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.

“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” →