In a bid to streamline administrative processes and business regulations, Vietnam’s National Assembly Standing Committee has reviewed a new draft law targeting the agriculture and environment sectors. The proposed legislation seeks to amend 10 existing laws, which currently govern areas such as plant protection, animal husbandry, fisheries, irrigation, water resources, veterinary services, and crop production.
The draft law intends to cut down on bureaucratic red tape by eliminating 38 administrative procedures and 40 business conditions. Furthermore, it aims to simplify an additional 13 procedures. If enacted, these reforms are projected to significantly reduce processing times by a total of 904 days, thereby saving businesses an estimated VNĐ189.9 billion, equivalent to approximately US$7.3 million, in compliance costs.
During the review process, lawmakers highlighted the importance of maintaining stringent regulatory oversight even as they push for greater decentralization. The proposed legislation also advocates for the adoption of digital tools, including QR codes and product traceability systems, to enhance inspection processes and ensure the quality of agricultural products.
These proposed changes reflect a broader effort to modernize Vietnam’s regulatory framework while supporting business efficiency and economic growth. The final version of the draft law is expected to be completed by July 25, marking a significant step toward reducing administrative burdens and fostering a more conducive environment for business operations in the country.