Vietnam scraps regulations to facilitate internet-based businesses

May 23, 2018 | 09:46 am GMT+7

The Vietnamese Government has issued a decree, known as Decree 27, for the removal of many business regulations which will make it easier to conduct business on the internet.


Details of the decree were introduced to the public at a conference held by the Ministry of Information and Communications (MIC) on May 22.
MIC Deputy Minister Hoang Vinh Bao said that Decree 27 was adopted in accordance with the new situation and eliminates unreasonable requirements in order to support enterprises which provide internet-based services.
Specifically, several regulations concerning the provision of online games and information have been relaxed.
The time for licensing the establishment of an online information website or a social network will be cut from 15 working days to 10 working days.
Decree 27 also amends the regulations on protecting national interests in the registration and use of new generic top-level domains and stipulates the conditions for internet domain registrars in accordance with the reality.