The Ministry of Finance continues to strongly improve the business environment reducing the rate of businesses temporarily suspending operations


The Ministry of Finance set target to continue improving business environment, creating a fair competitive environment. Photo: H.Anh
The Ministry of Finance set a target to continue improving the business environment, creating a fair competitive environment. Photo: H.Anh

The Ministry of Finance has just signed Decision No. 89/QD-BTC on promulgating the Action Plan to implement Resolution No. 02/NQ-CP of the Government on main tasks and solutions to improve the business environment and national competitiveness by 2024.

According to the plan, in 2024, the Ministry of Finance aims to continue strongly improving the business environment, creating a healthy competitive environment, rapidly increasing the number of newly established businesses, and reducing the rate of temporarily suspended businesses.

Along with that, increase the number of businesses with innovation activities, green transformation, and digital transformation, reduce input costs and legal compliance costs in investment and business activities; reduce policy risks; strengthen confidence, create a fulcrum for recovery, and enhance business resilience.

To achieve this goal, key tasks have been set by the Ministry of Finance. Accordingly, focusing on increasing the customs clearance index score in the World Bank’s logistics efficiency ranking by at least 0.2 points; Coordinating with the Ministry of Industry and Trade as the focal point for the Logistics Performance Index to provide data related to clearance procedures to ensure objective and accurate assessment and ranking.

Along with that, improve management efficiency, promote reform of specialized inspection activities for goods and effectively deploy the National Single Window Information Portal.

Specifically, chairing and coordinating with ministries, branches and localities to research and recommend the construction of a database center and apply risk management methods to perform unified specialized management and inspection on the whole country

Research and propose solutions to connect data between specialized state management agencies for exported and imported goods; connect with data on testing, inspection, inspection and certification results from conformity assessment organizations on the National Single Window Portal.

Research and propose the development of a detailed list of information of ministries, ministerial-level agencies, People’s Committees of provinces and cities, agencies and organizations connecting and sharing information in the fields of export, import, and transit goods, exit, entry, transit of people and means of transport through the National Single Window Portal.

Strengthen inspection and specialized inspection in the stage of post-clearance; Coordinate with ministries and branches to continue reviewing and reducing the list of import and export goods subject to specialized management and inspection…

In the field of tax, the Ministry of Finance researches and promulgates legal documents clearly defining seafood processing as “processing activities” to implement corporate income tax policy in the spirit stated in document No. 2550 /BTC-TCT dated March 12, 2021 of the Ministry of Finance on corporate income tax policy; resolve problems with VAT refund; timely resolve VAT refunds for businesses and taxpayers, ensuring correct subjects, policies and regulations.

Regarding the task of reducing and simplifying administrative procedures and business regulations, the Ministry of Finance reviews and proposes plans to reduce and simplify regulations related to business activities as required in Resolution No. 68/NQ-CP of the Government.

The task of improving the quality of service to people and businesses in implementing administrative procedures and public services will be implemented following Decision No. 2838 QD-BTC dated December 25, 2023 promulgating the Administrative Reform Plan 2024, Decision No. 1507/QD-BTC dated July 29, 2022 promulgating the Action Plan to implement Decision No. 766/QD-TTg dated June 23, 2022 of the Prime Minister approving the set of instructions number of directions, administration and assessment of service quality for people and businesses in implementing administrative procedures and public services in the electronic environment…


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