National Business Information Network to be set up

01 Mar 2001

HA NOI - The United Nations Development Programme (UNDP) has started assisting the Enterprise Department of the Ministry of Planning and Investment (MPI) in its establishment of a national business information network.

"The establishment of a national business information network is an urgent action needed for the effective implementation of the Enterprise Law which was enacted by the National Assembly in May 1999," said UNDP Resident Representative, Mr Edouard A. Wattez. " UNDP is providing assistance to establish this network in response to a priority request from the Government under the same UNDP project that is working to improve the regulatory environment for business and had ealier assisted the Government in the drafting of the new Enterprise Law."

When it is set up, expected in June 2001, the network will serve all investors and businesses ∞ private, foreign-invested or state-owned; government agencies related to business registration, regulation and credit rating; and international donors.

This national network will collect data on business registration and performance from a number of pilot provincial business registration units to develop a central database at MPI. The network will help provide decision-making support for policy makers by analysing and exploring the central database and data warehouse, using a multi-dimensional analysis, business intelligence and reporting tool.

The network will also help facilitate enterprise formation and development and promote business relationships by providing a web information portal to collect and publish timely and accurate information on legal documents, regulations, procedures, and business registration and performance reports.

"This will be an open two-way communication network which promotes and facilitates business development and investment in Vietnam," said Dr Nguyen Le Trung from the Enterprise Department of MPI. "It will also be a feedback channel for business related issues of great concern to the businesses and government agencies."

The UNDP project to improve the regulatory environment for business has been assisting the Government and business community since September 1997 through MPI's Central Institute for Economic Management which is the main government institution in charge of drafting legal documents for a healthy competitive business environment. A major achievement of this project has been the enactment of the Enterprise Law in May 1999. UNDP and the Government of Australia have provided nearly US$2.3 million for this project.

Contact Information

Public Information Unit, Tel: 942 1495; Fax: 942 2267