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Latest Press Releases

Business Registration Reform in Vietnam

(2014-05-05)

The Kick-off Conference of the new project, entitled “Expansion of the National Business Registration System (NBRS) tonew business entities”, a more comprehensive reform agenda funded by the Government of  Switzerland and to be implemented by Ministry of Planning and Investment (MPI), in collaboration with its existing partners including the United Nations Industrial Development Organization (UNIDO).

The NBRS was built and put into operation by the Agency for Business Registration (ABR) under MPI, the General Department of Tax (GDT) and provincial Business Registration Offices (BROs) with assistance from the MPI-UNIDO project “Technical assistance to business registration reform in Vietnam”, funded by MPI, Norwegian Agency for Development Co-Operation (NORAD), Swiss State Secretariat for Economic Affairs (SECO), and UNIDO from 2008 to 2013.

The national business registration reform program has remarkably changed the nature of the Vietnamese business environment, making registration of business less cumbersome, less costly and thus more efficient. NBRS is used for single-point, fully computerized services for business, tax, customs, statistics and public security registration for enterprises in 63 provinces. As a result, on-line enterprise registration and enterprise information services, covering records of over 864,596 enterprises and subordinate units registered under the Enterprise Law and 164,000 annual financial statements of shareholding companies, are available through the National Business Registration Portal. The average registration time has decreased from 15 days in 2008 to only 3.5 days as of 2013. According to IFC estimates, enterprises registering for the first time have been saving approximately USD 4 million per annum and these savings nearly double when enterprise record amendment services are also considered.

The National Business Registration Portal provides public services including on-line registration, information services, e-gazette and other services. For more details, please kindly visit to the website: www.businessregistration.gov.vn.