During a dialogue in Hanoi on July 17 between the Prime Minister’sAdvisory Council for Administrative Reform and the Korean business community inVietnam, Dung said since the beginning of this year, the Government has cut down239 business conditions, raising the total to almost 3,900 out of nearly 6,200.
The Government of Vietnam also slashed 6,776 out of 9,926 administrativeprocedures, as well as 30 out of 120 specialised administrative procedures.
In particular, the Government also issued DecreeNo.45/2020/ND-CP on handling administrative procedures on electronic platform,cutting and simplifying at least 20 percent of regulations and 20 percent ofcosts related to business operations during the 2020-2025 period.
Together with the opening of the National Reporting Centreon August 15, the 1,000th public service related to motorbike andautomobile registration is expected to be launched on the national publicservice portal, he said.
Korean Ambassador to Vietnam Park Nok-wan, for his part,suggested that the council should soon build a mechanism to normalise bilateralexchanges following the pandemic, assist key staff in entering Vietnam forwork, shorten quarantine time, and minimise red tape.
He proposed the Government extend the support time forbusinesses and improve protection role of Vietnamese trade agencies.
Expressing his belief that the wave of Korean investment inVietnam will heat up soon, Park urged Korean firms to actively devise theirstrategies to meet demand.
The ambassador proposed holding the dialogue two times ayear in the near future as the two countries will celebrate the 30th founding anniversary of diplomatic ties in 2022.
Korean enterprises attending the event also offeredsuggestions regarding the double taxation avoidance agreement, exports-imports,logistics, administrative reform, fast-track service for immigration, amongothers.
Representatives from ministries and agencies answered questionsand introduced resolutions on tackling difficulties for production and trade,disbursement of public investment capital and ensuring social safety amidCOVID-19.
A bilateral cooperation plan post-COVID-19 was also tabledfor discussions, with a focus on official development assistance used for ruraldevelopment, education, smart city building, transportation, policymaking andbuilding of a Vietnam – Korea industrial park.
According to the General Statistics Office, there were over62,000 newly-established enterprises and 25,200 others resumed operations inthe first half of this year.
The RoK is now the biggest foreign investor in Vietnam,creating jobs for over 700,000 workers nationwide.
International experts forecast that the Vietnamese economycould grow by 2.7-4.9 percent this year./.