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The Ministry of FiRoK businesses informed about tax policiesnance (MoF) held a dialogue with businesses from the Republic of Korea (RoK) businesses in Ho Chi Minh City on September 21 on tax policies and administrative procedures.

At the dialogue, representatives from the MoF, the GeneralDepartments of Customs and Taxation updated information on Vietnam’s tax and customs policies and administrative procedures issued since June 2011.

Speaking at the event, Deputy Minister Do Hoang Anh Tuan spoke highly of contributions made by RoK businesses in Vietnam, saying that their production, business and investment activities have importantly contributed to Vietnam’s economic development.

The MoF always listens to recommendations made by the business community in order to gradually complete the country’s tax and custom management policies and procedures in a transparent, efficient and effective manner, he stressed.

RoK Ambassador to Vietnam Ha Chan-ho expressed his belief that the dialogue will help RoK businesses improve their understanding of Vietnam’s taxation law.

In the first eight months of 2012, the RoK had 136 newly licensed projects and 45 others added investment with a total capital of 654 million USD, ranking third among foreign investors in Vietnam .

On the same day, a get-together between Vietnamese and RoK businesses was held in Ba Ria-Vung Tau province as part of the Vietnam-RoK Cultural Week hosted by the southern province on the occasion of the 20 th anniversaryof the two countries’ bilateral diplomatic ties.

At the event, the two sides reviewed their cooperation over the past time as well as introduced their potential, advantages and investment opportunities to each other.

On the occasion, the provincial External Affairs Department and the Association of RoK People in Ho Chi Minh City signed a memorandum of understanding on their future cooperation.-VNA

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