Under the agreement, Vietnam will receive technical assistance through the Vietnam Business Registration Reform-Implementation Planning and Mobilisation plan.
Backed by a budget of US$626,000, the plan will be executed by the United Nations Industrial Development Organisation (UNIDO) in co-operation with the Agency for Small and Medium Enterprises Development (ASMED) under the Ministry of Planning and Investment from July 2006 to March 2007.
The Vietnam Business Registration Reform will facilitate the implementation of the new Enterprise Law adopted on November 29, 2005 by addressing establishment and business registration provisions contained in Chapter II, Articles 13-37 of the law.
The provisions are also important as businesses change from operating under the existing certificate-based system to a computerised national registry system.
The new registry system will also facilitate the sharing of information between tax, business registration and statistics agencies and enable the use of a common nationwide enterprise identification code.
Norad will help in establishing a system based on Norway’s world-class business registration system. Vietnam will also benefit from close technical co-operation between ASMED, Norad and UNIDO, which includes ongoing support from Norwegian specialists to ASMED.
The overriding goal of the project is to sustain the nation’s economic development and encourage the normalisation of the enterprise sector by lowering bureaucratic barriers to market entry and reducing the costs of doing business.
The project will also benefit enterprises located in rural areas by ensuring that the same quality of service is available to all entrepreneurs and businesses throughout the country, regardless of location.
