Haiphong tax authority steps up support for FIEs
On September 15 Haiphong Tax Department and Haiphong Economic Zones Management Board jointly held a conference to provide legal guidance disseminate tax related information and address tax related difficulties and concerns raised by foreign invested enterprises operating in the city
The Haiphong Tax Department has ramped up assistance for foreign investment entities (FIEs) operating in the city's industrial parks and economic zones. The move comes as the city aims for high growth, with a target of at least 13% annual regional GDP growth by 2026 and the 2026-2030 period. Leaders from the Haiphong Tax Department, Economic Zones Management Board, Vietnam Chamber of Commerce and Industry’s Northern Coastal Branch, and foreign business associations attended a conference to discuss support measures.
Haiphong's Resolution No.11-NQ/TW, issued on July 15, sets the growth target, while Politburo Resolution No.10-NQ/TW, issued on June 8, marks a shift in Vietnam's approach to FIEs. The tax sector plays a crucial role in facilitating compliance, reducing compliance costs, and helping businesses understand and correctly implement tax regulations.
Over 2,000 FIEs and organisations currently operate in Haiphong, contributing more than 20% of the city's total domestic budget revenue. The tax authority will focus on providing information and guidance on tax policies, helping businesses access and apply tax incentives, resolving difficulties during tax declaration and payment, accelerating digital transformation, and strengthening dialogue with businesses and receiving their feedback.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
