The State Bank of Vietnam (SBV) has secured top place among ministries and agencies included in the PAR Index 2022, which evaluates administrative reform efforts.

The results of the associated survey, which have been announced by the government, provide a practical and objective evaluation of administrative reform efforts at 17 ministries and ministerial-level agencies and the People’s Committees of Vietnam’s 63 cities and provinces.

This is the seventh time the SBV has ranked first in the PAR Index.

It was followed by the Ministry of Justice, the Ministry of Finance, the Ministry of Home Affairs, and the Ministry of Information and Communications.

Adopting the Prime Minister’s decision on easing business conditions, the SBV in 2022 built and submitted to the government for approval and issue one decree and six circulars on cutting and simplifying all 27 regulations on business activities its manages.

In 2022 and the first quarter of 2023, apart from building and issuing legal documents to implement plans to cut business conditions, the SBV also issued eight amended and supplemented circulars to simplify 35 administrative procedures, creating favorable conditions for credit institutions, enterprises, and individuals.