(ĐN)- The General Department of Vietnam Customs recently signed a memorandum of understanding granting preferential customs treatment to three foreign enterprises, the provincial Customs Department reported.
(ĐN)- The General Department of Vietnam Customs recently signed a memorandum of understanding granting preferential customs treatment to three foreign enterprises, the provincial Customs Department reported.
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Of the firms, one is located at Bien Hoa industrial zone 2 in Dong Nai, South Korean-invested Tae Kwang Vina Industrial Joint Stock Company, the others are South Korean-invested Samsung Electronics Vietnam Company Ltd at Yen Binh industrial zone in Thai Nguyen Province's Pho Yen District and Italian company Datalogic Scanning Vietnam Company Ltd at Sai Gon hi-tech park in HCM City's District 9.
The period of the preferential customs treatment is 36 months.The two other enterprises in Dong Nai including Tin Nghia Corporation and Pou chen Vietnam Ltd Company are qualified to be considered the recognitions to receive preferential customs treatment from the General Department of Vietnam Customs, the department said.
The pilot programme on priority regime of customs was carried out in 2011, with regulations set on Circular No 63 issued on May 13 and Circular No 105 issued on July 12 by the Ministry of Finance.
The experimental period came to the end when the ministry released Circular No 86 on June 27, 2013. In comparison with the two former circulars, the latest one changed conditions on export-import turnovers of preferential enterprises.
According to Circular No 105, firms getting preferential treatment in export and import of all kinds of goods must have a minimum turnover of US$350 million per year. Enterprises with preferential treatment in export of agricultural products, textiles, footwear and import of materials to manufacture the aforementioned products must have a minimum turnover of $70 million.
However, the businesses in the two categories mentioned above are required to have a minimum turnover of only $200 million and $50 million respectively, in Circular No 86.
So far, there are 16 enterprises receiving preferential customs treatment at the moment, two of them from South Korea's Samsung Corporation.
Reported by V.N
