HCMC – The Ministry of Industry and Trade has proposed reducing 19 administrative procedures related to import and export to streamline processes, aligning with Resolution 68/2020.
The proposal focuses on simplifying procedures for foreign traders without a presence in Vietnam, aiming to ease the burden on businesses, according to the Vietnam News Agency.
Several procedures are planned to be decentralized from the ministerial level to the departmental level to shorten processing times. The ministry has also suggested amendments to Government Decree 90/2007/ND-CP and the ministry’s Circular 28/2012/TT-BCT to better align with current practices and simplify business operations.
The ministry also plans to eliminate the requirement for issuing Manufacturer Identification Code (MID) for textile exports to the U.S., as the monitoring mechanism in that country has been abolished.
The Ministry of Industry and Trade has completed and submitted a report to the Prime Minister outlining its review results. The report proposes reducing and simplifying over 10% of the regulations related to business activities by 2025.
According to the proposed plan, the ministry will reduce and simplify 67 administrative procedures and business conditions across its areas of state management, including import-export, electricity, chemicals, and other sectors.
Currently, the ministry is seeking public feedback on simplifying five business conditions and 11 administrative procedures in the alcohol and tobacco industries.
