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"It establishes an enabling environment for private-sector development and strengthens good governance and the rule of law," he said.

UNCTAD proposed the web-based e-Government system to help developing countries and countries in transition work toward business facilitation through transparency, simplification and automation of rules and procedures related to company creation and operation.

"This system can contribute to greater transparency and efficiency in the public services, improved governance and cost reductions," he added.

The e-regulations system is currently being installed in Colombia, Comoros, El Salvador, Guatemala, Mali, Morocco, Nicaragua, the Russian Federation, Rwanda and Viet Nam.

The system offers detailed, practical and up-to-date description of procedural steps, seen from the user's viewpoint.

It also helps the Government simplify procedures by allowing easy identification of unnecessary steps and requirements.

"It promotes good governance by increasing the awareness of administrative rules and procedures, hence establishing the conditions for a balanced dialogue between the users of the public service and civil servants," said Nguyen Noi, deputy director general of MPI's Foreign Investment Agency.

The system is hoped to set a basis for regional and international harmonisation of rules by facilitating the exchange of good practices among countries.

In Viet Nam, the website, www.eregulations.org, will be launched in HCM City, Ha Noi and Da Nang. It is available in both Vietnamese and English.

In the next stage of the project, the capacity of local governments to administer the system autonomously will be enhanced such as Can Thơ, Ba Ria – Vung Tau, Phu Yen, Binh Dinh, Phu Tho, Hai Duong…

Localities will learn how to update information and promote it among international and local businesses. Localities will also learn how to use the system as a tool to simplify procedures.