Cutting red tape in APA approvals to speed up tax negotiations
The change in APA approval authority is expected to shorten processing time and enhance business proactiveness in international tax negotiations.
Vietnamese Government will always create favorable conditions for foreign investors, including those from china, to do their business using cutting-edge and environmentally-friendly technologies in Viet Nam.
Prime Minister Nguyen Xuan Phuc (PM) made the remarks at the meeting on July 31 with Chen Yilong, Chairman of Sunshine Kaidi New Energy Group Co. Ltd and Jiang Rongjian, Deputy CEO of Huarong Asset Management Co Ltd, who are on a working visit for investment and corporation in Viet Nam.
The leaders of the two Chinese groups express their sincerely thanks to Vietnamese Government for creating favorable conditions for foreign investors in Vietnam and believes that under the PM’s direction and management, the business and investment environment in Vietnam will be continuously improved.
Chen Yilong said that Kaidi, Huarong and Hanoi General Import and Export JSC (Geleximco) of Vietnam have set up an international investment fund worth US$15 billion, including investment in projects in Vietnam.
Kali intends to expand its investment in thermo-electric plants in Vietnam, in which it is currently investing, and commits to building environmentally-friendly plants with cutting-edge equipment and technologies and highest environmental standards, he said.
He added that Kaidi is also interested in investing in several infrastructure projects in Viet Nam, thus contributing to the country’s development.
For his part, Jiang Rongjian said Huarong is China’s largest unit in asset, finance and monetary management with its assets valued at US$220 billion in 2016.
Kaidi is Huarong’s long-term partner, he said, noting that his company hopes to participate in a number of big investment projects in Vietnam.
Applauding ideas raised by the two companies, the PM said with state-of-the-art technologies, high environmental standards and on-schedule progress, the companies will actively contribute to the relations between Vietnam and China
The PM suggested Kaidi having specific working sessions with competent Vietnamese agencies to discuss the projects.
The change in APA approval authority is expected to shorten processing time and enhance business proactiveness in international tax negotiations.
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