SEOUL — A dialogue with 118 local businesses on Viet Nam's new tax and customs policies was held in Seoul on Friday .
The event was part of a working visit to South Korea by a Finance Ministry delegation led by Deputy Minister Do Hoang Anh Tuan.
The delegation answered questions on the country's tax incentives, corporate taxes, value added tax and new regulations on customs procedures. Tuan said more than 70 per cent of Korean businesses investing in Viet Nam were up to medium size so they faced difficulties in accessing policies and dealing with issues on procedures and tax incentives.
He said Viet Nam's Finance Ministry and General Department of Taxation had planned to co-ordinate with South Korean authorised agencies in facilitating Korean businesses' operations in Viet Nam.
Tuan said the dialogue was the first between the two sides since their tariff co-operation agreement was signed since March 1995.
Before the dialogue, the Vietnamese delegation worked with the South Korean departments of taxation and customs to exchange experiences in building automatic information systems.
South Korea is a world leader in the application of e-technology in tax and customs procedures. — VNS
