The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment hosted a seminar in Hanoi on October 1, to seek ways to address the challenges that face Japanese businesses in Vietnam.
Do Nhat Hoang, head of the FIA, said out of the 500 Japanese firms surveyed, almost of them faced difficulties in infrastructure, human resources, administrative procedures, laws and regulations on accounting, auditing, taxation, investment and trading.
Many Japanese businesses asked the Vietnamese Government to improve communication and industrial zone infrastructure nationwide. They cited the lack of high-quality electricity supplies, especially during the summer, as a major obstacle for their production and trading activities.
Many Japanese representatives also touched upon the taxation reforms, the structure of the State budget’s collection in the near future and the capacity of Vietnam ’s Customs sector, especially single gate customs clearances and e-customs.
As of September 20, Japan had invested in 1,748 valid projects worth 28.6 billion USD in Vietnam, ranking first out of 96 countries and territories across the world to invest in the country.-VNA
Do Nhat Hoang, head of the FIA, said out of the 500 Japanese firms surveyed, almost of them faced difficulties in infrastructure, human resources, administrative procedures, laws and regulations on accounting, auditing, taxation, investment and trading.
Many Japanese businesses asked the Vietnamese Government to improve communication and industrial zone infrastructure nationwide. They cited the lack of high-quality electricity supplies, especially during the summer, as a major obstacle for their production and trading activities.
Many Japanese representatives also touched upon the taxation reforms, the structure of the State budget’s collection in the near future and the capacity of Vietnam ’s Customs sector, especially single gate customs clearances and e-customs.
As of September 20, Japan had invested in 1,748 valid projects worth 28.6 billion USD in Vietnam, ranking first out of 96 countries and territories across the world to invest in the country.-VNA
