Hai Phong shortens time for investment project announcement procedures
Hai Phong authorities have cut four days from the processing time for procedures to announce business investment projects, making the process more convenient and reducing time costs for investors.
The Hai Phong People's Committee has issued Decision No. 3603/QD-UBND announcing a list of newly issued, amended and supplemented administrative procedures under the management functions of the Department of Finance.
The new procedure concerns registration of enterprises' training needs in priority occupations or those that are difficult to socialize.
The amended and supplemented procedure is the announcement of business investment projects, including land-using investment projects, for projects not subject to investment policy approval and proposed by investors.
Notably, the processing time for procedures to announce business investment projects has been cut at several stages, from 23 to 19 working days, reducing the time by four days compared with the period before the adjustment.
Reducing the processing time for administrative procedures helps cut time costs, improve transparency and facilitate investors, thereby continuing to improve the investment and business environment, promote the mobilization of resources for development and create additional momentum toward the city's growth targets.
MINH CHAM