Binh Duong facilitates businesses’ operation

Update: 11-07-2015 | 10:55:21

Early June 10, Tran Van Nam, Chairman of provincial People’s Committee and Tran Thanh Liem, Vice-Chairman of provincial People’s Committee had a meeting with representatives of province-based Japanese businesses. Attending the event were also Japanese Consulate General to HCM city Satomi Nakjima together with representative of the HCM city-based Japanese Business Association.

Creating an effective investment climate

At the meeting, according to Nguyen Thanh Truc, Director of provincial Department of Planning and Investment (DoPI), Binh Duong is one of Vietnam’s flexible localities in economic development and foreign investment attraction with a favorable geography position. Binh Duong has always seen FDI capital as a driving force for the local socio-economic development. Provincial leaders are also very flexible in dealing with businesses’ difficulties and have well applied central regulations on investment attraction. There is also a synchronous socio-economic infrastructure system in association with urban development together with administrative reform well realized…

Representative of a Japanese business presenting his ideas at the meeting

Over the past time, Binh Duong reached many big results in building and developing industrial parks at the local demand for investment attraction. The whole province is now home to 28 industrial parks with total area of 9,423 hectares and land tenancy ratio of 65%. Till 2015, the province will develop 35 industrial parks with more than 13,919 hectares in total.

According to leaders of provincial DoPI, Binh Duong has till now absorbed businesses from 40 countries and territories. Among them, Japanese businesses now take the lead in investment capital with US$4.87bln. This shows that the province’s favorable and flexible investment climate is an attractive element to foreign investors, especially Japanese ones.

Tsutomu Sakagami, Chairman of the HCM city-based Japanese Business Association said that Binh Duong is among the southern region’s 4 localities absorbing a large amount of investment capital from Japanese investors. Possibly speaking, this is a locality with good investment climate. With policies underway, Binh Duong has made laborers feel secure when living and working herein.

Whilst, Nakata Yasuya Ki, General Director of Becamex Tokyu Co.Ltd. said that FDI capital flows into Binh Duong have continued getting a sharp increase. This has come from the province’s sound policies. He added: “…In the coming time, we will further join hands with the province to work out many other projects, contributing to promoting Binh Duong new city.

Opportunely removing businesses’ queries

At the meeting, representatives of Japanese businesses said that they have faced difficulties regarding online tax declaration, product registration, implementation of the 2014 Law on Enterprises, policies on tax, social insurance, unemployment insurance…

Le Van Trang, Head of provincial Tax Department stated that his department would recheck a list of tax payers in the province in order to immediately send information about online tax declaration to them. The Department would also organize a dialogue on tax policies with businesses by the end of July, contributing to facilitating their production and business operations”.

Also according to him, electronic tax payment is a policy of the Vietnamese government. And this is implemented in most developed countries. The goal of electronic tax payment is to facilitate businesses’ tax payment process. As stipulated, all businesses operating in Vietnam must implement electronic tax payment and declaration by the end of September 2015.

Businesses’ questions on social insurance, unemployment…also received satisfactory answers from the local functional agencies at the meeting.

Addressing the meeting, Mr.Nam acknowledged contributive ideas by businesses while suggesting relevant sectors to give answers in concrete text for some questions that are under their competence, but have not been answered at the meeting yet. For questions without the local competence, the province would collect them and then submit them to relevant ministries and sectors for consideration and solution.

Mr.Nam said that Japanese businesses operating in Binh Duong have well obeyed Vietnam’s legal regulations, taken good care of laborers’ lives and actively got involved in social charity activities, contributing to promoting the local socio-economic development. He also hoped that the HCM city-based Japanese Business Association would continue acting as a bridge between the local administration and Japanese businesses…“Binh Duong has always accompanied businesses and created best conditions for them to effectively work”, he affirmed.

Reported by Phuong Le-Translated by K.T

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Binh Duong facilitates businesses’ operation

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