In the morning August 31st, 2017, Planning and Investment Department and Tien Giang Industrial Zone Authority (TIZA) had signed the cooperation mechanism agreement on investment procedures and business registration of foreign investors in Tien Giang in accordance with Circular 02/2017/TT-BKHĐT dated April 18, 2017 by Planning and Investment Ministry, one door mechanism for short.

Planning and Investment and TIZA signed the cooperation mechanism agreement

Then, assignment shall comply according principles such as: Investment law, business law, Decree 118/2015/NĐ-CP, Circular 02/2017/TT-BKHĐT; to specify the right and responsibility of two authorities and other departments on administrative procedures of foreign investors; not to arise troubles make investors inconvenient and to solve documents according to one door mechanism, not to exceed the time to solve the documents.

The investors may choose business registration according to one door mechanism regulated in the Circular 02/2017/TT-BKHĐT or according to Investment Law, Business Law and other gudances to solve one by one.

According to: http://baoapbac.vn/kinh-te/201708/tien-giang-tiep-tuc-tao-dieu-kien-thuan-loi-cho-nha-dau-tu-nuoc-ngoai-755136/

         Collector:  Nguyen Tran Thai Hoa  Translator :  Nguyen Tran Thai Hoa 

Minister and director of Government’s Office, Mr, Mai Tien Dung said that Government shall decrease the input expense for enterprises because total of unsold administrative formalities are now up to 5,719 sets.

 The spokeman of Government said that, in the morning of August 3rd, under the instruction of Prime Minister Nguyen Xuan Phuc, Government discussed reducing input cost for business, taxes and fees such as road tolls through BOT station, to reduce customs procedure and fees as well as administration...; At the same time the Government confirmed the determination to achieve growth of 6,7% this year.

The spokeman of Government added, the Prime Minister has assigned the Ministry of Finance continue to study and remove difficulties for businesses through policies on taxes, fees ... to help businesses cut back cost, develop the market, compete effectively.

Along with that, ministries and localities continue to speed up the reform of administrative procedures, focus on solving difficulties, creating favorable conditions for business development, especially promoting the progress of implementation of Resolution 19, Resolution 35, and Directives of the Prime Minister, such as strengthening tax declaration and payment; step by step to reduce the rate of specialized inspection of the customs clearance period from 30-35% to 15%; to reduce costs associated with import-export procedures to reduce the burden on businesses.

The Prime Minister assigned the State Bank to reduce the lending interest rates to reduce the cost of capital for businesses; At the same time, to consider and study the appropriate mobilization of gold and foreign currency sources among the population. To focus on credit for priority sectors (agriculture, export, supporting industries, small and medium enterprises, hi-tech enterprises ...); to guarantee to increase credit as plan to growth promotion.

(Reports: http://enternews.vn/chinh-phu-yeu-cau-ra-soat-hon-5-000-thu-tuc-giam-chi-phi-cho-doanh-nghiep-114915.html)

Collector：Pham Thi Ngoc Chon        Translator:  Nguyen Tran Thai Hoa

On July 28, 2017, General tax department announced the program in the country: “To accompany startup enterprises” with the slogan “to startup confidently, we accompany you”

General Director of General tax department - Mr. Bui Van Nam and Chairman of VCCI - Mr. Vu Tien Loc press the button to start the program

Exchange with the reporter, Deputy General Director of General tax department, Mr. Nguyen Dai Tri showed that the purpose of program is to create favorable conditions for enterprises to approach easily supportive information channels of the tax department, to complete administrative procedures quickly, conviently and economically; to share and accompany enterprises to make them feel safe in trading. Then, enterprises could approach supportive informations, guidances from the establishment stage to declaration and application of tax, using the invoices and balance book.

For more easy approach, tax department opened private channels such as: to set up direct supportive points, provide phone number, email address. Especially, tax department established the program “To accompany startup enterprises” on website of General tax department and 63 tax departments of other areas. The program should provide fully important informations to enterprises; at the same time, the enterprises could send requirements to tax departments for the instructions.

According to: http://vcci-hcm.org.vn/kinh-te-trong-nuoc/nganh-thue-dong-hanh-cung-doanh-nghiep-khoi-nghiep-tt7025.html

         Collector:  Nguyen Tran Thai Hoa    Translator :  Nguyen Tran Thai Hoa     

The commitment of opening market up to more 99% of numbers of tax line and turnover, goods for export are applied 0%, Vietnam - EU Free Trade Agreement (EVFTA) is expected to be in valid in 2018 and bring many benefits and opportuinties for enterprises.

Minister of Industry and Commerce Ministry, Mr. Tran Tuan Anh assumed that when the Agreement is signed and effetive in 2018, Vietnam could be the biggest trade partner of EU in Asean. Moreover, Vietnam shall be the most hopeful destination of trade of European enterprises in Asean. Then, the position of Vietnam shall be raised higher in international trade relationship as well as EU to meet the demand of domestic and European enterprises.

According to: http://baochinhphu.vn/Hoi-nhap/Viet-Nam-co-the-tro-thanh-doi-tac-thuong-mai-lon-nhat-cua-EU-tai-ASEAN/312711.vgp

Collector:  Nguyen Tran Thai Hoa  Translator :  Nguyen Tran Thai Hoa  

 On July 21, Mr. Le Van Huong, Deputy provincial party committee secretary and Chairman of Tien Giang People’s Committee had worked with Plan and Investment.

At the meeting, Mr. Tran Van Dung, Director of Plan and Investment reported their duty in 6 early months of year; they simultaneously mentioned obstacles, difficulties for the best solutions.

In the past year, with the assignment, Plan and Investment department consulted provincial People’s Committee to implement successfully Province’s Decree, the plan of Provincial People’s Committee on 3 areas - urban economic development, environmental investment improvement, enterprise establishment, management quality, use effectively resources for promoting the investment and administrative reform.

Mr. Le Van Huong - Chairman of Provincial People’s Committee highly appreciated the role of Plan and Investment department in social - economic development. At the same time, he desired the department to change and improve consultancy quality. Training work, studying, exchanging experiences need to be interested in it. The consultancy work shall be continued to offer solutions and suggestions for the province in investment. Purposes of Province’s Decree are implemented successfully and to cooperated with other departments for the common target, improve human resource quality in 3 areas urban economic development. 

            (Reports:http://tiengiang.gov.vn/vPortal/4/625/6407/109192/Chinh-tri/Chu-tich-UBND-tinh-lam-viec-voi-So-Ke-hoach-va-Dau-tu.aspx)

Collector：Pham Thi Ngoc Chon        Translator:  Nguyen Tran Thai Hoa