Suggestions for you

State Bank of Vietnam cut down regulations on business activities

01/06/2020

The Governor of the State Bank of Vietnam has just signed the Plan on reduction and simplification of regulations related to business activities in 2020 of the State Bank.

The Governor of the State Bank of Vietnam has just signed the Plan on reduction and simplification of regulations related to business activities in 2020 of the State Bank implementing Resolution No. 68/NQ-CP dated May 12, 2020 of the Government on the program of reduction and simplification of regulations related to business activities in the 2020 – 2025 period.

The plan includes the content of preparation, monitoring, guidance, inspection and urging for implementation; statistical, cost calculations in complying with regulations relating to business activities; review and evaluation; compliance cost calculation following simplification.

The plan also proposed options to cut down and simplify regulations related to business activities; implement the plan for reduction and simplification of regulations related to business activities already approved by the Prime Minister.

According to this Decision, the Governor assigned heads of units of the State Bank to organize the implementation of the Plan to reduce and simplify regulations related to business activities in 2020 according to the assigned tasks.

At the same time, heads of units of the State Bank to strictly control the promulgation of legal documents related to business activities on the basis of legal provisions, especially administrative documents and circulars of the State Bank; minimize the number of current documents with regulations related to business activities under the jurisdiction of the State Bank.

At the same time, units of the State Bank prevent the creation of unnecessary, unreasonable, illegal regulations that cause difficulties for business activities of enterprises and people./.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
Follow us