Vietnam caps business inspections to once a year

Vietnam’s National Assembly has passed Resolution 198, introducing new measures to support private sector development by limiting inspections and audits to once per year per enterprise, except in cases of clear legal violations. The resolution also prohibits repeat inspections on the same issue within a year, addressing longstanding business concerns over excessive regulatory scrutiny and administrative burdens. Companies have reported time losses and unofficial costs due to overlapping audits. The move marks a shift toward a facilitative regulatory approach aimed at reducing uncertainty and encouraging business growth. Resolution 198 complements other reforms promoting post-check mechanisms and improved institutional trust, forming part of Vietnam’s broader strategy to foster a more predictable and business-friendly environment for private enterprises.