Ho Chi Minh City promotes cooperation, solves difficulties for Korean enterprises

In Ho Chi Minh City, there are currently about 2,000 businesses and more than 80,000 Koreans living and working, contributing significantly to the city's socio-economic development.

Mr. Vo Van Hoan - Vice Chairman of the Ho Chi Minh City People's Committee - said that the community of foreign enterprises coming to the city to invest is also a part of the business community in Ho Chi Minh City. In the context of many new regulations, it will certainly create problems in the business operations of enterprises.

"HCMC is committed to listening and sharing difficulties with Korean enterprises. The city will implement many solutions to support businesses, attract investment and promote economic growth. The Ho Chi Minh City government always strives to ensure a stable political and social environment and create all favorable conditions for foreign enterprises" - Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan said.

Mr. Shin Choong Il - Consul General of Korea in Ho Chi Minh City - emphasized the importance of Ho Chi Minh City creating conditions for Korean enterprises to present their problems, seek solutions and better understand the city's priority areas in the digital transformation process to promote economic growth.

Many Korean enterprises are actively participating in operations, especially in Ho Chi Minh City. We believe that this will create many contributions for the city to achieve common goals in economic and industrial development" - Mr. Shin Choong Il said.

Contributing opinions on the development of Vietnam - Korea economic cooperation relations, while pointing out a number of issues that need attention and resolution, Mr. Kim Nyoun Ho - Chairman of the Korea Association of Commerce in Vietnam (KOCHAM) - said that these issues include tax refund procedures for domestic export goods, changes in standards for applying seaport infrastructure fees, the need to expand facilities for the Korea International School and propose simplifying investment licensing procedures to improve the investment environment in Ho Chi Minh City.

Regarding the delay in tax refunds, the Tax Department of Region II said that this content is related to the conversion of Korean enterprises during the COVID-19 pandemic, leading to difficulties in tax refunds in policy issues. The Ministry of Finance is directing the Customs Branch of Region II and the Tax Branch of Region II to urgently work with Samsung Company, thereby reaching an agreement to refund taxes. The leaders of the tax authority also met with representatives of Samsung Company to discuss the above issues, and related documents are also being processed according to the provisions of law.