Prime Minister: Limiting inspection and audit of firms to once a year

Prime Minister Nguyen Xuan Phuc has required ministries and agencies to ensure that enterprises are inspected and audited no more than once a year.

Prime Minister Nguyen Xuan Phuc requested that inspection and audit plans must not be overlapped and businesses must be informed in advance (except in cases where firms were found to violate laws). Accordingly, a firm would be inspected and audited a maximum of once a year.

This is aimed at creating favorable conditions for firms, as part of the effort towards improving the business climate.

At the National Assembly (NA)’s meeting last month, Ms.Tran Thi Hien, deputy of the Ha Nam NA delegation, said inspection and audit are necessary but must not create a nuisance or burden firms. The frequency of inspection and audit should be included in the law on supporting small- and medium-sized enterprises, she noted.

The Government is hastening efforts for improving business and investment climate towards building a Government which focuses on development for the sake of citizens and businesses, in which administrative reform is one of its priorities.

Regarding reducing administrative burden for enterprises, Minister of Industry and Trade Tran Tuan Anh has signed Decision 4846 on the ministry’s plan to simplify administrative procedures in 2017. As a result, 15 procedures will be abolished while 108 others will be simplified, out of 443 procedures under the ministry’s management.

The Ministryof Industry and Trade said administrative reform must go hand in hand with transparency and modernization, adding that it welcomed comments and contributions for improvements.

Source: VNA