Simplification of nine investment-related administrative procedures proposed

According to the Department of Planning and Investment, from the beginning of the year to September 28, specialized divisions and units of the department jointly reviewed and assessed 33 administrative procedures under the jurisdiction of the provincial authorities.

After reviewing, the department proposed simplification of nine administrative procedures in the field of investment in Vietnam under the jurisdiction of the provincial People's Committee.

As preliminarily calculated, after reduction of document components, the cost of implementing these administrative procedures will drop by 7 – 13%.

The administrative procedures proposed for simplification include adjustment of the investor approval document; adjustment of an investment project in case the investor transfers part of or the whole project; adjustment of an investment project in case the investor accepts the transfer of an investment project which is the collateral for the project; adjustment of an investment project in case of division or mergence of investment projects; etc.

NGUYEN LAN