Seeking ways to alleviate difficulties for FDI enterprises

(VOV) - HCM city’s customs has taken drastic measures to remove investment barriers and improve conditions for foreign direct investment (FDI) businesses to create a healthy and competitive business environment.

The intiative comes after Intel Products Vietnam, a FDI enterprise earning around US$1.5 billion in revenue after 11 months of this year encountered difficulties in purchasing import materials from local companies.

Following complaints about the amount of time and unecessary costs incurred during import procedures, Vietnam Customs revised their import strategy and came up with a satisfactory solution for all parties..

One of the most challenging issues faced by FDI enterprises in HCM City is important documents going missing, making it extremely difficult to make liquidation with the customs sector.

HCM City Department of Customs Deputy Head Nguyen Huu Nghiep  that the situation was largely attributed to  FDI businesses using broker servies to complete formalities and documentation rather than dealing with the customs department direct.

He pledged to examine and solve similar problems for FDI enterprises. Stating that in the future, the customs sector will implement policies to develop effective working partnerships between the customs sector and businesses nationwide, especially when Vietnam joins the Trans-Pacific Partnership (TPP) Agreement.

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