Province the third to make commitments with VCCI.
The Thanh Hoa People’s Committee committed to making improvements to its business and investment environment with the Vietnam Chamber Commerce and Industry (VCCI) on May 31.
Firstly, leaders in agencies of local authorities must take responsibility for issues facing enterprises and investors and be flexible in resolving problems.
Secondly, the Committee will cooperate with VCCI to organize annual meetings between local authorities and enterprises to understand and immediately resolve any and all difficulties. The meetings will also ensure that enterprises are aware of all new policies and guidance.
Thirdly, the province will provide information every month to enterprises on the province’s plans, especially land use plans.
Fourthly, the province will build e-government and encourage enterprises to conduct all administrative procedures online. It commits to making strong reform in administrative procedures such as business registration, tax, and customs.
Fifthly, the province will reduce the time needed for processing administrative procedures by 30 to 50 per cent compared to standard times. The time for issuing construction permits and related procedures is to be less than 77 days.
In particular, the time taken for business registration will be reduced by 30 per cent compared to the provisions of the Law on Investment. The time taken to complete procedures to establish enterprises, validate the company seal, and register the bank account information of enterprises will be cut by 50 per cent compared to current stipulations.
Sixthly, enterprises will have more support from the province, especially in improving human resource quality, technology, and scientific application.
Finally, the province will enhance the professional capacity and responsibility of provincial staff to better support enterprises.
Under a direction from the Prime Minister, by the third quarter all cities and provinces must make commitments with VCCI to support enterprises. Thanh Hoa is the third to do so, after Hanoi and Ho Chi Minh City.
- Thanh Hoa
- investment incentive