European businesses started 2021 optimistic about Vietnam's trade and investment environment. Photo: Le Toan Just after two weeks since he was elected to be prime minister, Pham Minh Chinh signed and enacted Official Dispatch No.514/TTg-PL on reviewing and proposing amendments to legal regulations impeding investment and business activities and people's lives. The dispatch, coming out amid a rise in business confidence nationwide and the government's boosting its great efforts to continue creating a more business-friendly climate, was sent to ministers and other leaders of agencies, provinces, and centrally-ruled cities. "As the country's law system still boasts overlapped, inconsistent, and infeasible regulations unsuitable to the reality and obstructing investment and business activities and people's lives, the prime minister requests ministers and heads of ministerial agencies, and chairpersons of provinces and centrally-ruled cities to expeditiously review and list regulations of the type in the existing legal documents," reads the dispatch. "Concrete contents of the regulations and documents causing difficulties must be specified." Ministers and heads of ministerial agencies, and chairpersons of provinces and centrally-ruled cities are also requested to propose specific and feasible solutions in amending the regulations and documents, in a bid to "remove all difficulties, create synchronousness and feasibility of… Read full this story
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