Foreign Direct Investment (FDI) companies operating in Vietnam have made some proposals to relevant agencies to help the businesses expand production and exports.
The proposals were mentioned in talks focusing on tax and labour issues held by the Ministry of Industry and Trade (MIT) in Hanoi on May 14.
According to Deputy Director General of the MIT Export-Import Agency Tran Thanh Hai, Vietnam now has 14,522 projects with investment from 100 countries and territories totalling 210.5 billion USD in registered capital.
In particular, the processing industry accounts for 50.3 percent of the total registered capital, followed by the property market with 23.6 percent, and hotel and restaurant services with 5 percent, noted Hai.
Among the country’s investment partners, Japan ranks first with 28.6 billion USD followed by Taiwan , Singapore and the Republic of Korea (RoK).
FDI enterprises play an important role in the country’s exports with key goods such as computers, electronic products and parts, and machinery.
The RoK-financed Doosan Heavy Industries Vietnam Co. Ltd, which has to import 80-90 percent of its raw materials, suggested the Government extends the grace period for tax payment from 275 to 365 days.
Canon Vietnam Co. Ltd, which has been operating in the country for 10 years, wants relevant agencies to facilitate the company in purchasing printing machines and camera moulds made in Vietnam.
Besides, a representative from Samsung Vina expressed the company’s hopes that relevant authorities will help ensure human resources and maintain the number of labourers for its factories by improving housing and providing relevant facilities.