11:31 | 12/01/2016 Companies
The Republic of Korea (RoK)’s ChangShin Vietnam company, in southern Dong Nai province’s Thanh Phu industrial park, was granted a preferential customs certificate on January 8.
ChangShin Vietnam receives the certificate at a cermony on January 8 (Source: VNA)
With reaching the certificate, the firm is exempted from customs inspection for two years.
The Vietnam General Department of Customs said Changshin is so far the third firm operating in Dong Nai that has received this kind of certificate. The others are TeaKwang Vina and Vedan Vietnam.
According to the Dong Nai Department of Customs, enterprises can claim a preferential customs certificate if they satisfy certain conditions, such as a turnover of at least 100 million USD a year for import-export companies, a minimum turnover of 40 million USD for exporters of made-in-Vietnam goods, or a turnover of at least 30 million USD for exporters of farm and aquatic products produced in Vietnam.
ChangShin Vietnam, which manufactures Nike shoes for export, employs more than 23,400 workers, producing 93,000 pairs of shoes a day. The company’s total export turnover reached over 420 million USD a year and has an annual sales growth of 35 percent.
The firm is one among of nine RoK companies in Vietnam who have received the preferential customs certificate./.