FDI enterprises call for production assistance
Foreign Direct Investment (FDI) companies operating in Vietnam have made some proposals to relevant agencies to help businesses expand production and boost exports.
The proposals were mentioned in talks on tax and labour issues held by the Ministry of Industry and Trade (MoIT) in Hanoi on May 14.
According to Deputy Director General of the MoIT Export-Import Agency Tran Thanh Hai, Vietnam now has 14,522 projects invested by 100 countries and territories totalling US$210.5 billion in registered capital.
In particular, the processing industry accounts for 50.3 percent of the total registered capital, followed by the property market (23.6 percent), and hotel and restaurant services (5 percent), Hai noted.
Among the country’s investment partners, Japan ranks first with US$28.6 billion followed by Taiwan, Singapore and the Republic of Korea (RoK).
FDI enterprises play an important role in the country’s exports with key goods such as computers, electronic products and parts, and machinery.
The RoK-financed Doosan Heavy Industries Vietnam Co. Ltd, which has to import 80-90 percent of its raw materials, suggested the Government extends the grace period for tax payment from 275 to 365 days.
Canon Vietnam Co. Ltd, which has been operating in the country for 10 years, wants relevant agencies to facilitate the company in purchasing printing machines and camera moulds made in Vietnam.
Besides, a representative from Samsung Vina expressed the company’s hopes that relevant authorities will help ensure human resources and maintain the number of labourers for its factories by improving housing and providing relevant facilities.