Viet Nam's e-regulations website, http://vietnam.e-regulations.org, was launched earlier this month by the Ministry of Planning and Investment's Foreign Investment Agency (FIA) in collaboration with the United Nations Conference on Trade and Development (UNCTAD).
Information about investment regulations in Ha Noi, Da Nang and HCM City is available on the website to create favourable conditions for domestic and foreign investors to begin and operate investment activities in Viet Nam.
Viet Nam News reporter Hoang Ha talked with Nguyen Noi, deputy general director of FIA, about the website as well as investment capital this year and next year.
What can you say about the website?
The website http://vietnam.e-regulations.org is a step-by-step online guide of investment procedures seen from the eyes of the investors. It provides contact details and photos of the officials in charge, forms, time frames, and costs and conditions for creating a company, leasing land and signing business co-operation contracts for both first time and existing investors.
The system was created by interested FIA and Government entities in Ha Noi, Da Nang and HCM City with financial support from the Luxembourg government and the technical assistance from UNCTAD.
This initiative is part of a national effort led by the Ministry of Planning and Investment to promote transparency in investment procedures. The system also has local e-regulations for Ha Noi, Da Nang and HCM City at http://hanoi.eregulations.org, http://danang.eregulations.org and http://hcmc.eregulations.org).
Ha Noi's website was initially launched in 2007 and later upgraded and integrated into Viet Nam's national e-regulations website. The websites for HCM City and Da Nang were launched on November 2 and 4, respectively.
The Viet Nam e-regulations system aims at promoting a dialogue between the users and the administration via the user feedback page and proposals on simplifying procedures.
Users can also compare the administrative procedures between the cities and see which are more convenient based on time, costs and number of steps during the process.
The system is part of the UNCTAD Business Facilitation Programme which is being carried out in a number of countries. The programme aims to provide full transparency on rules and procedures, help governments simplify procedures and promote administrative capacity.
Viet Nam is the first Asian country and among 13 countries in the world to develop an e-regulation system built by UNCTAD.
What were the advantages and disadvantages of developing the e-regulation system in Viet Nam?
We have co-operated with the planning and investment departments and the investment promotion centres in the participating cities to collect information about the steps in their administrative procedures for obtaining investment licences.
One problem is that there are so many steps in implementing administrative procedures and some steps are particularly difficult.
Fortunately, we worked with skilled experts from UNTACD who rearranged the steps to be uniform.
During the development of the website, UNTACD held staff trainings in the planning and investment departments and investment promotion centres on how to collect information and develop the website.
What are the planned co-operation activities between FIA and UNTACD for developing the system after the first stage, from 2007 to now, ends?
In the first stage, from 2007 to now, we built e-regulations websites for three cities. In the coming time, we will co-operate in the review of website feedback and investment procedures from the investors.
Then, we will develop a proposal on adjusting regulations on investment for the cities to create advantages for investors and increase investment capital to those cities.
We will update changes in regulations for investment activities in those cities and also develop websites for other cities and provinces on demand.
Development of websites for other localities will be either within the next year or until the first half of 2012, depending on the financial support for the project.
Hai Duong, Vinh Phuc and Ba Ria-Vung Tau provinces already have plans to register for their own e-regulations websites.
In early 2011, we will have a large communication campaign to promote the Viet Nam e-regulations system, aiming to enhance awareness on investment procedures among foreign and local investors.
Could you tell me about the effects the Viet Nam e-regulations system is having on the investment situation and also Viet Nam's investment situation at present?
On its inauguration day, the HCM City websited had 500 visitors. The number of visitors to the Ha Noi, Da Nang and HCM City websites will continue to be monitored.
I believe the website will attract many visitors who wish to invest because they will have access to the correct and necessary processes and procedures for getting an investment licence and will save time and money.
The website is an essential tool for Viet Nam to call for more foreign investment.
In recent years, foreign direct investment (FDI) to Viet Nam increased sharply.
FIA expects Viet Nam to reach US$22 billion in total registered capital this year and a total of disbursed FDI of $10-11 billion.
The agency expects the FDI to gain the same values in registered and disbursed FDI in 2011.Source: vnagency.com.vn
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