Centralized inspection locations within export processing zones, industrial parks can save resources: customs official

By Lan Do
Thu, November 28, 2024 | 5:45 pm GMT+7

With Ho Chi Minh City hosting over 1,600 processing enterprises within its export processing zones, it is impractical for customs officers to inspect all goods on-site, says a senior customs official.

Vuong Tuan Nam, head of the customs supervision and management division at the HCMC Customs Department, made the statement at a dialogue conference between enterprises and the department's leaders in HCMC on Wednesday.

Nam highlighted the lack of centralized inspection locations within Tan Thuan Export Processing Zone, Linh Trung Export Processing Zone, Saigon High-Tech Park, the Customs Branch for Processing Goods Management, and the Customs Branch for Investment.

This has forced enterprises to transport their goods to Cat Lai Port for inspection, resulting in significant time, financial and human resource burdens, he said.

A business representative speaks at a dialogue between enterprises and the HCMC Customs Department on November 27, 2024. Photo courtesy of the Investment and Trade Promotion Center of HCMC (ITPC).

A business representative speaks at a dialogue between enterprises and the HCMC Customs Department on November 27, 2024. Photo courtesy of the Investment and Trade Promotion Center of HCMC (ITPC).

Nam said establishing on-site inspection facilities in industrial parks and export processing zones would drastically reduce costs and streamline processes for businesses.

"By reducing transportation time and costs, such facilities would also alleviate pressure on Cat Lai Port," he added.

"Sometimes, a shipment requiring inspection may contain only five fabric rolls, yet businesses still have to transport them to the port. With approximately 1,600 processing businesses in the city's export processing zones, it's impossible for customs officers to inspect all goods on-site," Nam explained.

The lack of physical inspection facilities within industrial parks and export processing zones not only increases costs but also affects traffic, operational efficiency and resource allocation by both businesses and customs authorities.

Nam urged the HCMC People's Committee and the management board of industrial parks and export processing zones to designate inspection sites within the zones and parks in order to alleviate hardships and reduce operational costs for businesses.

The HCMC Customs Department also provided updates on legal regulations and addressed various business concerns related to tax policies and specialized management of import and export goods at the conference.

Representatives further clarified issues regarding customs supervision, post-clearance inspection procedures, tariff quotas, customs declaration adjustments and the application of priority regimes for customs procedures, along with guidelines for compliance declarations for imported and exported goods.

Comments (0)
  • Read More
HSBC launches sustainability improvement loan in Vietnam

HSBC launches sustainability improvement loan in Vietnam

HSBC has introduced its Sustainability Improvement Loan, a new financing solution tailored for businesses with annual turnover less than $550 million, in Vietnam, after launching it in 12 markets including the UK, Middle East, Hong Kong and Singapore last year.

Banking - Wed, May 28, 2025 | 6:15 pm GMT+7

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

France's CMA CGM Group, a global player in sea, land, air, and logistics solutions, has signed a partnership agreement with Vietnam's Saigon Newport Corporation (SNP) to develop a deep-water terminal in Hai Phong city, northern Vietnam.

Infrastructure - Wed, May 28, 2025 | 5:01 pm GMT+7

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Rapidus Corporation, a semiconductor manufacturer of Japan, has affirmed its readiness to train semiconductor workforce for Vietnam.

Economy - Wed, May 28, 2025 | 3:21 pm GMT+7

Corporate leaders offer insight into Vietnam's social housing investment landscape

Corporate leaders offer insight into Vietnam's social housing investment landscape

Corporate leaders explained why they are reluctant to invest in social housing, despite the enormous demand in Vietnam, and recommended solutions. Kim Ngan reports.

Real Estate - Wed, May 28, 2025 | 2:49 pm GMT+7

France’s pharma giant Sanofi to transfer vaccine production tech to VNVC factory in southern Vietnam

France’s pharma giant Sanofi to transfer vaccine production tech to VNVC factory in southern Vietnam

Sanofi will transfer vaccine production technology to a Long An province-based factory of Vietnam Vaccine Joint Stock Company (VNVC), whose construction began on Tuesday.

Companies - Wed, May 28, 2025 | 11:54 am GMT+7

Telco giant Viettel, S Korea’s KT partner to boost AI transformation in Vietnam

Telco giant Viettel, S Korea’s KT partner to boost AI transformation in Vietnam

Vietnam’s military-run telecom heavyweight Viettel has signed a strategic partnership agreement with KT, formerly known as Korea Telecom, to advance AI transformation (AX) in the Southeast Asian nation.

