HCM City Customs: Facilitating maximally for FDI enterprises

HCM City Customs: Facilitating maximally for FDI enterprises

Many foreign direct investments (FDI) enterprises carrying out procedures at Investment Customs Branch said that businesses were very convenient in the clearance of import and export goods
Removing obstacles for cashew businesses

Removing obstacles for cashew businesses

VCN – On September 26, the investment management customs branch worked with Vietnam Intersnack Cashew Co., Ltd to solve problems related to the consumption and handling of cashew by-products collected from export processing. These problems were raised at
Practical policies needed to "support" the processing and manufacturing industry

Practical policies needed to "support" the processing and manufacturing industry

VCN - Since the beginning of the year, FDI has poured into the processing and manufacturing industry which continues to occupy an overwhelming position compared to other fields. Many investors find Vietnam as a promising investment destination. However, i
VN agriculture needs modern processing industry

VN agriculture needs modern processing industry

Developing a modern processing and preservation industry is vital for the agricultural sector to increase the added value of farm produce and expand exports.
Seafood exports increase slowly, businesses worry about lack of raw materials

Seafood exports increase slowly, businesses worry about lack of raw materials

VCN - Seafood exports in May did not maintain the same positive growth rate as the previous month, but still reached USD 1 billion , 27% higher than the same period in 2021.
Instructions for applying customs regime when transferring materials from one contract to another

Instructions for applying customs regime when transferring materials from one contract to another

VCN - According to the guidance of the General Department of Customs, in case an enterprise transfers raw materials and supplies from one processing contract to another, the customs regime E54 should be used.
Modernize the management of processed goods, export production and export processing enterprises

Modernize the management of processed goods, export production and export processing enterprises

VCN - With the trend of growth in declarations, export and import turnover, and export processing, the customs management of processed goods, export production and export processing enterprises (EPEs) has been modernized.
What conditions are exempt from import duty on goods for export production?

What conditions are exempt from import duty on goods for export production?

General Department of Vietnam Customs gave an answer to a question from the Tobacco Import-Export Company regarding tax exemption for imported raw materials for the production of export goods
Processing industry makes up over 86 percent of total export revenue in nine months

Processing industry makes up over 86 percent of total export revenue in nine months

Processing industry contributed 86.27 percent to the total export revenue of the country in the first nine months of 2021, according to the Ministry of Industry and Trade.
Modernising management of goods processed and manufactured for export

Modernising management of goods processed and manufactured for export

VCN - Procedures related to export processing and manufacturing goods will be carried out online. Information about management of export processing and production, import, export, inventory of raw materials, supplies and machinery between enterprises and
Vietnam needs to invest in processing, packaging of agricultural products: experts

Vietnam needs to invest in processing, packaging of agricultural products: experts

Fruit and vegetable exporters should improve their processing technologies, especially in the post-harvest and packaging stages, to preserve their products longer and enhance their value, experts said.
Decree 18: Supplement regulations to ensure equality between production and processing

Decree 18: Supplement regulations to ensure equality between production and processing

VCN- Article 12 in Decree 134 does not provide for goods imported for export production that are allowed to be destroyed in Vietnam and actually destroyed.
Expose act of using duty-free materials for domestic consumption

Expose act of using duty-free materials for domestic consumption

VCN- Through monitoring and control, Customs discovered a number of fraudulent cases of bringing raw materials into domestic consumption to evade taxes.
Enterprises not subject to tax assessment if they comply with regulations on outsourcing processing

Enterprises not subject to tax assessment if they comply with regulations on outsourcing processing

VCN- Facing the problems of HANJOO TRADE Co., Ltd on assessing taxes on goods imported for processing and processed by an outsourcing company, the GDVC said regulations on outsourcing goods are in the Law on Export and Import Tax, Customs Law, Decree 134/
Low growth industry in the first quarter

Low growth industry in the first quarter

VCN - The processing and manufacturing industry has witnessed the lowest growth in the period 2016-2020, while electricity production and distribution has grown steadily , the mining industry fell sharply mainly due to crude oil and natural gas exploitati
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