Vietnam should terminate illegal business conditions to boost competitiveness, lawyer Truong Thanh Duc proposed at a conference hosted by the VCCI in Hanoi on June 14.
Hanoi (VNA) – Vietnam should terminate illegal business conditions to boost competitiveness, lawyer Truong Thanh Duc proposed at a conference hosted by the Vietnam Chamber of Commerce and Indus🧸try (VCCI) in Hanoi on June 14.
According to Duc, who is also Chairman of law firm Basico, thousands of business conditions included in various circulars issued by ministries, ministry-level agencies, people’s councils and all-level people’s committees in the past ten years are basically illegal.
Clause 5 of Article 7 of the Enterprise Law issued in 2005 stipulates that such regulations are beyond the authority of these bodies, he said, adding that the number of unlawful regulations has soared to approximately 6,000.
If the law is not fully respected by authorities, the local business climate cannot truly progress, he noted.
Head of the VCCI Legal Department Dau Anh Tuan said conditions do not concern enterprises, but the lack of their transparency does.
Head of the VCCI quality assessment office Nguyen Huu Dung noted policy planning requires consistency and innovative ideas, which would help underpin the economy.-VNA
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