The Customs Department of the southern province of Dong Nai organised a
talk with 130 enterprises from the Republic of Korea (RoK) located in
the locality on August 28, updating them on new tax and customs
regulations, and providing them an opportunity to express their
opinions.
The firms were informed of a new circular
issued by the Ministry of Science and Technology on the import of
second-hand equipment, as well as policies on corporate income, foreign
contractor tax and value-added taxes.
Representatives from the department also answered the investors’
questions on customs clearance procedures, investment incentives,
regulations on the recruitment of foreigners, and health insurance.
According to head of department Le Van Danh, the local customs sector
will continue its efforts to shorten the duration of customs clearance,
make fees more transparent, and support enterprises via direct dialogues
and other channels.
So far, RoK businesses have
invested in 280 projects worth more than 4.3 billion USD in Dong Nai,
ranking second among foreign investors in the number of projects in the
province. As many as 10 percent of Vietnam ’s total RoK projects are
located in Dong Nai.-VNA