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MoF talks of favorable conditions for Korean firms
Date: 9/22/2012 8:07:03 PM
The Finance Ministry has recently held a conference to update policies and administrative procedures in taxation and customs for the Republic of Korea’s (RoK) enterprises.
Mr. Ha Chan-ho, Korean Ambassador to Viet Nam, said that in the first 8 months of this year, the RoK had 136 new investment projects and 45 operational projects raising their capital, with the combined capital of US$654 million, becoming Viet Nam’s third biggest foreign investor.At the conference, Deputy Minister of Finance Do Hoang Anh Tuan and leaders of the General Department of Taxation and the General Department of Viet Nam Customs answered many questions about tax and customs policies, processes of import-export, and production of Korean companies in Viet Nam.
The RoK has had 2,900 investment projects totaling over US$23 billion in Viet Nam, mostly in manufacturing, real estates and construction.
Korean firms expect Viet Nam’s stronger support, especially through better taxation and customs policies.
(Source:Government Web Portal)
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NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
