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Official Gazette

Tuesday, May 21, 2019

Country in search of top ten regulations

Updated: 11:49’ - 23/12/2015
The Vietnam Chamber of Commerce and Industry (VCCI) and the Restructuring for a more Competitive Vietnam (RCV) Project on December 22 launched a workshop to figure out 10 best and 10 worst business regulations of the country.

VCCI and the RCV Project on December 22 launched a workshop to find 10 best and 10 worst business regulations__Photo: Thao Nguyen/

Addressing the workshop, VCCI Chairman Nguyen Tien Loc said the business community’s voting for regulations issued in the recent past would help praise regulations and policies that have positive impacts on enterprises, and at the same time propose annulment of regulations and policies that obstruct production and business activities of enterprises and negatively impact the business climate of Vietnam.

Loc said the launch also aimed to seek recommendations of the business community for improving criteria for legal assessment and help raise the quality of business regulations, such as reducing compliance costs, limiting barriers to market access, practicing non-discrimination, and minimizing corruption risks.

The voting is expected to link the “voice” of enterprises and help them take a more proactive and confident part in the policy- and law-making process and become more prudent in issuing policies and laws, said Dau Anh Tuan, Head of the VCCI’s Legal Department.

To-be-voted regulations include legal documents remaining effective and issued between January 1, 2014, and December 31, 2015, which are related to enterprises and business activities.

As scheduled, the organizer will collect opinions from 384 Vietnamese enterprise associations at central and provincial levels, as well as other 29 foreign enterprise associations nationwide. The associations may also recommend their favorite regulations by January 22, 2016.

The Expert’s Council will select 30 best and 30 worst regulations for further voting of the 10 best and 10 worst ones. It is expected to announce the selected regulations in April next year.- (VLLF)

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