HCMC urged to reduce informal expenses for enterprises

HCMC – The HCMC government should reduce informal costs by making administrative procedures transparent and improving public services to support enterprises doing business in the city, proposed To Thi Bich Chau, a member of the HCMC People’s Council.

At a council meeting last week, Chau suggested State management agencies in the city should review the costs enterprises must pay for administrative procedures, including both formal and informal expenditures, so that the city government can work out solutions to cut fees.

Pham Quoc Bao, another council member, said the improvement of online public services is an effective solution to cut informal fees. Therefore, the municipal authorities should promote such services this year to help enterprises and local residents.

The HCMC People’s Council members also discussed solutions to reform administrative procedures in the city this year onwards.

Last year, the city saw its economic growth accelerate against the previous year’s growth, but the city still needs greater effort to overcome shortcomings to reach growth targets in the years to come including the removal of informal costs.

The municipal government should ensure the transparency of the business environment to gradually cut informal expenses, reduce officialdom, embezzlement, wastefulness, and improve mechanisms for sectors where corruption and harassment are rampant.

In addition, enterprises should get ready to response to fraud in the implementation of administrative procedures.

Source: The Saigon Times

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