The Government of Vietnam offers a new tool for entrepreneurs and investors: the eRegulations Vietnam portal. This online database brings total transparency to investment procedures.
Vietnam.eregulations.org is an online step-by-step guide on procedures for setting up a business in Vietnam. For each step, it provides up-to-date and comprehensive information on where to go, who to see, which documents to submit, which documents you should receive, how much to pay, the duration of the step, who to complain to and the legal justification of the step.
Procedures, as they are applied in practice
eRegulations Vietnam reflects procedures from the user’s point of view, as they are actually applied in practice. Information has been collected through repeated field visits to all the administrations involved.
The vietnam.eregulations.org portal gives access to step-by-step guides in 7 provinces (Binh Dinh, Da Nang, Hai Duong, Ha Noi, Ho Chi Minh City, Phu Yen, Vinh Phuc) for the following procedures:
Company creation with office or land lease, Construction permits, Business cooperation contract, Amendment of investment certificates, Company re-registration and Company conversion.
For each procedure, the system presents a list of required steps and a summary showing the entities involved, expected results, requirements, minimum and maximum processing time and all legal bases.
Transparency and accountability
eRegulations Vietnam promotes public awareness of rules and procedures and stimulates the public-private dialogue. Users can contact the officers in charge of procedures and also send complaints, report misconduct and propose simplification ideas through the system.
27 countries worldwide are using the eRegulations system to present information on business-related procedures. Vietnam is the first country in Asia to adopt eRegulations.
For more information, download the eRegulations Vietnam users’ brochure (http://vietnam.eregulations.org/communication/brochures/generic/eRegulations_Vietnam-USERS.pdf).
eRegulations Vietnam is financed by the government of the Grand Duchy of Luxembourg, with technical assistance from the United Nations Conference on Trade and Development (UNCTAD).