Law amendments need to facilitate production and business activities: PM

Prime Minister Pham Minh Chinh asked for overhauling the fundamental and urgent regulations  that serve macro-economic stabilization, inflation control and growth promotion, along with ensuring major balances of the economy, while chairing a meeting held on August 16 to discuss the building of a draft law to amend some contents of finance- and budget-related laws.

Participants discussed the proposals on building the draft law amending some articles of the Law on State Budget, the Law on Management and Use of Public Assets, the Law on National Archives, the Law on Accounting, the Law on Independent Audit, the Law on Securities, and the Law on Tax Administration.

The amendments of these laws will meet expectations of people and businesses in reducing administrative procedures and compliance costs, he said.

PM Chinh asked for determination to remove all obstacles relating to legal documents.

The new law should strengthen State management, streamline administrative procedures, eradicate the “ask - give” mechanism, reduce bureaucracy for people and enterprises, prevent corruption and negative phenomena, the PM said.

It must enable hurdles to production and business activities to be removed, the decentralization of power and the allocation of resources boosted, and every resource mobilized for development, thereby helping to reach the goals set by the 13th National Party Congress, he said.