How to handle export processing enterprises forgetting to open a corresponding import declaration

How to handle export processing enterprises forgetting to open a corresponding import declaration

VCN - From 2014 to 2019, Dragonjet Vietnam Co., Ltd. (headquartered in Que Vo Industrial Park, Bac Ninh) opened 17 on-site export declarations of domestic enterprises, however, the company “forgot” to open a corresponding import declaration. Dragonjet Vie
Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam still primarily relies on processing and manufacturing with limited automation integration

Vietnam needs to cultivate domestic enterprises that are large-scale, possess international competitiveness, boast established brands, and can serve as cornerstones in leading the industrialization and modernization process.
Effectively apply M&A to go long distance

Effectively apply M&A to go long distance

VCN - Sharing at the conference "Consumer goods and distribution industry: M&A trends and investment strategies to raise capital for Vietnamese enterprises", organized by the Business Association of High Quality Vietnamese Goods and the Leading Business C
Increase competitiveness when export turnover comes from domestic enterprises

Increase competitiveness when export turnover comes from domestic enterprises

VCN - According to the Vietnam Chamber of Trade and Industry (VCCI), export-oriented industrialized countries, especially when export turnover comes from domestic private enterprises, are likely to more competitive and sustainable.
Enterprises’ worry is being in the debt group for banks

Enterprises’ worry is being in the debt group for banks

Many domestic enterprises are facing the situation of not being able to repay bank loans despite being supported with restructuring
Exports increased by over US$27 billion

Exports increased by over US$27 billion

Sharing the same success of import and export activities in general, Vietnam's export turnover in the first six months of the year grew by double digits.
Export production goods will not eligible for tax exemption if they are in-country imported between two domestic enterprises

Export production goods will not eligible for tax exemption if they are in-country imported between two domestic enterprises

Article 16 of the Law on Import and Export Duties only stipulates that tax exemption will be applied for raw materials, supplies, and components imported for export production.
Tax exemption will not apply if purchasing products of domestic enterprises under the type of in-country import

Tax exemption will not apply if purchasing products of domestic enterprises under the type of in-country import

If a domestic enterprise purchases products of another domestic enterprise under the type of in-country import to export production, the company will not be eligible for import tax exemption
Policy recommendations to ensure competition in fertilizer sector

Policy recommendations to ensure competition in fertilizer sector

Acts that hinder competition in the fertilizer market, especially urea fertilizer, can have multi-dimensional impacts on many sectors of the economy.
Goods of domestic enterprises hiring other enterprises for export processing must be declared

Goods of domestic enterprises hiring other enterprises for export processing must be declared

BHFLEX VINA Co., Ltd.'s problems with declaring and paying tax on goods that domestic enterprises hire export processing enterprises to re-process
Support policies must pay attention to small, medium and micro enterprises

Support policies must pay attention to small, medium and micro enterprises

Customs News interviewed Dr Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) about solutions to support enterprises during the Covid-19 pandemic.
Flexible seafood enterprises increase exports

Flexible seafood enterprises increase exports

VCN- According to information recently announced by Sao Ta Food Joint Stock Company, in April 2021, Sao Ta (including Khang An Co.) processed 1,575 tons of finished shrimp, equaling 131% over the same period last year.
Developing public – private partnership programme is a very good way to support enterprises

Developing public – private partnership programme is a very good way to support enterprises

This is the evaluation of Prof. Vu Tien Loc – Chairman of Vietnam Chamber of commerce and industry – VCCI (photo) about developing, supporting large private enterprises of Vietnam.
Huge export surplus contains many potential concerns

Huge export surplus contains many potential concerns

The trade surplus in 2020 is an unprecedented figure, demonstrating a great effort in the context of the Covid-19 pandemic. However, the huge export surplus also has many potential concerns.
Take advantages of FTA, textile export grows rapidly for many years

Take advantages of FTA, textile export grows rapidly for many years

The trade surplus has outstanding growth when it reached US$11.1 billion in 2016 and US$16.9 billion in 2019.
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