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| Illustrative image__Photo:VNA |
Prime Minister Pham Minh Chinh has issued an official telegram on a number of key tasks and solutions to slash administrative procedures and business costs by at least 30 percent and remove 30 percent of unnecessary business conditions.
According to Telegram 22/CD-TTg of March 9, 2025, the Governmental leader requested ministries, agencies, and localities to focus on thoroughly reviewing, reducing, and simplifying regulations and administrative procedures related to investment, production, business activities, and citizens' daily lives; and conduct business-related procedures online.
Ministries, agencies, and localities, according to their assigned functions and tasks, must strictly adhere to administrative discipline and order; create a strong shift in working styles and conduct; proactively perform their assigned tasks with the highest sense of responsibility; promptly detect and strictly handle acts of harassment, corruption, and negative behaviors, says the telegram.
Extra efforts are needed to address the difficulties and recommendations from businesses that have been documented in the Conclusion Notices from permanent cabinet members and the PM in separate meetings and working sessions with state-owned, private, small and medium-sized, and foreign-invested enterprises by March 2025.
In the telegram, the cabinet leader also urged the implementation of concerted, drastic, and breakthrough solutions to develop science and technology, innovation, digital transformation, and high-quality human resources.
The Ministry of Science and Technology was assigned to increase investment in science and technology; research and propose mechanisms and policies to attract and retain highly skilled experts, both domestic and foreign, for Vietnam's science-technology and innovation; and speed up the formation and development of digital technology enterprises.
The PM also requested the continued extension and reduction of taxes to facilitate business operations, promote the development of the private sector, and mobilize resources for investment and development.
The Ministry of Finance was tasked with researching and proposing the expansion of the tax reduction scope, including reducing value-added tax for the last six months of 2025 and for 2026, and report to the Government no later than March 15.
The PM suggested further implementing a decisive credit policy aimed at reducing the lending interest rate level; encouraging foreign banks to participate in the process of solving bad debts and restructuring poor-performing credit institutions, and boosting investment in Vietnam.- (VLLF)
