Ho chi minh city: Ho Chi Minh City's tax authority has pledged continued support for foreign investors by addressing tax-related bottlenecks and improving the business climate, in line with the Politburo's newly-issued resolution on developing the foreign-invested sector. At a dialogue conference with foreign direct investment (FDI) enterprises on June 16, Doan Minh Dung, head of the Ho Chi Minh City tax agency, said the Party and State regard the FDI sector as a vital pillar of the economy, contributing to growth, economic restructuring and deeper global integration.
According to Vietnam News Agency, the local government is focused on identifying and removing any obstacles that may hinder foreign investors. This effort is part of a broader strategy to enhance Ho Chi Minh City's appeal as a prime destination for global businesses. The tax authority is committed to facilitating a transparent and efficient tax system that aligns with international standards, thereby encouraging more foreign enterprises to invest in the region.
The dialogue conference served as a platform for FDI enterprises to voice their concerns and suggestions directly to the tax officials. This engagement is crucial for the authorities to understand the challenges faced by foreign investors and to adapt policies accordingly. By fostering an environment of open communication, Ho Chi Minh City aims to build trust and long-term partnerships with global investors, reinforcing its role in the global economic landscape.