BY 2017, PROCEDURE FOR PROPERTY REGISTRATION SHALL BE FINISHED WITHIN 20 DAYS

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This is one of targets that the Government had set at Resolution No.  19-2017/NQ-CP dated February 06, 2017 on main duties and measures for improving business environment and enhancing national competitiveness in 2017 and orientation towards 2020.

With the aim by the end of 2017, starting a business of our country ranks  top 70 countries; reduce time for carrying procedures for paying taxes and social insurance premiums shall be finished within 168 hours/year, procedure for licensing construction permit and relevant formalities shall be finished with 120 days; time for carrying procedure for property registration shall be finished within 20 days, a contractual dispute shall be settled within 300 days and bankruptcy shall be solved within 30 months…, the Government has asked every Minister, Head of Ministerial-level agencies, Governmental Offices, President of People’s Committees of provinces take charge for some main solutions.

In particular, boost certification of conformity in the export countries and focus on post-clearance audit of imports; introduce online procedures for specialized inspection; amend regulations on fees for specialized inspection, ensure the transparency of methods of cost calculation and identification of fee payers, and gradually apply price mechanism; impose penalties on entities that are irresponsible and have acts of harassment to citizens and enterprises; publish the list of enterprises which have been undergoing bankruptcy procedures via the business registration national portal; do not limit the used lifetime of 10 years for all machinery and equipment. The Ministry of Finance shall apply information technology to at least 95% of work such as submission of tax declaration and tax payment; publish tax refund database, check 100% of tax refund records and punctually and duly resolve 100% taxpayers’ complaints…

Source: http://english.luatvietnam.vn/default.aspx?tabid=720