Conversations on Vietnam Development
HANOI, Vietnam – Vietnamese police have widened their investigation into alleged graft and mismanagement connected with the state-owned oil and gas giant PetroVietnam that caused $69 million in losses.
Three PetroVietnam subsidiaries are being investigated for alleged abuse of power in appropriating $5.3 million, the Ministry of Public Security said in a statement late Wednesday. Tiếp tục đọc “Police widen probe of alleged graft linked to PetroVietnam”
After July 2016, when the Investment and Enterprise Laws took effect, many unreasonable sublicenses were abolished, paving the way for 110,000 businesses to emerge.
However, at a recent government press conference, minister and chair of the Government Office Mai Tien Dung said 5,700 procedures of different kinds still exist.
Cao Minh Truc, a member of the board of directors of Empire Group, the investor of the Cocobay Da Nang project, said there are too many vague regulations.
| After July 2016, when the Investment and Enterprise Laws took effect, many unreasonable sublicenses were abolished, paving the way for 110,000 businesses to emerge. |
“The current regulation stipulates that a hotel must have tennis court to be recognized as a 5-star hotel. Our hotel is next to a golf course and the guests mostly play golf. Do we still need a tennis court?” she said.
The regulation also says a 5-star hotel must have a spa. However, legally, there is no ‘spa’ industry in Vietnam, but there is only ‘massage’, she said. Tiếp tục đọc “Businesses have to contend with a “forest” of sublicenses”
CVD 