258 Administrative Formalities Simplified: Saving of over VND6,000 Bln Yearly

According to the review of 256 administrative formalities, the simplification of the formalities can save over VND6,000 billion a year, said Minister Nguyen Xuan Phuc, Head of Administrative Reform Team, on March 1, at the meeting of ministries and agencies on reviewing Project 30 (simplification of administrative formalities in 2007-2010).

 

According to the Team, the review has been completed and submitted to the government and Prime Minister for decision to simply 256 formalities to create more favourable business environment and save expenses for the people and businesses. The simplification plan was prepared on the basis of consultation with related ministries, agencies as well as Administrative Reform Consultative Council.

 

According to Minister Nguyen Xuan Phuc, the benefit will be much bigger with the simplification of remaining 5.400 formalities saving ten thousand billion of VN Dong a year if there is a more active plan ensuring State management as well as favourable conditions for businesses.

 

In the process of simplification, several ministries and agencies themselves proposed the reduction of administrative formalities in their areas, notably Ministries of Finance, Transport, Natural Resources and Environment, Labour, Invalids and Social Affairs. Ministry of Finance set the record with 1/3 of formalities (86/256) relating to taxation and customs concerning 300,000 enterprises.

 

Finance Ministry has also ensured high quality of the review and if approved will save VND2,100 billion a year for the people and businesses.

 

In 2010, Project 30 will review remaining 5,400 administrative formalities and propose to the government to cancel or simplify them.

 

The objective of ministries and agencies is to complete the review by the end of March 2010 and plan to cut 30 & of the expenses for administrative formalities.