SBV issued four new circulars to simplify administrative procedures
(vasep.com.vn) The Prime Minister of Vietnam has approved a project to simplify administrative procedures on every aspect of public administration according to the Decision No. 30/QĐ-TTg. To realize the third phase of the project, the State Bank of Vietnam (SBV) issued four Circulars No. 23, No. 24, No. 25, and No. 26/2011/TT-NHNN (dated 31st August 2011) on simplifying administrative procedures on currency, foreign currency activities, banks’ establishment and operations, payment activities.
With the issuance of four above Circulars, SBV has simplified nearly 100 administrative procedures pointed out at the Resolution of Government on simplifying administrative procedures. So far, SBV has implemented simplification for over 130 procedures with the rate of 63 percent. LT