Prime Minister Nguyen Tan Dung has demanded that the construction sector reduce administrative procedures by a third next year.
During a meeting with the Ministry of Construction on Thursday, Dung said red tape has become a nightmare for investors, eating profits.
He asked the government employees at every level to do away with unnecessary administrative procedures and confer with lawmakers as they seek to simplify laws related to construction investment.
Previously, Minister of Construction Trinh Dinh Dung informed PM Dung that a single investor may have to complete up to 40 administrative procedures before he can start work on a project in Ho Chi Minh City.
Many projects in Vietnam wait 3-4 years, or up to 10 years, to break ground, he said.