Vietnam launches website for foreign investors

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Foreign investors wanting to set up a business or expand operations in Vietnam will be able to access the necessary information through a new website detailing investment procedures.

The site, http://vietnam.e-regulations.org, launched on Tuesday, is in both English and Vietnamese and was made available by the Ministry of Planning and Investment, with technical assistance from the United Nations Conference on Trade and Development (UNCTAD).

"The website is believed to make administrative procedures transparent, swift, and efficient," Frank Grozel, coordinator of the e-regulations program at UNCTAD announced at the launching ceremony.

"It establishes an enabling environment for private-sector development and strengthens good governance and the rule of the law," he added.

For the time being, the site presents investment procedures in Hanoi, Da Nang and Ho Chi Minh City.

In the future, the capacity of local governments to administer the system autonomously will be enhanced.

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