By 2025, reduce at least 20% of the costs of regulatory compliance in business

Le Hai

14:27, 10/07/2024

the Government of Vietnam has just issued Resolution 68/NQ-CP Promulgating the program for reducing and simplifying regulations related to business activities for the period of 2020 - 2025.

The objectives to be achieved in this Program are specifically as follows:

- For the period from 2020 to 2025, reduce and simplify at least 20% of the regulations and cut down at least 20% of compliance costs related to business activities in the texts currently in effect until May 31, 2020; minimize the number of current documents with regulations related to business activities under the jurisdiction of the Minister, heads of agencies at the ministerial level, the Prime Minister of the Government of Vietnam, the Government of Vietnam;- Strictly control the issuance of documents with regulations related to business activities based on legal regulations; prevent the emergence of unnecessary, unreasonable, unlawful regulations that cause difficulties for the business activities of enterprises and individuals.

For details, see Resolution 68/NQ-CP issued on May 12, 2020.

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