The Vietnam Fatherland Front (VFF) will begin supervising the tax,customs and social insurance procedures reforms in 2015.
Accordingly, from now through the end of June, the VFF and its memberorganisations will supervise tax and social insurance activities in themajor economic areas of Hanoi, Ho Chi Minh City, Dong Nai, Binh Duongand Ba Ria-Vung Tau.
The customs sector will besupervised during the last six months of this year, stated President ofthe VFF Central Committee Nguyen Thien Nhan at his working session withofficials from the Finance Ministry on March 3.
Nhan said that the programme will be carried out in 2015 and 2016 withthe aim to improve the business climate and tax and customs procedures.
He requested the Finance Ministry to assignofficials to coordinate with the VFF to design a specific work plan,including producing initial results by June and summarised results byOctober, ultimately reporting to the National Assembly and Government.
Supervision of the Vietnam Fatherland Front isessential to swiftly implement simplified policies and ensureenterprises benefit from these policies, affirmed Finance Minister DinhTien Dung.
According to the 2014 BusinessClimate Report conducted by the World Bank and the International FinanceCorporation, the time spent on tax procedures in Vietnam was 872 hoursfor each small- and medium-sized enterprise annually. It also took them21 days to complete export procedures and another 21 days for importprocedures.
To improve the business climate, theGovernment issued Resolution 19 last March to streamline procedures forenterprises to prepare, file and pay taxes in an average of 171 hoursannually, in line with that of the ASEAN 6 bloc including Indonesia,Thailand, Singapore, the Philippines, Malaysia and Brunei. Meanwhile,the time required for export and import procedures will be cut to 14days and 13 days, respectively.
As of January 1,tax payment time was slashed by 370 hours. All customs departmentsacross Vietnam have used the Vietnam Automated Cargo and PortConsolidated System and the Vietnam Customs Information System(VNACCS/VCIS).-VNA
Accordingly, from now through the end of June, the VFF and its memberorganisations will supervise tax and social insurance activities in themajor economic areas of Hanoi, Ho Chi Minh City, Dong Nai, Binh Duongand Ba Ria-Vung Tau.
The customs sector will besupervised during the last six months of this year, stated President ofthe VFF Central Committee Nguyen Thien Nhan at his working session withofficials from the Finance Ministry on March 3.
Nhan said that the programme will be carried out in 2015 and 2016 withthe aim to improve the business climate and tax and customs procedures.
He requested the Finance Ministry to assignofficials to coordinate with the VFF to design a specific work plan,including producing initial results by June and summarised results byOctober, ultimately reporting to the National Assembly and Government.
Supervision of the Vietnam Fatherland Front isessential to swiftly implement simplified policies and ensureenterprises benefit from these policies, affirmed Finance Minister DinhTien Dung.
According to the 2014 BusinessClimate Report conducted by the World Bank and the International FinanceCorporation, the time spent on tax procedures in Vietnam was 872 hoursfor each small- and medium-sized enterprise annually. It also took them21 days to complete export procedures and another 21 days for importprocedures.
To improve the business climate, theGovernment issued Resolution 19 last March to streamline procedures forenterprises to prepare, file and pay taxes in an average of 171 hoursannually, in line with that of the ASEAN 6 bloc including Indonesia,Thailand, Singapore, the Philippines, Malaysia and Brunei. Meanwhile,the time required for export and import procedures will be cut to 14days and 13 days, respectively.
As of January 1,tax payment time was slashed by 370 hours. All customs departmentsacross Vietnam have used the Vietnam Automated Cargo and PortConsolidated System and the Vietnam Customs Information System(VNACCS/VCIS).-VNA
