HCM City supports OV enterprises

Thien Thanh Sanitaryware joint company



HCM City supports OV enterprises

 
 
 
Measures to resolve difficulties and support business and investment activities of overseas Vietnamese (OV) enterprises were discussed in a conference held in Ho Chi Minh City (HCM City) on August 21. Co-hosted by the Investment and Trade Promotion Centre of HCM City (ITPC) and the municipal Committee for Overseas Vietnamese Affairs, the event included an open dialogue between over 70 OV entrepreneurs doing businesses in the city and local officials including those from the Departments of Customs and Tax.

According to Deputy Director of the city’s Committee for Overseas Vietnamese Affairs Nguyen Truong Nhan, the business community is showing great interest in the city’s investment climate, businesses and preferential policies in customs and taxation.

The event was also a great opportunity for enterprises to meet officials of the city’s departments and industries to seek answers to problems they counter in manufacturing and business activities, he added.

Issues discussed at the event focused on value added tax (VAT) for import-export goods, tax and customs declaration, and tax payment.

Local authorities agreed to intensify supporting activities for enterprises conducting business in the city through specific solutions.

In recent years, businesses run by OV entrepreneurs have actively contributed to the city’s economic development. In July, overseas remittances sent to the city reached 2.42 billion USD.

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