Over 500 firms in the southern region gathered at a dialogue in Ho Chi Minh City on November 5 to recommend solutions to removing red tape in administrative procedures, taxation and customs.

A majority of them shared the view that tax refunds remain slow while guiding documents still contain misleading details.

They also dug into how property developers pay for land use and corporate income tax is cut at appropriate rates.

Chairman of the HCM City Real Estate Association Le Hoang Chau called on the Ministry of Finance (MoF) to make the 30 trillion VND (1.4 billion USD) support package available to more home buyers as scheduled because numerous property developers are on the brink of bankruptcy.

According to him, the property market is closely linked to other economic sectors and its recovery will be helpful for them.

Referring to customs, representatives from over 1,000 enterprises in industry lauded the launch of e-customs that have helped facilitate exports-imports. However, they noted that it is necessary to upgrade the system so that more data will be processed.

Deputy Finance Minister Do Hoang Anh Tuan and tax and customs officials cleared up a number of queries. They also vowed to consider feasible suggestions for supplements to taxation policies in the future.

The event was a joint collaboration between the MoF and the Vietnam Chamber of Commerce and Industry.-VNA