Phu Quoc airport to hand out value-added tax refunds

Phu Quoc airport to hand out value-added tax refunds

International tourists will receive value-added tax (VAT) refunds on goods they purchase in Viet Nam at one more airport, the Phu Quoc International Airport in the southern Kien Giang province.

Following Prime Minister Nguyen Tan Dung's approval, Phu Quoc airport will become the fifth international airport in Viet Nam to provide VAT refund services to foreign tourists. The other four airports are Tan Son Nhat Airport in HCM City, Noi Bai Airport in Ha Noi, Da Nang Airport in Da Nang City and Cam Ranh Airport in Khanh Hoa Province.

The first international flights from Phu Quoc began last February, linking Russia with the island. Since then, two more international air routes have been added, connecting the island with Singapore and Cambodia's Siem Reap.

The provision of VAT refunds is expected to help boost tourism development in Phu Quoc , following the government's tourism development orientation.

Under the pilot plan approved by Prime Minister Dung in 2011, foreign tourists who buy goods at certain airports, tourist areas and shops in large cities will receive a 10 per cent refund on the tax they pay.

Goods purchased by foreigners are considered export commodities, so every purchase worth more than VND2 million (US$96) per receipt, issued within 30 days of their exit from Viet Nam, will benefit from the tax refund.

The VAT refund policy for foreigners has also been applied at three international seaports of Khanh Hoi port in HCM City, Da Nang port in Da Nang City and Nha Trang port in Khanh Hoa Province. It aims to increase the foreign tourist arrivals in Viet Nam and promote exports.

The policy was first piloted at Noi Bai and Tan Son Nhat airports in 2012.

Figures from the General Department of Viet Nam Customs showed that by the end of last February, more than 8,620 foreigners had received refunds on goods worth more than VND425 billion ($20 million).

According to the Phu Quoc District People's Committee, 586,000 tourists visited the island last year, up 37.6 per cent from 2013. The number of foreign visitors went up by 21.5 per cent to 125,000.

The island achieved tourism revenues of more than VND2.2 trillion (over US$103 million) last year, a whopping 84 per cent higher than in 2013.

It now has around 4,000 hotel rooms.

Source: VNS

Bài viết liên quan

	ASEAN folk music festival to be held in Vietnam The ASEAN Folk Music Festival will be organised in Vietnam for the first time from August 1-6, according to the Ministry of Culture, Sports and Tourism. Detail >>

	Mekong Delta enters into bong lau fish season Year in, year out, throngs of fishermen head for the lower reaches of Tien and Hau rivers in the Mekong Delta around the beginning of year for the harvest season of bong lau (Pangasius krempfi) fish because this freshwater catfish only appear in large volume in the delta for around three months. Detail >>

	Viet Nam promotes tourism in GES - India (TITC) – To promote tourism cooperation between Viet Nam and India, from 23-25 April 2015, Viet Nam National Administration of Tourism (VNAT) will collaborate with Vietnamese Embassy in India to take part in Global Exhibition on Services (GES) in New Delhi, India. Detail >>

	Sea Festival 2015 to grace Nha Trang in July The central coastal city of Nha Trang will organise a string of exciting cultural and sports activities for the Nha Trang Sea Festival, scheduled to take place from July 11 to 14. Detail >>

	Viet Nam attends International Travel Fair Intourmarket 2015 in Russia (TITC) - On 14 March 2015, the 10th International Travel Fair Intourmarket (ITM) 2015 was officially opened at Crocus Expo International Exhibition Centre (Moscow, Russia). Deputy Director General of Viet Nam National Administration of Tourism (VNAT) Nguyen Quoc Hung leads Vietnamese delegation to attend this... Detail >>

	Exploring the Real Vietnam From the very moment you arrive in Vietnam, you will soon envision that you are full of activities, fun and attractions. Detail >>

	4th international puppetry festival to take place in October in Ha Noi According to the Ministry of Culture, Sports and Tourism, the forth international puppetry festival will take place in Ha Noi from October 10th to 16th this year with the participation of 15 delegations from different countries. Detail >>

	Viet Nam responds to Earth Hour 2015 (TITC) – Earth Hour is an annual international event initiated by World Wife Fund (WWF) to enhance public awareness in environment protection and climate change. Detail >>

	Various attractive activities to take place in Hue Traditional Craft Festival 2015 (TITC) – Hue Traditional Craft Festival 2015 themed “Quintessence of Vietnamese Craft” will take place from April 29 – May 3, 2015 with various attractive activities. It is the sixth time, the Festival has been organized aiming to gather and honor artisans and famous craft villages in Thua Thien Hue and... Detail >>

	Awarding Medal “For a Cause of Culture, Sports and Tourism” for Ambassador of Hungary to Viet Nam (TITC) – On 17 Mar. 2015, the Ministry of Culture, Sports and Tourism held a ceremony to award Medal “For a Cause of Culture, Sports and Tourism” for H.E. Dr. Torda Eszter - Ambassador of Hungary to Viet Nam for her contribution to strengthen cooperation relationship between Viet Nam and Hungary in the... Detail >>