Hanoi pilots one-stop shop model in foreign investment administration

In this line, investors are required to submit applications at “one stop” only, which is the working panel. Members of the panel, coming from different services, will meet face to face, exchange and deal with investors in their respective area of responsibility. The investors will also receive results at the same “stop” as they did their applications. The move is aimed to save the investor’s time and avoid negative phenomena that may arise during their clearance of administrative procedures.

The working panel will be in charge of inspecting projects worth more than US$ 20 million and reporting results directly to the city authorities. They are also responsible for sorting out problems faced by projects with foreign investment.

To ensure the proper and unified enforcement of the Common Investment Law, the Ministry of Planning and Investment has set up three task forces to help provinces handle matters concerning the law and other under-law documents guiding its implementation.

The task forces will be based in three regions: North, Center and South, and make themselves available in the province where local authorities seek help to evaluate major projects.

Source: VNECONOMY