ACAPR proposes measures to reduce expenditures for enterprises

Nov 8th at 07:49
08-11-2017 07:49:45+07:00

ACAPR proposes measures to reduce expenditures for enterprises

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.

bizhub



NEWS SAME CATEGORY

ACAPR proposes measures to reduce expenditures for enterprises

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

CSOM opens APEC 2017 Economic Leaders’ Week in Da Nang

The Asia-Pacific Economic Co-operation (APEC) bloc has achieved several positives at a challenging time, including convergence on a wide range of issues, Deputy...

South’s EPZs, IZs to go hi-tech, green

It is critical for export processing zones (EPZs) and industrial zones (IZs) in HCM City to renovate towards high-technology and green development to help enhance...

More SoEs set for equitisation process

Ministries have approved the restructuring plans of additional State-owned enterprises (SOEs), with the latest including the Vietnam Mobile Telecom Services One...

VN consumer wariness could impede e-commerce

Alibaba group Chairman Jack Ma said on Monday that deep-seated hesitation among Vietnamese consumers could hamper mobile payment development in the country.

Four Vietnamese entrepreneurs to attend APEC CEO Summit

Four leaders of Viet Nam’s large corporations have been invited to participate in the APEC CEO Summit 2017, being held from November 8 to 10 in the central city of...

CSOM opens 2017 APEC Economic Leaders’ Week

The 2017 APEC Economic Leaders’ Week, hosted by Viet Nam, commenced in central Da Nang City Monday with the opening session of the two-day Concluding Senior...

Strategies to win in Viet Nam

As Viet Nam continues to expand into a regional and global powerhouse, more and more businesses will decide to enter the market. Dinh Thi Quynh Van covers the key...

VN-China trade fair in Lang Son

The Viet Nam-China Trade Fair 2017 is underway at Lang Son Trade Fair Centre in the northern province of Lang Son.

APEC 2017: Asia-Pacific youth to discuss contributions to post-2020 vision

The APEC Voices of the Future (VOF) forum will take place in the central city of Da Nang and Quang Nam Province on November 6-10 within the framework of the APEC...


MOST READ


Back To Top