USABC wants to continuing exchange and having dialogue with Ministry of Finance

The scene of the working session

At the meeting, Mr. Michalak expressed his gratitude to the Ministry of Finance for facilitating US businesses to have a favorable business environment throughout their time, and trust in Vietnam's financial reform that has been done in recent years as well as in the past.

According to Mr. Michalak: "After the open dialogues about difficulties and constraints on policy mechanisms, especially investment policies, taxes ... for US businesses investing in Vietnam has been dismantled. This helped the production and business activities of US businesses in Vietnam to have improved significantly. This is the important premise to create confidence for US businesses to continue to research and invest in Vietnam. USABC is committed to continue to be the bridge between US businesses and Vietnam because of the potential for investment cooperation between the two sides.

Moreover, Mr. Alexander Feldman also expected to continue discussions with the Treasury for consultations and suggestions with the Treasury to help US businesses grow and contribute to economic development.

At the meeting, representatives of US businesses also made some suggestions and recommendations related to such contents as the plan to strengthen Vietnam’s taxation legal system, namely the project on amendment of tax laws, tax administration law; The policy of taxing sugar products; Tax policy for internet-based service transactions, including cross-border transactions; Other recommendations and problems of US businesses.

Prior to the comments from USABC, Deputy Finance Minister Tran Van Hieu said that issues related to the financial sector were discussed during the meeting, the Ministry of Finance will absorb, study each issue and shall advise the Government and the National Assembly in the process of amending and supplementing tax laws, ensuring compliance with international practices and creating equal conditions for all investment and enterprises settled in Vietnam.

Deputy Minister Tran Van Hieu expressed his hope that in the near future, the Ministry of Finance of Vietnam will continue to receive the close cooperation and effective cooperation of the US-ASEAN Business Council.