Strengthening dialogue with U.S businesses

	To be expand the entire automatic customs management system at the seaports nationwide
	Leader of Ministry of Finance explains about the Bill amending 5 Tax laws
	The Deputy Minister of Finance, Mrs. Vu Thi Mai: The Customs actively and fiercely implements modernization reform

Deputy Minister of Finance Vu Thi Mai and Mr. W. Michael Michalak in the working session on 18th December. Photo: T.L

Mr. W. Michael Michalak- Vice President of USABC and representatives of businesses such as Facebook, Google, Coca Cola, 3M, and Pepsi participated in the working session.

In the working session, Mr. W. Michalak said that the U.S business community in Vietnam is interested in Vietnam’s laws and policies. In business operations, businesses attach importance to business environment, laws and policies, especially in tax policies to have long-term working plan. Vietnam is amending a series of Tax laws such as revised Law on VAT, revised Law on Special Consumption Tax, revised Law on Corporate Income Tax, revised Law on Personal Income Tax, revised Severance Tax and revised Law on Tax administration. Thereby, the representative of USABC desires a dialogue with the drafting agency to give comments and raise expectations.

The Deputy Minister of Finance Vu Thi Mai affirmed that Vietnam always has fair and equal treatment for every business and does not distinguish between foreign and Vietnam businesses. Vietnam’s Government welcomes businesses investing and doing business in Vietnam, including U.S businesses. Vietnam’s Government will remove difficulties and shortcomings that businesses face to create the most favorable conditions for businesses.

Regarding the plan on revision of the 2 basic Tax laws of Vietnam. Currently, the Ministry of Finance is consulting with the public for their comments. The Ministry of Finance wants to learn from the experiences and good practices of other countries, including the United States.

The Deputy Minister of Finance Vu Thi Mai said that in future, besides organizing the annual dialogues with the countries with high import and export turnovers, such as Japan and South Korea, the Ministry of Finance will also pay attention to the U.S.

The Deputy Minister of Finance, Mrs. Vu Thi Mai: The Customs actively and fiercely implements modernization reform VCN- Speaking at the online conference summarizing the 6-month operation of the Customs on 4th July 2017, ...

Mr. Michael W. Michalak highly appreciated the affirmation by the representative of Ministry of Finance on the equal treatment between businesses. “I am also pleased to hear that there are many opportunities for American businesses and affected people to comment on the contents of the revised tax law in the coming time. USABC will organize dialogue to gather comments of the U.S businesses on this issue”.

In the working session, Deputy Minister of Finance Vu Thi Mai confirmed that the Ministry will listen to opinions of businesses to develop tax law towards facilitation for businesses and an approach with international practices.