PM instructs to cut half business starting, dissolving time

The Prime Minister has instructed the Ministry of Planning and Investment to cut short business registration and dissolving time by 50 percent compared to the current average time in the revised enterprise law.

He instructed completion of the revised law before December 31, according to an announcement from the Government Office.

The ministry should conduct overall examination over the revised law to abolish unnecessary procedures, which have caused difficulties and inconveniences for businesses.

The dissolving process must be clear facilitating business withdrawal from the market and a national database on business registration should be quickly accomplished.

By Ng.Quang – Translated by Hai Mien

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