The Ministry of Finance (MoF) has set a target of reducing administrative procedures and compliance costs by at least 20 per cent by 2025.

It has issued a plan to review and simplify procedures in the 2022-2025 period.

It also set a target that, before April 1, 2023, all administrative procedures conducted by State administrative agencies within the scope of the ministry and internal administrative procedures within ministry units will be listed on the National Database of Administrative Procedures.

Prior to October 1, 2023, the ministry will review and submit to the Prime Minister for approval a plan to reduce and simplify administrative procedures for priority groups, particularly administrative procedures on State budget management, including State budget reserves and the financial reserve fund.

The management, use, and exploitation of financial resources from land and natural resources include using the value of land use rights to make payments to investors when implementing investment projects on construction in the form of build-transfer contracts, and exploiting the land fund to create capital for infrastructure development.

The MoF also aims to review and submit to the Prime Minister before January 1, 2024 for approval a simplification plan on at least half of the administrative procedures under its management.