HCM City customs agency addresses Japanese firms’ concerns
The Customs Department of Ho Chi Minh City held a dialogue with more than 200 Japanese businesses on November 22 to inform them about new customs regulations and field their questions.
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Valuing Japanese firms’ adherence to local regulations, Director of the Customs Department Dinh Ngoc Thang said through this event, his agency collected businesses’ opinions about tax policy and customs procedures, so as to remove obstacles facing them in a timely manner, reduce administrative procedures and improve the investment climate in Vietnam.
Kadowaki Keiichi, Chairman of the Japanese Business Association of Ho Chi Minh City (JCCH), said the dialogue gave Japanese firms a chance to talk face-to-face with and understand the cooperative spirit of the customs agency. They hope that it will become a frequent activity.
He noted the meeting helped consolidate Japanese firms’ trust in the partnership with the local customs department. He also expected they will expand their investment in Vietnam, including HCM City, to contribute to the two economies.
Japanese investment in Vietnam is growing strongly, reaching US$9.5 billion between January and October this year, turning Japan into the country’s top foreign investor. Over the last four years, the number of Japanese businesses in the Southeast Asian nation soared by 40%. Bilateral trade is expected to approximate US$34 billion in 2018.
