Ministry of Industry and Trade issues plan to reduce business investment conditions

Photo caption — Illustration photo: Tran Viet/VNA

The purpose of the plan is to ensure the goal of reducing at least 30% of unnecessary business conditions under the state management of the Ministry of Industry and Trade in legal documents currently in effect and in draft legal documents expected to be submitted and issued in 2025. It also inherits other goals in Decision No. 1362/QD-BCT dated June 5, 2024 of the Minister of Industry and Trade promulgating the Plan to develop a plan to reduce and simplify regulations related to business activities under the management scope of the Ministry of Industry and Trade in 2025.

The reduction and simplification of investment and business conditions under the management of the Ministry of Industry and Trade must ensure the continuation of the principles in Decision No. 1362/QD-BCT. Continue to inherit the results of the plan to reduce and simplify regulations related to business activities under the management of the Ministry of Industry and Trade in 2025 submitted to the Prime Minister in Document 9414/TTr-BCT dated November 20, 2024 on the approval of the plan to reduce and simplify regulations related to business activities under the state management of the Ministry of Industry and Trade.

Regarding implementation criteria, it is necessary to review and abolish investment and business conditions of industries and trades that are not on the list of conditional investment and business sectors and trades as prescribed by the Investment Law. At the same time, review, evaluate and propose options to abolish or narrow the scope of conditional investment and business sectors and trades that do not meet the provisions and criteria of the Investment Law.

In addition, review and propose solutions to abolish unnecessary and illegal business investment conditions applied in the form of licenses, certificates, certifications, confirmation documents, and approval documents; or simplify unreasonable business investment conditions by reducing the number of subjects subject to compliance, frequency of implementation, and extending or abolishing the validity period of the above documents.

Specifically, the state management units under the Ministry shall take the lead in seriously and substantially reviewing and proposing plans to reduce/abolish at least 30% of unnecessary business conditions in each field under their management based on the inheritance of the 9414 reduction plan sent to the Legal Department for synthesis. The proposed plan sent to the Legal Department must ensure that there is a basis and reason for the reduction; the calculation of compliance costs must accurately reflect the goal of reducing at least 30% of business costs (compliance costs); propose legal documents that must be adjusted, amended, and supplemented to implement the plan and estimate the implementation progress.

State management units under the ministry assigned to preside over the drafting of legal documents in 2025 shall proactively review the dossiers proposing the drafting of Laws, draft Laws, dossiers proposing the drafting of Decrees, draft Decrees assigned to the Ministry of Industry and Trade to preside over the drafting to ensure continued reduction/abolition of unnecessary business investment conditions, and at the same time, no new requirements for business investment conditions arise in these projects and drafts.

The Legal Department conducts independent assessments based on available information sources and reports, including: Directive documents of competent authorities; industry management practices; feedback from citizens, businesses, associations, media agencies, press and other sources of information and reports; synthesizes proposals from state management units under the ministry and develops plans to reduce and simplify investment and business conditions within the scope of management functions of the Ministry of Industry and Trade; reports to competent authorities as prescribed. If necessary, the Legal Department organizes seminars, conferences and workshops to collect opinions from experts, scientists, citizens, businesses and related organizations and individuals.

The Ministry of Industry and Trade assigns the Legal Department to monitor and urge the implementation of the plan and propose emulation and rewards; the Department of Organization and Personnel and the Legal Department coordinate to consider emulation and rewards; the Department of Planning, Finance and Enterprise Management and the Ministry's Office ensure funding for implementation according to regulations.

Source: https://doanhnghiepvn.vn/kinh-te/bo-cong-thuong-ban-hanh-ke-hoach-cat-giam-dieu-kien-dau-tu-kinh-doanh/20250415062113736