Logo of Phnom Penh Post newspaper Phnom Penh Post - Businesses, policymakers in VN discuss taxation, customs

Businesses, policymakers in VN discuss taxation, customs

Content image - Phnom Penh Post
Vietnam’s business leaders and policymakers review the latest changes in taxation and customs during a meeting in Hanoi on Tuesday. Photo supplied

Businesses, policymakers in VN discuss taxation, customs

Vietnam's business leaders and policymakers reviewed the latest administrative and regulatory changes in taxation and customs during a meeting on November 24 in Hanoi.

Deputy Minister of Finance Vu Thi Mai said her ministry has been seeking to facilitate business activities, especially in tax and customs procedures.

Administrative reforms have been implemented in recent years to modernise the country’s tax code and management of import/export activities in accordance with international treaties and standards. Regulatory bodies have strived for greater efficiency and transparency to support businesses in coping with the Covid-19 pandemic.

One of the ministry’s top priority is to complete the implementation of Viet Nam’s one-door national portal, which aims to help business significantly reduce the amount of money and time spent on administrative procedures, particularly import/export businesses, according to Mai.

To date, the portal can process nearly 200 administrative procedures and allow businesses to file their tax applications electronically in a network that includes 55 commercial banks.

A report by the ministry said 97.6 per cent have used the portal to pay their taxes. The General Department of Taxation has piloted a programme to issue e-invoices in Hanoi and Ho Chi Minh City. The next step is to implement it nationwide from July 2022.

Meanwhile, the General Department of Vietnam Customs has made significant progress in upgrading its automated customs services and streamlining protocols, saving businesses time and money while reducing clearance time.

Vietnam Chamber of Commerce and Industry (VCCI) vice-chairman Hoang Quang Phong said it’s important for the customs and tax departments to work closely with the business community to identify inefficiencies.

At the event, businesses raised concerns over officials’ responsibility and accountability for their audits, including those that may later turn out to be wrongful or unlawful.

They also voiced concerns over instances in which officials’ misconducts may cause businesses to suffer damage to their reputation or finances and what measures could be taken for firms to seek remedies.

The VCCI said it planned to collect feedback and suggestions from businesses for a report, which will be compiled and submitted to Prime Minister Nguyen Xuan Phuc once a month for reviews to address the most pressing issues faced by the business sector.

The finance ministry said it has appointed senior officers from the general departments of taxation and customs to follow up with questions and concerns raised by businesses during the forum.

The meeting is an annual event organised by the ministry and the VCCI.



  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • Honda shutters Siem Reap football club

    Japanese football legend Keisuke Honda, the owner of Siem Reap football club Soltilo Angkor FC, has been forced to shut the club down, after it failed to attract sponsorship for the upcoming season. Honda, the former manager of the Cambodia men's national football team, said

  • PM declares ASEAN Para Games open

    The 12th ASEAN Para Games officially kicked off on the evening of June 3 at Morodok Techo National Stadium in Phnom Penh, with a spectacular opening ceremony featuring fireworks and performances by some of the Kingdom’s most accomplished talents. Tens of thousands of sports fans

  • Hun Sen warns of regional tensions

    ASIA is becoming a dangerous geopolitical hotspot, with several countries announcing that they intend to send naval vessels towards Southeast Asia and on to the South China Sea, warned Prime Minister Hun Sen. “Heated geopolitical issues can easily escalate, namely to war. I am not