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Vietnam Must Make Real Changes to Business Rules

Vietnam Must Make Real Changes to Business Rules

Vietnam Must Make Real Changes to Business Rules
He made this request during a debate on a new law about business rules in Hanoi on August 3.
The government must listen to businesses and people affected by the rules to make good changes.
Rules without clear criteria are being targeted.
The new law aims to cut at least 30% of business rules and remove unnecessary conditions, following the Party Central Committee’s Conclusion No.18-KL/TW.
Only rules related to national defense, security, and public health will be kept.
Some business conditions should be replaced with technical standards and penalty regimes.
In stable sectors, conditions should be removed to create a fair environment.
The government should also simplify business rules and remove vague regulations.
A regular review is needed to remove outdated rules, especially in fast-moving fields like technology and finance.
Cutting procedural costs and delays is important.
Lawmaker Nguyen Phuong Bac suggested checking the feasibility of electronic identity verification for cross-border e-commerce.
Bac asked for clarity on verification methods and responsibility for Vietnamese entities and individuals trading online.
The national digital identification system must work with customs data to create a seamless link between buyers and sellers.
The draft law should not create new bureaucracy and should mandate online processes to reduce time and costs.
Deputy Tran Thi Van said seller verification rules for e-commerce platforms already exist in the 2020 Law on E-commerce.
She urged the drafting agency to review the bill carefully to avoid overlaps and ensure consistency.
If additional rules are needed, the draft should focus on setting principles or referencing existing laws rather than reproducing rules.