Binh Duong Customs and Korean businesses solve difficulties and obstacles

Deputy Director of Binh Duong Customs Department Nguyen Thanh Binh answered businesses' problems at the conference. Photo: T.D

Deputy Director of Binh Duong Customs Department Nguyen Thanh Binh said that currently, Binh Duong Customs Department is processing procedures for about 328 Korean enterprises. In recent times, most Korean enterprises investing in the area have complied with the provisions of law, coordinated well with customs authorities in the process of carrying out import and export procedures, and have made many important contributions to tasks accomplished by Binh Duong Customs Department. Many businesses are increasingly developing and expanding investment projects, actively contributing to local economic development.

Appreciating the relationship between Binh Duong Customs Department and Kocham Binh Duong as well as their support and facilitation of import-export activities of Korean enterprises in the area, Mr. Kang Hyoung Sik, Vice Chairman of Kocham Binh Duong said that in recent times, Binh Duong Customs Department provided many timely instructions and directions to businesses whenever there were changes in policies, laws, and regulations on customs procedures...

"I believe that in the future, the relationship between Binh Duong Customs Department and Kocham Binh Duong will develop further, helping Korean businesses feel secure in investing and developing in the long term," Mr. Kang Hyoung Sik emphasized.

Accordingly, to continue to help Korean investors better understand new policies and laws related to import and export activities, within the framework of the conference, Binh Duong Customs Department has disseminated information to businesses about regulations on customs declarants and customs declarations; some common errors in processing, export production, and export processing activities; some existing problems.

Representative of SEWHA VINA Co., Ltd. raised problems at the conference. Photo: T.D

Typically, errors in declaration and settlement of norms with customs authorities are not consistent with actual production, leading to differences in the amount of inventory, and differences in the amount of raw materials and supplies used to produce exported products. This causes businesses to have tax arrears collected and fined for violations with a tax amount of up to 20% or from 1 to 3 times the amount of tax arrears collected, plus a fine for late payment calculated from the date of clearance of the imported goods lot.

On the other hand, businesses would face disadvantages in the process of carrying out customs procedures because the level of compliance with customs laws is low and they will be subject to separation of declarations and physical inspection of goods...

Regarding enterprises' problems with on-site import and export activities, Deputy Director of Binh Duong Customs Department Nguyen Thanh Binh said that in recent times, the unit has recorded and reported to the General Department of Vietnam Customs on these types of problems of on-site import and export patterns of businesses in Binh Duong, including Korean businesses.

Currently, the Ministry of Finance is consulting with the Ministries of Industry and Trade, the Ministry of Justice, and the Ministry of Planning and Investment to submit to the Government for consideration of solutions when abolishing Article 35 of Decree No. 08/2015/ND-CP in order to ensure consistency and synchronization between legal systems and conformity with practice for this activity. When the latest guidance is available, Binh Duong Customs Department will update the business community.

Responding to SEWHA VINA Co., Ltd.'s concerns about foreign-invested enterprises (FDI) regarding temporary import and re-export business, the representative of Binh Duong Customs Department said, based on Clause 2, Article 13 of Decree 69 /2018/ND-CP, business organizations with FDI capital are not allowed to conduct temporary import and re-export business activities. With the authority of the Ministry of Industry and Trade, Binh Duong Customs Department requests businesses to contact for more specific instructions on this case.