On March 21, 2023, at the headquarters of the State Bank of Vietnam (SBV), Deputy Governor Pham Thanh Ha had a meeting with Mr. Choi Joo Ho, General Director of Samsung Vietnam Complex, together with other officers from Samsung.
Overview of the meeting.
At the meeting, Mr. Choi Joo Ho thanked the Deputy Governor for his time and raised the issue related to the Global Minimum Tax (GMT) initiated by the Organization for Economic Co-operation and Development (OECD). Mr. Choi Joo Ho provided some assessments on the impacts of the GMT on Samsung Vietnam Complex, and recommended a number of possible solutions for Vietnam to maintain the competitiveness of its investment environment.
SBV Deputy Governor Pham Thanh Ha speaks at the meeting.
SBV Deputy Governor Pham Thanh Ha took note of those recommendations and informed the guests that the Prime Minister had issued a Decision establishing a Special Task Force to consider and propose possible solutions related to the OECD’s GMT plan.
The Task Force has finalized a general report on the GMT, which contains assessments of the impacts and proposals for appropriate solutions to minimize the negative impacts on the competitiveness of Vietnam’s investment environment. In the future, the SBV would continue to coordinate with the Ministry of Finance, other Ministries and agencies within this Task Force in order to further study and develop policy proposals, support measures which aim to attract foreign investment and to ensure compliance with the international commitments that Vietnam had joined or signed.
Mr. Choi Joo Ho, General Director of Samsung Vietnam Complex, speaks at the meeting.
Toward the end of the meeting, Deputy Governor Pham Thanh Ha assigned the relevant SBV’s entities to keep in touch with Samsung Vietnam Complex in order to exchange about any issues in the field of banking.
LK