Hanoi mulls scrapping investment licences

National strategy: A bridge under construction in Ho Chi Minh City. The Finance Ministry cited statistics showing Vietnam has 1,916 overseas projects worth a total of US$23bil as of the end of June. — AP

HANOI: The Finance Ministry has proposed abolishing overseas investment registration certificates to facilitate capital outflows, recommending instead a streamlined foreign exchange management approach.

The proposal was raised in the draft revision of the Law on Investment.