PM orders immediate announcement of conditional investment areas

VNGOVNet – Having studied the report of the Ministry of Planning and Investment (MPI) on Vietnam’s business environment in 2006 and the rating of which by the World Bank, PM Nguyễn Tấn Dũng gave on December 29, 2006 a direction in this respect.

January 05, 2007 1:47 PM GMT+7

He demanded all ministries, sectors and localities strictly observe the stipulations of the Law on Business, the Law on Investment and other legal documents regarding business establishment, investment licensing, business certificates, post-investment procedures, market entry, corporate taxation, payment and reimbursement, bankruptcy and dissolution.

The PM requested ministries concerned, under Articles 29 and 82 of the Law on Investment, to immediately publish, or submit to the Government for issuance, conditional investment areas to meet both national development needs and international commitments signed by Vietnam. They must design and approve or submit to the competent agency for approval planning schemes for these areas.

The MPI must, in collaboration with the Ministry of Finance and other relevant ministries, sectors and localities, propose inclusive solutions to improve the investment and business environment for submission to the PM within the first quarter of 2007.

By Phương Uyên

(Source: Document 2189/TTg-QHQT)