85 pct of business, investment conditions cut or simplified
Construction Ministry cuts, simplifies 85 pct of business, investment conditions
The Ministry of Construction has cut or simplified 85 percent out of the 215 business and investment conditions, and eliminated five among the 17 conditional business lines.
The Ministry of Construction has cut or simplified 85 percent out of business and investment conditions - Illustrative image (Source: baoxaydung.com.vn)
Hanoi, (VNA) – The Ministry of Construction has cutor simplified 85 percent out of the 215 business and investment conditions, andeliminated five among the 17 conditional business lines.
The proportion exceeds 35 percent compared with therequirement set in the Prime Minister’s Directive No.20 on intensifying reformof specialised inspections, and cutting down and simplifying business andinvestment conditions. These figures reflect great efforts by the ministry’sunits to improve the business environment and administrative reform, insideofficials said.
At present, the Ministry is reviewing and proposing theremoval of four other conditional business lines stipulated in legal documents.
Earlier, the ministry took the initiative in addressing difficultiesfor businesses through coordinating with the Government Office to organise anational teleconference to solve difficulties and shortcomings on policies andmechanisms related to construction investment. The function was presided overby Prime Minister Nguyen Xuan Phuc.
To prepare for this teleconference, it had collected andconsidered over 2,000 petitions of voters, enterprises, and vocationalassociations and organisations, while coordinating with the Vietnam Chamber ofCommerce and Industry in holding a conference to listen to businesses’difficulties.
The ministry is currently working with related ministries torealise the teleconference’s outcomes as well as the Prime Minister’sconclusions at the event.
It has completed and submitted to the Government aresolution on some tasks and measures to ease difficulties and solv shortcomingson policies and mechanisms related to construction investment.
The ministry also submitted to and received the Governmentleader’s approval of a directive on stepping up the implementation of measuresto shorten the duration of granting construction license and related proceduresby more than 40 days.
In the second quarter of 2018, it piloted the establishmentof a single window unit in charge of handling 22 out of 33 administrativeprocedures under authority of the Construction Minister.
During the three-month operation, the unit received 47dossiers, of which 27 were handled as scheduled.-VNA
The business environment has seen remarkable improvement, which wins positive response and support from the business circle and public opinion, said Dau Anh Tuan, head of the VCCI's Legal Department.
Vietnam’s business environment has been improved significantly, especially the competitiveness, said US businesses from the US-ASEAN Business Council (USABC).
Prime Minister Nguyen Xuan Phuc has asked ministries and sectors to review and submit their plans to cut 50 percent of their business conditions before August 15.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
The Ministry of Construction has cut or simplified 85 percent out of business and investment conditions - Illustrative image (Source: baoxaydung.com.vn) 
