Hanoi strengthens management of new enterprises

According to the Hanoi Department of Planning and Investment, coordination between tax offices and business registration management agencies has contributed to accelerating registration of newly established enterprises. The time required to issue a new business ID number has been reduced to 30 minutes, creating favorable conditions for enterprises to enter the market.

Information exchange between tax offices and business registration management agencies has been strictly implemented in accordance with Joint Circular 01/2016/TTLT-BKHDT-BTC on exchange of enterprise-related information between the national enterprise registration information system and the tax information system.

Nguyen Tien Hoc, deputy director of the Hanoi Department of Planning and Investment, says coordination between departments and districts in the management of newly established enterprises has been implemented quite well. Exchange of enterprise-related information between departments has also been regularly carried out, creating favorable conditions for enterprises to access information and shortening the time to carry out administrative procedures. In addition, departments and management agencies have also paid attention to inspection and examination of newly established enterprises.

In addition to the achieved results, the management of newly established enterprises also encounters many limitations, such as the completion of the national enterprise registration information system. This system currently does not input data of state-owned enterprises, science and technology organizations, branches of foreign banks and cooperatives, posing difficulties for business registration management agencies. In addition, the link between tax offices and business registration management agencies has not met requirements.

Bui Anh Tuan, deputy director of the Ministry of Planning and Investment’s Business Registration Management Agency, says the goals of state enterprise management remain the same, but the ways of management have changed. Enterprises have to be responsible for their declarations, while business registration management agencies are only responsible for the validity of documents.

In order to better manage newly established enterprises, Nguyen Tien Hoc recommended that specialized agencies, such as industry and trade, finance, taxation and customs implement coordination regulations of the city, and strengthen exchange of information with a focus on online exchange. In addition, promoting information on state management to newly established enterprises and organizing dialogues between state agencies and enterprises are needed.