Vietnam ready for next phase of e-regulations portal

Hanoi (VNA) - The Department of Foreign Investment under the Ministry
of Planning and Investment has announced that it is ready to launch the
second phase of a project to establish an electronic regulations
information portal.

Specialists from the United Nations Conference on Trade and Development (UNCTAD)
recently arrived in Hanoi , Da Nang and Ho Chi Minh City to discuss the
project.

The E-regulations project, part of a larger business facilitation project
supported by UNCTAD, has already been successfully launched in a number of
countries worldwide, such as Columbia, Guatemala, Nicaragua, Morocco, Mali,
Ethiopia and Russia.

The system is an e-government tool, designed to improve the transparency of
administrative procedures and assist the Government in effectively publicizing its
investment processes and procedures.

Vietnam is the only Asian nation to be involved in the project and Hanoi is
the first city to publicise its investment procedures via this type of
information channel.

Hanoi 's e-regulations portal was officially launched in December 2007, and is
published in both English and Vietnamese.

On the website, at http://vietnam.e-regulations.org , investors can access
information regarding a wide range of rules and procedures, including regulations
governing the establishment of new businesses, the leasing of land and the signing
of business cooperation contracts.

According to the department, the project has received positive feedback from
investors, following a year of operation. To extend the project, Da Nang and
Ho Chi Minh City have been selected for involvement in its second phase.

The phase is scheduled to be carried out within 14 months and has three main
goals; updating and extending the existing system in Hanoi, establishing the
system in Ho Chi Minh City and Da Nang and handing over the responsibility for the
updating and management of the system to the relevant local authorities in order
to increase their capacity to attract investment.-Enditem