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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
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28.9 C
Ho Chi Minh City
Tuesday, April 8, 2025

Nearly 10 hours needed for each business inspection in 2022 – report

The Saigon Times

Must read

HCMC – Each company inspection last year required an average of 9.8 hours and a cost of VND1.8 million, according to the Administrative Procedure Cost Index 2022 (APCI 2022) report.

The most time-consuming phases were file preparation and product quality testing, which took 1.8 hours and 3.4 hours on average, respectively.

The lengthy work was attributed to the lack of standardized procedures in administrative management among relevant agencies and technical glitches in the Vietnam National Single Window platform, according to local businesses.

The score for business inspection procedures ranked last among all categories in the report.

Meanwhile, there were improvements in investment approval procedures, with the average score increasing by 4.9 points compared to the APCI 2021.

Still, 4.7% of the 3,092 surveyed enterprises reported paying informal charges to carry out the required procedures for investment approval.

The report was compiled by the Government’s Advisory Council for Administrative Procedure Reform with the support of the U.S. Agency for International Development’s Linkages for Small and Medium Enterprises (USAID LinkSME).

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