Some enterprises in the IT, digital and semiconductor industries will be given preferential treatment in import and export activities, according to the newly issued Customs Law.

Qualified enterprises will be listed by the Ministry of Science and Technology.

To facilitate businesses in these industries, the Customs Law will ease requirements for applying preferential treatment to the following specific enterprises: those in the high-tech sector or implementing strategic technology projects, producing key digital technology products, working to research, develop, design, manufacture, package or test semiconductor chip products, building artificial intelligence data centres or producing direct auxiliary products in the semiconductor industry.

Compared to the requirements for applying preferential treatment to normal enterprises, the above firms do not need to meet requirements on turnover and compliance with customs and tax laws for two consecutive years.

Qualified enterprises will be listed by the Ministry of Science and Technology.

For full transparency on preferential treatment, the Customs Law adds a provision that the incentives for the above companies are applied to exported and imported goods related to the semiconductor industry, high technology, strategic technology and key digital technology sectors according to the list announced by the Ministry of Science and Technology.

This list has commodity codes consistent with the list of Vietnamese export and import goods.

According to the Customs Department, the incentive is aimed at creating breakthrough policies to promptly remove legal bottlenecks and facilitate enterprises operating in science and technology development, innovation and transformation.

The change is also meant to align the Customs Law with the Law on Digital Technology Industry and the Law on Science, Technology and Innovation.

Deputy PM urges stronger push for smart city development

Greater focus on smart urban development is key to advancing the digital and urban economy, said Deputy Prime Minister Nguyen Chi Dung.

Bac Ninh accelerates customs digital transformation to ease business procedures

Bac Ninh – Digital transformation is becoming a key driver for Bac Ninh province to enhance state management and attract foreign investment. In customs, pushing digitalisation lays the foundation for developing digital customs and moving towards smart customs. Recognising this, Customs Sub-department Region 5 is implementing multiple solutions to facilitate businesses while meeting operational demands in the new context.

Businesses remain upbeat as industrial production poised to thrive in Q3

As many as 37.3% of businesses expect improved performance in the third quarter of this year compared to the previous quarter, while 43.5% anticipate stable operations, a recent survey by the National Statistics Office (NSO) under the Ministry of Finance has revealed.

 

PM calls for bold actions, determination to realise economic targets

Prime Minister Pham Minh Chinh chaired a nationwide online conference on July 16, during which he called for determination as well as bold and unified actions to ensure the Party and National Assembly’s economic growth targets for 2025.

 

Bac Ninh accelerates public investment disbursement to boost 2025 growth

BAC NINH - In 2025, Bac Ninh province has been allocated a total public investment capital plan of over 21.1 trillion VND (about 925.4 million USD), comprising development investment capital and non-business capital. 

Nordic firms show long-term interest in Vietnam as investments increase

Among 72 countries and territories investing in Vietnam over the year's first half, Sweden emerged as the third largest investor, with a total investment of 1 billion USD or 10.8% of newly registered FDI, coming after only Singapore and China.