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Chambers of commerce join hands for cutting red tape
The Viet Nam Chamber of Commerce and Industry (VCCI) and the European Chamber of Commerce in Viet Nam (Eurocham) agreed to foster co-operation in administrative procedures reform and boost business competitiveness, following an agreement inked between the two sides on Monday.
The co-operation between the two chambers was expected to improve the Vietnamese business environment in a move to better facilitate both domestic and foreign enterprises.
Under the two-year partnership agreement, Eurocham would supply VCCI with technical and financial assistance in administrative procedure reform.
The agreement would create more opportunities for experts and businesses to suggest how administrative procedures should be effectively improved, said VCCI vice chairman Pham Gia Tuc.
Through the Advisory Council of the Government's Administrative Procedures Reform Project or Project 30, Eurocham has made suggestions in a number of sectors in Viet Nam including tax, customs, pharmaceutical and retail. Project 30 is a plan to substantially reduce the costs and risks of administrative procedures via the simplification or abolition of unnecessary procedures.
Under Project 30, ministries and Government agencies reviewed 5,500 procedures, and proposed to eliminate 453, replace 288 and amend 3,749 to make things easier for citizens and businesses.
They estimated most ministries and agencies had met requests to cut the costs of administrative procedures by 30 per cent, equal to VND30 trillion (US$1.58 billion) per year.
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