According to a report from Viet Nam news, experts at a conference organised in Ha Noi last week by USAID and the Central Insitute for Economic Management agreed that Regulatory Reform was needed to encourage growth and competitiveness in a riskier global environment.
Officials in Viet Nam are concerned about the growth of the legal stock. Statistics from the National Assembly Office have shown that the number of regulations issued by central authorities increased from 1,043 in the year 2000 to 5,810 in 2010.
"The rapid increase in the number of new regulations makes it quite difficult for citizens and businesses to understand them all," Cuong said. The nation also lacked a focal-point agency to control the quality and consistency of regulations, leading to the issuance of unclear regulations that require additional documents to clarify them, he added.
Policy instability and bureaucratic inefficiency are concerns hightlighted by the Global Competitiveness Index, where VN lost 6 places in 2010-11.
Phan Ngo Hai, general director of the Administrative Procedures Control Agency, which has been overseeing the Prime Minister's master plan to reform administrative procedures, also known as Project 30, said the quality of regulations remained poor, though the project had delivered results impressive numerically.
Officials in Viet Nam are concerned about the growth of the legal stock. Statistics from the National Assembly Office have shown that the number of regulations issued by central authorities increased from 1,043 in the year 2000 to 5,810 in 2010.
"The rapid increase in the number of new regulations makes it quite difficult for citizens and businesses to understand them all," Cuong said. The nation also lacked a focal-point agency to control the quality and consistency of regulations, leading to the issuance of unclear regulations that require additional documents to clarify them, he added.
Policy instability and bureaucratic inefficiency are concerns hightlighted by the Global Competitiveness Index, where VN lost 6 places in 2010-11.
Phan Ngo Hai, general director of the Administrative Procedures Control Agency, which has been overseeing the Prime Minister's master plan to reform administrative procedures, also known as Project 30, said the quality of regulations remained poor, though the project had delivered results impressive numerically.
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