Switzerland contributes nearly USD 5 million to further develop business environment in Viet Nam
HANOI, 15 April 2014 – The State Secretariat for Economic Affairs (SECO) of Switzerland is contributing USD 4.75 million in support of a project that will help expand Viet Nam’s National Business Registration System (NBRS) to new commercial entities in the country.
The project will be implemented from 2014 to 2018 by the United Nations Industrial Development Organization (UNIDO) and the Ministry of Planning and Investment, and will have a total budget of USD 5.45 million, including national inputs.
The National Business Registration System was designed and became operational as part of a UNIDO project implemented from 2008 to 2013 and funded by the Ministry of Planning and Investment, the Norwegian Agency for Development Cooperation (NORAD), and SECO.
Currently, the system is used for single‐point, fully computerized services for business, tax, customs, statistics and public security registration for enterprises in 63 provinces. It has significantly improved online enterprise registration and enterprise information services. The average registration time has decreased from 15 days in 2008 to only 3.5 days in 2013.
Dang Huy Dong, Vice Minister of the Ministry of Planning and Investment, said: “The business registration reform not only reduced the cost and time for registration nationwide, but also demonstrated that client friendly and efficient public sector services benefit the development of the private sector. Our Ministry is committed to moving forward the NBRS and its services to all commercial entities in the country.”
Miroslav Delaporte, SECO Country Representative, commended Viet Nam for advancing social and economic development over the last decade, adding that “improvements in the business environment, including business registration reforms have helped mobilize capital and unleashed the entrepreneurial spirit of the Vietnamese people”.
Nilgun Tas, Chief of UNIDO’s Competitiveness, Business Environment and Upgrading Unit, said: “The private sector will not only gain access to efficient services of NBRS, but also benefit from more appropriate enterprise supporting policies, based on the full picture of all commercial entities operating in Viet Nam”.
Visit the National Business Registration Portal at www.businessregistration.gov.vn
For further information, please contact:
Nilgün F. Taş
Chief, UNIDO Competitiveness, Business Environment and Upgrading Unit