Many Japanese enterprises want to shift production to Vietnam
Director of Dong Nai Customs Department talked to enterprises at the dialogue. Photo: N.H |
Okada Hideyuki, President of Japanese business association of HCM City (JCCH), said that in the wave of shifting production to Southeast Asian countries, Vietnam was the most popular destination for businesses. Hideyuki explained that Vietnam was already an attractive investment destination in Southeast Asia with its stable political situation and abundant workforce. Especially, during the Covid-19 pandemic, the work of pandemic prevention had been done very well, which helped attract more Japanese businesses who want to move factories to Vietnam.
At the dialogue, many businesses asked questions about the procedures for importing machinery and equipment to move factories to Vietnam. A representative of Tenma (HCM) Vietnam Co., Ltd. shared that the firm was currently manufacturing in Indonesia, due to the disease, the company wanted to move this factory to Vietnam, including all kinds of machinery, equipment and materials. The company wants to ask about necessary documents and procedures to make this move.
Answering questions from Tenma Company, Tran Hoang Trong Ky, Head of Supervision and Control Division, said for machinery and equipment which were 100%brand new, Vietnam's policy did not restrict imports. However, there were some occupations must apply for granting license of specialised ministries such as machinery and equipment for the environmental sector. For machinery and equipment old and used for more than 10 years, before importing them, enterprises must ask for permission from the Ministry of Science and Technology.
Representative of Tenma Company made a question at the dialogue. Photo: Phạm Thế |
For goods which are raw materials and finished products, if the enterprise operates under the form of an industrial park enterprise, tax policies and customs procedures are specified in the Law on Import Tax and Export Tax No. 107/2016/QH13; if the enterprise is an export processing enterprise, goods would be exempt from tax right after import. Ky also noted the enterprise should refer to the list of goods banned from import and goods are restricted from import.
Adding to the answer of Ky, Director of Dong Nai Customs Department Phung Thi Bich Huong shared that the Government was aware of the trend of shifting production of enterprises in the region and economies. Dong Nai Customs Department had received instructions from the Government and the Ministry of Finance, the General Department of Vietnam Customs on working with enterprises to recover production and business. The Vietnamese agencies have specific plans for solutions to support enterprises to move their flows of capital and investment to Vietnam. The message of the Government as well as localities and Dong Nai was always expecting and be ready to welcome businesses in Vietnam.
In customs, the Customs sector will implement e-customs procedures, promote the implementation of the online public service system, process dossiers on the national single window system to reduce the clearance time and release the goods. In addition, Dong Nai Customs Department also collected and identified difficulties and problems that may occur when enterprises shift their investment capital to Dong Nai or to Vietnam in general, including issues such as imports of used machinery and equipment from other countries to Vietnam, or problems with the late submission of C/O for goods with special preferential tariffs. Along with that, there were the problems of converting business types from ordinary enterprises to export processing enterprises or from export processing enterprises to ordinary enterprises, promulgating the tariff schedule to materialise commitments in EVFTA that Vietnam signed with the EU. These issues have all been collected by Dong Nai Customs Department and reported to the Ministry of Finance and the General Department of Vietnam Customs for considering to supplement appropriately.
Besides that, Dong Nai has also issued a plan to attract investment, including many specific activities on infrastructure, connecting transport infrastructure between Dong Nai and other provinces, expanding the infrastructure of the industry area.
Related News
Bringing practical experience into customs management policy
13:48 | 03/12/2024 Regulations
Businesses anticipate new policies on customs procedures and supervision
15:41 | 29/11/2024 Regulations
Significant changes ahead in the management of processing, export production, and export processing enterprises
13:47 | 28/11/2024 Customs
Quang Ninh Customs sees revenue boost of nearly VND 900 Billion from new enterprises
10:55 | 15/11/2024 Customs
Latest News
Japanese businesses express satisfaction with HCMC Customs’ Support
09:40 | 12/12/2024 Customs
Actively listening to the voice of the business community
09:39 | 12/12/2024 Customs
Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
Cao Bang Customs achieves key tasks soon
17:05 | 10/12/2024 Customs
More News
National Assembly’s Law Committee works with Ho Chi Minh City Customs Department
10:15 | 09/12/2024 Customs
Enhancing cooperation effectiveness in combating smuggling, counterfeiting, and intellectual property violations
10:13 | 09/12/2024 Customs
HCM City Customs Department supports and removes difficulties enterprises
15:27 | 07/12/2024 Customs
Prosperity at Chi Ma border gate
13:40 | 06/12/2024 Customs
Ensuring requirements of state management of customs in Lao Cai
10:32 | 05/12/2024 Customs
Ba Ria-Vung Tau Customs revenue surpasses target by over VND 1 Trillion
13:43 | 03/12/2024 Customs
Ho Chi Minh City Customs answered over 30 customs procedure questions for businesses
15:50 | 02/12/2024 Customs
Hai Phong Customs achieves revenue target soon
09:16 | 01/12/2024 Customs
Import and export turnover across Quang Tri Customs increases by 31.39%
11:07 | 30/11/2024 Customs
Your care
Japanese businesses express satisfaction with HCMC Customs’ Support
09:40 | 12/12/2024 Customs
Actively listening to the voice of the business community
09:39 | 12/12/2024 Customs
Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
Cao Bang Customs achieves key tasks soon
17:05 | 10/12/2024 Customs
National Assembly’s Law Committee works with Ho Chi Minh City Customs Department
10:15 | 09/12/2024 Customs