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New customs policies introduced to Japanese firms

Japanese businesses were updated on Vietnam’s new taxation and customs policies at a dialogue held in southern Binh Duong province on April 3, which is expected to smooth the way for their operations.
Japanese businesses were updated on Vietnam’s new taxation andcustoms policies at a dialogue held in southern Binh Duongprovince on April 3, which is expected to smooth the way for theiroperations.

The event was jointly organised by the provincialDepartment of Customs, the Vietnam Chamber of Commerce and Industry inHo Chi Minh City and the Association of Japanese Businesses in BinhDuong.

Customs officials explained in detail newpoints of the new Law on Customs, which took effects as from January 1,2015, and pointed to common mistakes that businesses often made in usingdigital signature and declaring customs formalities.

Representativefrom the Japanese Consulate in Ho Chi Minh City Miyake Taek appreciatedthe initiative to organise the dialogue, saying that she hopes similarevents will be held in the future, bringing practical benefits toenterprises.

Japan is now the largest foreign investor in Binh Duong province, with more than 255 projects worth almost 4.7 billion USD.

Previously,Binh Duong’s Department of Customs also hosted a similar dialogue withover 140 businesses from the Republic of Korea operating in thelocality.-VNA

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