Part 1: The private business and the development of the private economy sector.

After Doi moi, although individuals already had right to business, to exercise it – establishing an enterprise there is still a journey ahead. With numerous procedures and permits, time for establishing enterprise in this period can be counted by months or even years. Born in 1988, CONCETTI, formerly known as Center of Consulting and Research enterprise for Investment and Transfer technology under Ministry of Technology also experienced these difficulties.

Not yet discussing entanglements in implementation process which are sub-licenses, delay of authorities, in terms of laws, according to Company Law 1990, to establish an enterprise, the founder has to file a request to provincial People’s Committee and waits for at least 60 days to receive “Enterprises establishment permission”. Receiving this permit is not enough; the founder needs to file another dossier to Economic Arbitration for grant of “Business Certificate”

To Enterprise Law 1999, the procedure for establishing enterprises has been reformed in a positive direction when repealing the “Enterprises establishment permission”. An enterprise is only need to carry out procedure for business registration, granted “Business Certificate” then they are entitled to operate. Time for settlement dossier is also reduced to limit of 15 days from the application date.

05 years after that, CONCETTI had honor to attend the council drafting Enterprise law 2005, the Law continues simplify the procedures for establishing enterprise by shortening the implementation time from 15 to 10 working days. Recently, Law on enterprise 2015 is even more impressing when prescribing license time for “Certificate of Enterprise registration” remains only 03 working days. Along with that are many reform measures such as applying single-window mechanism, electronic filing...which more and more simplify procedure for establishing enterprises, enable individuals, organizations exercise business right.

Witnessing 30 years of changes of enterprise laws, CONCETTI pleases to the positive changes that are beneficial for enterprises and investors. By our experience and skill, CONCETTI will keep providing accurate law information and effective advices for customers continuously for many 30 years ahead./

Le Thang