The Customs Department of the southern province of Dong Nai organised atalk with 130 enterprises from the Republic of Korea (RoK) located inthe locality on August 28, updating them on new tax and customsregulations, and providing them an opportunity to express theiropinions.
The firms were informed of a new circularissued by the Ministry of Science and Technology on the import ofsecond-hand equipment, as well as policies on corporate income, foreigncontractor 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 sectorwill continue its efforts to shorten the duration of customs clearance,make fees more transparent, and support enterprises via direct dialoguesand other channels.
So far, RoK businesses haveinvested in 280 projects worth more than 4.3 billion USD in Dong Nai,ranking second among foreign investors in the number of projects in theprovince. As many as 10 percent of Vietnam ’s total RoK projects arelocated in Dong Nai.-VNA