Enterprises warned against exchange rate risks
Firms must consider measures on how to mitigate exchange rate risks such as forward and swap dealings in the face of the foreign exchange market undergoing sharp fluctuations, experts have noted. Economic expert Bui Quang Tin said that China is undergoing yuan depreciation as a response to the United States’ trade policy triggered by escalating […]
One-time ruling – Reduce time and costs for enterprises
VCN – The number of importers registering one-time ruling and using the ruling result many times is increasing after commitments on facilitation by the Ho Chi Minh City Customs Department. Saving time and costs As one of the first enterprises registering one-time ruling at Customs Branch at Saigon Port Zone 1, Pham Tien Luc, staff […]
New policies take effect this month
Policies relating to smuggled tobacco, bank cards, child care and teachers’ probationary periods are set to take effect this month. The finance ministry’s Circular 122/2018/TT-BTC on the management and use of funds raised through auctions of smuggled tobacco products takes effect on February 1. Since the middle of last year, following a decision by the […]
Guidance to lodge license in customs dossier
VCN – General Department of Vietnam Customs has instructed provincial Customs Department to implement the inspection for import license in customs dossier for the case of importing medicine, materials for producing medicine without carrying registration paper in Vietnam, except pharmaceuticals under process as stipulated at Point b, Clause 4, Article 92 of Decree 54/2017/ND-CP of […]
Proposing to reduce import duty for mineral products to 0%
VCN- The Ministry of Finance has completed the draft Decision of the Prime Minister amending and supplementing Clause 1, Article 1 and Appendix of the normal import tariffs of the Prime Minister’ Decision No. 45/2017/QD-TTg amending and supplementing Decision No.36/2016/QD-TTg regulating the application of normal tax rate for imported goods. Specifically, the tax rates for […]
Search Make a list of imported goods first, and then adjust time for tax exemption
The General Department of Customs recently sent a document to respond to the Emirates Airline Ticketing Office in Vietnam about the proposal of adjustments for Emirates to enjoy tax exemption for imported goods under international treaties, and guide the refund procedures which have already been paid before the issuance of tax exemption decision of the […]
Search Removing obstacles on tax policies in implementing Decree 59 and Circular 39
VCN- Facing the obstacles from municipal and provincial Customs Departments in implementing Decree 59/2018/ND-CP and Circular 39/2018/TT-BTC, the Import-Export Duty Department under the General Department of Vietnam Customs has specifically answered on the following contents: the time limit for tax payment, subjects of Tax inspection and guarantee, dossier on tax exemption for import goods, and […]
Half of business conditions to be cut before August 15
The Prime Minister has recently directed ministries and sectors to cut at least half of their business conditions before August 15, which is earlier than the deadline of October 30 set in Government Resolution 01 issued at the beginning of this year. Under Directive 20, the cabinet head requires business conditions to be actually cut […]
The granting of Preferential Certificate of Origin will be classified from 15th August
According to the Government’s portal, from 15th August 2018, the granting of Preferential Certificate of Origin will be implemented by the channel classification method under provisions in Circular 15/2018/TT-BTC issued by the Ministry of Industry and Trade. Green channel regime In order to be applied the Green Channel regime in the procedure for granting preferential C/O, […]
Guarantee for foreigners to get Vietnamese visas regranted
I am from the Republic of Korea and currently doing business in Vietnam. I have lost all of my papers for my residence in Vietnam while other personal papers have expired for six months. What should I do to continue residing in Vietnam? Is my case a violation of Vietnamese law and subject to expulsion […]