According to the draft law, there are 18 administrative procedures, including 9 existing ones, while 6 others have been eliminated, representing a 40% reduction compared to current regulations.
Deputy PM Tran Hong Ha emphasized the need to revise investment procedures governed by the Investment Law, including auction processes, bidding, and investor selection and recommended these be included in future legislative amendments.
The disbursed volume of public investment in January-August period was estimated to reach 46.3 per cent of this year's plan, according to an official dispatch issued by Prime Minh Chinh on September 21.