

Source: VietNamNet News October 01, 2017 02:37 UTC