Business registration reform in Viet Nam: A situation analysis of the reform and of UNIDO support

Business registration reform in Viet Nam: A situation analysis of the reform and of UNIDO support
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Name:Business registration reform in Viet Nam: A situation analysis of the reform and of UNIDO support
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Since the last two decades, the Government of Viet Nam undertook remarkable efforts to reform its business environment. The country is among the world’s fastest-growing economies and small and medium enterprises (SMEs) are considered key actors in Viet Nam’s socio-economic development.

As one of Viet Nam’s development partners, UNIDO has been working actively for already many years to support SME development initiatives undertaken by the country. UNIDO assistance covered various complementary and consecutive large-scale projects operating both at the central and provincial levels with funding from different donors.

This publication constitutes a situation analysis of the business registration reforms in Viet Nam and UNIDO’s assistance in this field within the context of the country’s initiatives for wider administrative and business environment reforms.

With funding from Norway, Switzerland, UNIDO’s own resources and the One UN Fund and building on prior policy advice, UNIDO assistance covers a comprehensive support package to assist Viet Nam in making the registration of businesses less cumbersome, less costly and thus more efficient. The initiative addresses obstacles faced by entrepreneurs in completing business, tax, statistics and seal registration requirements. It includes assistance to policy makers in the implementation of the Enterprise Law (2005) and in the preparation of subsequent policy decisions and legislation to simplify and standardize registration procedures and steps. Such reforms are not a simple stroke of the pen of the decision makers, and involve both legal and administrative changes that take time.

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