What is the industry code for plastic resin business? This is a classification system used to identify business lines in Vietnam, helping businesses register to operate in accordance with the law. Determining the correct plastic resin business code not only ensures legality but also helps businesses easily access support policies from authorities.
I – WHAT IS THE PLASTIC GRAIN BUSINESS CODE AND RELATED LEGAL REGULATIONS
Plastic resin business industry code is a code determined according to the Vietnam Economic Sector System, to classify and manage business activities related to the production, trade and recycling of plastic resins. Determining this industry code helps businesses operating in the field of plastic resins comply with legal regulations and easily access support policies from the state.
Legal regulations: According to Decision 27/2018/QD-TTg, plastic resin businesses need to register an industry code appropriate to the field of production and trading of plastic products. Some common industry codes in the plastic resin industry include:
• Industry code 2220: Manufacture of products from plastic, including plastic beads. This is the main industry code for businesses that produce plastic beads or other plastic products.
• Industry code 4669: Other specialized wholesale, not yet classified.
Meaning of industry code
Industry codes help businesses operate in accordance with legal regulations and avoid unnecessary violations. In addition, registering an industry code helps businesses easily access support policies from the state and industry management agencies, while strengthening reputation and transparency in the eyes of partners and customers.
II - INDUSTRY CODE REGISTRATION PROCESS FOR ENTERPRISES
Prepare documents
Businesses need to prepare necessary documents, including Business Registration Certificate, Company Charter, and list of registered industries. These documents will be used to verify the legality of the business and its operating industries.
Submit documents to the business registration agency
Enterprises submit applications at the Department of Planning and Investment where the enterprise is headquartered. The authorities will receive the application and check the validity of the submitted documents.
Get results
After the application is approved, the business will receive a Business Registration Certificate with an industry code related to plastic resin business activities. This allows businesses to officially start operating in this field
III - BENEFITS AND NOTES WHEN REGISTERING INDUSTRY CODE
Benefit
Ensuring legality: Registering the plastic resin business code helps businesses ensure the legality of their business activities, avoiding risks of violating laws related to their business lines.
Enhance reputation and competitiveness: Full compliance with legal regulations helps businesses improve reputation and competitiveness in the market. This helps create trust with partners and customers.
Access to support programs: Enterprises that register for industry codes will have the opportunity to participate in support programs from the government or international organizations, thereby promoting development and expansion of operations.
Note
Determine the appropriate industry code: Enterprises need to choose the industry code that best suits their main business field to ensure compliance with legal regulations. Choosing the correct industry code helps businesses avoid errors during the registration and operation process
Ensure documents are complete and accurate: Registration documents need to be complete and accurate to avoid rejection or extension of registration time. Careful preparation of the necessary documents helps the registration process go smoothly and quickly.
Registering the plastic resin business code is not only a legal requirement but also an important step to help businesses operate legally, improve competitiveness and access development support.
