TO PROMULGATE THE ACTION PROGRAM TO REDUCE COSTS FOR ENTERPRISE
On November 9, 2018, the Government Resolution No. 139/NQ-CP on promulgating the Action Program to reduce costs for enterprise.
According to this Resolution, the General objective toward 2020 is to thoroughly reduce unreasonable costs of complying with the law on business, repel and prevent acts that give rise to informal costs for enterprises; to create a low-cost, stable business environment; to encourage investment, market entry and competition.
To be specific:
- To reduce and simplify unnecessary business conditions;
- To reduce and simplify regulations on investment, land, construction, tax;
- To publicize 100% of inspection and examination activities and handling results on the websites of competent agencies;
- To reduce the tax and social insurance costs of enterprises under the Business Environment Index to the average level of ASEAN 4.
This Resolution takes effect on November 9, 2018.
