Finance ministry to remove bottlenecks for private businesses

MoF to remove bottlenecks in business conditions for private businesses

The work is to protect property rights, freedom of business, and equal competition for the private sector, and ensure the enforcement of contracts for private businesses.

To participate in this process, the Vietnam Chamber of Commerce and Industry (VCCI) is responsible for requesting enterprises and associations to provide information and opinions on inadequacies, obstacles, and/or overlaps in the implementation of laws related to investment, production, business, contract conclusion, and execution.

These obstacles include overlapping, inconsistent, unclear, or impractical regulations; unreasonable business conditions and administrative procedures that generate compliance costs and hinder business operations.

The VCCI requests that businesses submit their proposals before May 20 so that they can be compiled and reported to the MoF in time.

Besides that, departments and agencies under the MoF must prepare and submit reports on the situation and preliminary results of the overall review for consolidation before June 10, and simultaneously complete the official report on the overall review results before October.

The Legal Department leads the preparation of the preliminary report on the overall review results of the MoF, to be completed before July 10.

For thematic reports, the evaluation and preparation of the reports will be carried out in two steps, with the preliminary report completed before July 25 and the official report completed before November 20, ensuring the overall consolidation progress from central and local agencies.

Vietnam, India seek deeper cooperation in finance, technology and infrastructure On May 6, in New Delhi, as part of the state visit to India by General Secretary and President To Lam, Vietnamese Minister of Finance Ngo Van Tuan held bilateral talks with Indian Finance Minister Nirmala Sitharaman.

Ministry of Finance tightens fiscal discipline amid global pressures Facing mounting inflation, trade and investment pressures, the Ministry of Finance is stepping up institutional reforms, tightening fiscal discipline and accelerating policy action to safeguard growth momentum and macroeconomic stability.

Vietnam moves to repeal inter-agency scrap import regulation Vietnam’s Ministry of Finance is proposing to repeal a key inter-agency scrap import regulation as environmental rules mature, and the government pushes to simplify overlapping administrative procedures.

FDI in first four months rises over 35 per cent on-year A report released on May 13 by the Foreign Investment Agency under the Ministry of Finance said Vietnam remains an attractive destination for foreign investors amid the ongoing relocation, restructuring, and diversification of global supply chains.

FDI a crucial component to double-digit growth Foreign investment is considered a crucial component contributing to the economic prosperity, especially the realisation of double-digit growth across 2026-2030.