A website on investment license procedures in Viet Nam will be launched this month to facilitate the work of domestic and foreign investors.
A website on investment license procedures in
The website, http://vietnam.investway.info , is part of E-regulations
The project, with financial and technical assistance from the Government of Luxembourg and the United Nations Conference on Trade and Development (UNCTAD), has been carried out by the Ministry of Planning and Investment (MPI).
The website will provide investors, domestic and foreign alike, with information, in both the Vietnamese and English languages, on procedures to establish enterprises, sign business cooperation contracts and land rent, as well as fees.
Since the second quarter of this year, the website has been built up to contain full investment information in Ha Noi and industrial zones in the city’s neighbourhoods.
It will be updated with information on investment license procedures in the southern economic hub of
UNCTAD Secretary-General Supachai Panitchpakdi said the project is expected to help increase the transparency of and simplify business procedures in
He also said UNCTAD is willing to support Ha Noi,
Phan Huu Thang, Director of the MPI’s Department for Foreign Investment, said
He went on to say that the website not only supplies specific and useful information but also helps increase the transparency of public services’ operations.
In another development, the MPI and the Agency for Small and Medium Enterprise Development (ASMED) launched a website at http://www.business.gov.vn in February to provide information on procedures and policies assisting SMEs.
Statistics released by the Department for Foreign Investment showed that since the Law on Foreign Investment took effect in 1988,
The country is expected to lure a record 19 billion USD in foreign investment this year, nearly 9 billion USD higher than 2006.
(Source: VNA)
