Deputy General Director of LG: We get strong support from the Customs
LG Vietnam is certified as an Authorized Economic Operator |
Mr. Kim Jae Beb stated at the conference held by Hai Phong Customs on 7th May 2018. Photo: T.B |
At the conference “Solution to enhance the Customs-business partnership 2018” held by Hai Phong Customs on 7th May, Deputy General Director of LG Display Vietnam Hai Phong Co., Ltd, Kim Jae Beb, stated that the company got the strong support from Hai Phong Custom during carrying out Customs procedures, especially at the time when the company needed to carry out Customs clearance procedures out of working time. When facing obstacles, the company was dedicatedly guided by Customs officials.
According to the representative of LG Display Vietnam Hai Phong Co., Ltd, as in Vietnam the investment, business and production in South Korea or China, the company must study and update Customs law.
However, he said that the company was still faced with difficulties in the implementation of administrative procedures related to imports and exports in Vietnam.
“Due to that the foreign companies have limitations in grasping Vietnam’s laws and regulations, thereby, the implementation cannot avoid shortcomings. In these cases, the company desires to receive detailed instructions from the Customs authorities "- Mr. Kim Jae Beb suggested.
Mr. Kim Jae Beb also shared that “the company has been enjoying many favorable conditions in imports and exports since it was recognized as an Authorized Economic Operator (AEO) in 2017. From the achievements gained by LG Display Viet Nam Hai Phong, many FDI enterprises desire to be recognized as AEOs to improve the standards on management and effective development of the Customs and Tax environment in enterprises”.
AEOs are prioritized tax payment deadline for taxes related to imported and exported goods VCN- Authorized Economic Operators (AEOs) are prioritized tax payment deadline under provisions of Article 9, Law on ... |
Mr. Kim Jae Beb said that conferences such as the conference “Solution to enhance the Customs-business partnership 2018” held by Hai Phong Customs would strengthen the partnership and understanding of each other between the enterprises with Customs authority and Vietnam’s State management agencies.
LG Display Vietnam Hai Phong Co., Ltd, has a total investment of US$ 1.5 billion and is built on an area of 800 hectares in Trang Due Industrial Zone, Hai Phong. In the first five years of operation, 70% of the company's products are exported to 35 countries in the world. The company was certified as an AEO in 2017 by the General Department of Vietnam Customs. |
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