One of the "sensitive" sectors, karaoke, has also been removed from the list of conditional investment and business sectors - Photo: TTD
Dr. Nguyen Minh Thao, from the Institute of Economic and Financial Strategy and Policy, emphasized this point when discussing with Tuoi Tre newspaper about the draft resolution on reducing conditional investment and business sectors, which the Ministry of Finance is currently seeking opinions from various ministries and agencies. Dr. Thao stated:
- Specifying the exact number of conditional investment and business sectors that need to be reduced, and assigning each ministry and sector the number of sectors to cut, demonstrates the Central Government and the Government's firm resolve from the outset in their efforts to build a better and more favorable investment and business environment for citizens and businesses.
Creating a transparent investment environment
* In your opinion, what positive effects will the government's reduction of 58 conditional investment and business sectors have on the business community?
According to the 2025 Investment Law, there are 198 conditional investment and business sectors. In the past, granting business licenses in these conditional sectors has been extremely difficult. Many have given up due to the stringent and complex business conditions.
Furthermore, the regulations on conditional business sectors in the law are very broad in scope, covering many fields and business activities. Therefore, the government's reduction of 58 conditional investment and business sectors will create a more open and favorable investment and business environment for people and businesses.
* After being removed from the list of conditional investment and business sectors, how will these sectors be managed, Madam?
- Among the 58 business sectors subject to reduction, some have been completely removed from the list of conditional business activities, such as accounting services. However, most business sectors will be shifted from pre-approval to post-approval, and some conditional investment and business sectors will be merged.
Instead of having to apply for a business license as before, in the future, individuals and businesses will not have to apply for a license but will still have to comply with technical standards, professional standards, and state management agencies will conduct post-inspection.
For example, accommodation businesses will no longer need to apply for licenses from state management agencies, but they will still have to comply with and meet standards and regulations regarding rooms and ensure fire safety conditions. Thus, each business sector will still have its own specific operating conditions.
I believe that after reducing the number of conditional business sectors, another step is needed – reviewing whether the conditions included in technical standards, regulations, and professional standards are truly necessary and reasonable. We need to decisively eliminate inappropriate technical standards and regulations that create difficulties for citizens and businesses.
If we drastically cut back on conditional investment and business sectors but then issue overly difficult standards and regulations for post-inspection, the cuts will not be very meaningful.
Dr. Nguyen Minh Thao, Institute of Economic and Financial Strategy and Policy
Do not relax business operations.
* Will removing certain "sensitive" sectors such as casinos, betting, karaoke, and nightclubs from the list of conditional investment and business sectors have any negative impacts?
- Removing these industries from the list of conditional investment and business sectors does not mean we are loosening control over their business operations. It's not the case that anyone can open a karaoke bar, nightclub, or casino wherever they want.
Instead, there will be other, more appropriate management methods to manage sensitive business sectors that have a significant impact on the community and society.
The change in management methods also makes it easier for people and businesses to invest and conduct business. For example, in the accommodation service sector, once we have good technical standards and regulations, people only need to comply in their business without having to go to the management agency to apply for a business license.
* Over the years, we have implemented many rounds of reducing business procedures and conditions, but many believe that these reductions are still largely superficial. In your opinion, what needs to be done to make the reduction of business conditions more substantive?
- The government is very decisive in releasing a list of dozens of conditional investment and business sectors that must be reduced, but for the reduction process to be effective, it requires the participation and supervision of those affected, relevant parties, and clear explanations and responses.
Furthermore, there needs to be an independent and objective unit or focal point to evaluate the effectiveness of reducing the number of conditional investment and business sectors. These units or focal points must have in-depth expertise and understanding of each investment and business sector in order to accurately assess the effectiveness of the reduction.
To compile a list of business conditions that need to be reduced in each investment and business sector, it is necessary to base it on a foundation and evaluation framework to identify which conditions are inappropriate and need to be eliminated in each sector. This will make the process of reducing investment and business conditions more substantive.
Graphics: TAN DAT
Efforts to create a favorable investment and business environment.
According to Dr. Nguyen Minh Thao, in order to compile this list of reductions, the Ministry of Finance worked with other ministries and agencies to determine which sectors would be removed from the list of conditional business sectors.
The number of business sectors to be cut was determined based on a review by all ministries and agencies. Specifying the exact number of conditional investment and business sectors to be cut, and assigning each ministry and agency the number of sectors to eliminate, has put pressure on ministries to accelerate the reduction process.
"This also demonstrates the Central Committee and the Government's determination from the outset in their efforts to build a better and more favorable investment and business environment for the people and businesses. The reduction of conditional investment and business sectors will not stop at 58 sectors but is expected to increase further," Ms. Thao said.
Source: https://tuoitre.vn/can-xoa-tan-goc-rao-can-kinh-doanh-2026051221255586.htm
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