Companies - Wed, May 28, 2025 | 9:21 am GMT+7

Japanese companies should be 'early-bird investors' in Vietnam’s semiconductor industry

Japanese companies should be 'early-bird investors' in Vietnam’s semiconductor industry

Vietnam’s Deputy Prime Minister Nguyen Chi Dung has urged Japanese companies, particularly Kioxia Corporation, to take advantage of current opportunities and invest early in Vietnam’s emerging semiconductor industry.

Industries - Tue, May 27, 2025 | 10:03 pm GMT+7

French firms should invest more in renewable energy, infrastructure, agriculture: Vietnam's Deputy PM

French firms should invest more in renewable energy, infrastructure, agriculture: Vietnam's Deputy PM

French companies should enhance their business ties with Vietnam in the fields of high technology, sustainable development, renewable energy, infrastructure, transportation, and agriculture, says Deputy Prime Minister Ho Duc Phoc.

Investing - Tue, May 27, 2025 | 9:39 pm GMT+7

S Korean chipmaker Hana Micron to cut capacity at northern Vietnam plant on order shortage

S Korean chipmaker Hana Micron to cut capacity at northern Vietnam plant on order shortage

South Korean semiconductor player Hana Micron Vina Co. plans to reduce the initial capacity of its plant in Vietnam’s northern province of Bac Ninh by one-third due to a lack of orders.

Industries - Tue, May 27, 2025 | 4:55 pm GMT+7

S Korean energy giant LS looks to invest in high-potential rare earth mines in Vietnam

S Korean energy giant LS looks to invest in high-potential rare earth mines in Vietnam

LS Eco Energy, a subsidiary of South Korea’s cable and energy giant LS Cable & System, is seeking to invest in high-potential rare earth mines in Vietnam following legal issues involving its local partner.

Industries - Tue, May 27, 2025 | 4:35 pm GMT+7

Investors hesitant to build much-needed social housing in Vietnam over profitability concern: expert

Investors hesitant to build much-needed social housing in Vietnam over profitability concern: expert

Benefits for investors not being attractive enough make companies hesitant to invest in much-needed social housing in Vietnam, says Nguyen Van Dinh, a popular property legal consultant.

Real Estate - Tue, May 27, 2025 | 3:05 pm GMT+7

Vietnam's industrial conglomerate Thaco proposes North-South high-speed railway investment, following Vingroup's proposal

Vietnam's industrial conglomerate Thaco proposes North-South high-speed railway investment, following Vingroup's proposal

Private conglomerate Thaco Group has proposed to invest in a North-South high-speed railway project in Vietnam, following a similar proposal from heavyweight Vingroup.

Infrastructure - Tue, May 27, 2025 | 2:48 pm GMT+7

The Investor to hold seminar 'Investing in social housing development: New context, new opportunities' today afternoon

The Investor to hold seminar 'Investing in social housing development: New context, new opportunities' today afternoon

The Investor will hold a seminar in Hanoi today afternoon on investment opportunities in social housing development in new contexts.

Real Estate - Tue, May 27, 2025 | 11:24 am GMT+7

VN-Index rebounds strongly: Are investment opportunities still available?

VN-Index rebounds strongly: Are investment opportunities still available?

The VN-Index has seen a strong recovery, but capital flow remains dispersed, and there are still plenty of investment opportunities in sectors that have yet to bounce back, such as seafood, textiles, and securities.

Finance - Tue, May 27, 2025 | 9:54 am GMT+7

France's EDF seeks to collaborate with Vietnam's EVN in nuclear power, renewable energy

France's EDF seeks to collaborate with Vietnam's EVN in nuclear power, renewable energy

Electricite de France SA (EDF) says it is keen to research cooperation models suitable for Vietnam's energy development orientation, especially for nuclear power and renewable energy projects.

Energy - Tue, May 27, 2025 | 9:27 am GMT+7

Four Chinese companies to invest in Indonesia’s EV industry

Four Chinese companies to invest in Indonesia’s EV industry

Four Chinese companies will establish EV-related manufacturing facilities in Indonesia, Pandu Sjahrir, chief investment officer (CIO) of the Indonesia's Daya Anagata Nusantara Investment Management Agency (Danantara) said on Sunday.

Southeast Asia - Mon, May 26, 2025 | 10:37 pm GMT+7