VietNamNet Bridge – A wider door will open for many
Vietnam-based firms to benefit from new special customs priorities.
Dang Phuong Thuy, vice head of
Vietnam Customs’ Department for Trade Policy Examination, told VIR that the
Vietnam Customs was drafting a new circular on granting enterprises special
customs priorities.
This would be known as Authorised
Economic Operator (AEO). It will replace the Ministry of Finance’s Circular
105/2011/BTC issued in July, 2011 on amending Circular 63/2011/TT-BTC issued in
May, 2011 on piloting customs state management priorities for conditioned
enterprises.
“The new circular, to be issued
before May, will embrace new regulations making it easier for local and foreign
enterprises in Vietnam to be selected as prioritised enterprises,” Thuy said.
“About eight enterprises will be selected as prioritised enterprises in 2013.”
One of the draft circular’s
biggest highlights is that enterprises with import and export activities will
be given priority if they have an annual minimum export-import turnover of $200
million, instead of $350 million as stipulated in Circular 105.
Meanwhile, exporters will be
classified depending on their business types. For example, aquatic product
exporters must have an annual minimum export turnover of $20 million. The
figure will be $40 million for textile, garment and footwear exporters.
At present, the figure is $70
million for all exporters. “The requirement that exporters can be listed as
prioritised enterprises when they must have at least $70 million in export
turnover has made it hard for more enterprises to enjoy customs priorities,”
Thuy said.
Under the new draft circular,
prioritised enterprises would be exempted from having their customs dossiers
examined during the customs clearance process. At present, it often takes some
14 hours to get customs clearance for a package. However, under the AEO, the
time may be reduced to just about 15 minutes.
They could also implement online
customs procedures round the clock. Since AEO was applied in mid 2011, 12
enterprises have benefited, including Samsung Vietnam, Sumidenso Vietnam, Binh
Son Refining and Petrochemical, Vietsovpetro, Vietnam Rubber Group, Canon
Vietnam, PV Oil Ba Ria-Vung Tau, Brother Industries Vietnam, Dak Lak 2/9
Export-Import, Vinafood 2 and Minh Phu Seafood.
However, Thuy said enterprises
wanted to be qualified for the priorities status must also meet some other
strict conditions.
For example, besides obeying
legal regulations on customs, tax, commerce and investment, they must also meet
criteria about transparent financing regime, profitable business performance
and online customs procedure performance.
“Notably, private information
about enterprises’ leaders’ responsibilities, knowledge about their business,
accounting and auditing will also be appraised when their enterprises are
considered for AEO,” Thuy said.
According to Vietnam Customs,
after Vietnam inked mutual recognition agreements with foreign countries,
Vietnam-based AEO firms would also benefit from customs priorities in such
countries.
Source: VIR
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