Vietnam eyes easier import procedures for foreign firms
Vietnam’s trade ministry has urged the government to allow foreign-invested companies to import production materials without having to apply for approval from concerned authorities.
Currently, a foreign enterprise needs permission from either the administration or the trade and tourism department of the industrial zone, or the province where it is located to import equipment and machines to amass company assets and materials for production.
The government should abolish the procedure to allow foreign businesses to directly fulfill customs formalities on imports of materials or accessories for production without going through any phase of approval, the ministry said.
The ministry has sent the request to the Prime Minister for approval.
However, the ministry said it is still necessary to apply the procedure on foreign businesses’ import of goods for sale at trading centers, tourist areas or entertainment centers.
Source: Tuoi Tre newspaper – Compiled by Hieu Trung.
Story from Thanh Nien News
Published: 05 April, 2005, 15:46:27 (GMT+7)
Copyright Thanh Nien News
