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|Pou Chen's Vietnamese workers in Dong Nai province.|
Under the newly-released Decision No.494/QD-TCHQ, Pouchen Vietnam Enterprise Company Limited will have three years of priority. After this period, if the enterprise continues to meet the prescribed conditions, the duration will be extended.
According to Vietnam Customs, Japan is leading in the number of firms with customs priority in Vietnam, including a lot of well-known firms like Panasonic Networks, Canon Vietnam, and Sumidenso Vietnam.
This is a programme carried out by the Ministry of Finance since 2011 to make a list of enterprises meeting certain requirements and provide them with incentives, reduced procedures, tax refunds, and faster goods clearance, as well as a single goods declaration system for multiple exports and imports.
Qualifying for priority treatment
Companies that meet the following standards outlined in Decree No.08/2015/ND-CP will become eligible for preferential customs treatment:
Benefits afforded under the priority treatment programme
According to the Law on Customs, companies qualifying for the priority treatment programme will be eligible to benefit from the following: