Check status
Vietnam Visa ×

VietnamVisa.org.vn
Support 8:00 - 22:00 (GMT+7)

VAT refunds sought for foreign shoppers at Phu Quoc airport

February 02, 2015 0 COMMENT

The Ministry of Finance has proposed the Government add Phu Quoc International Airport to the list of airports allowed to refund the value added tax (VAT) for goods foreign visitors and overseas Vietnamese buy when they leave Vietnam at that airport.

VAT refunds sought for foreign shoppers at Phu Quoc airport

The ministry made the proposal for the airport to open VAT refund counters following a suggestion by the Mekong Delta province of Kien Giang as the airport handles international flights connecting the island with Russia, Singapore and Cambodia’s Siem Reap City since 2014.

The government of Kien Giang Province calculated the number of Russian travelers entering and exiting Vietnam via Phu Quoc airport alone was more than 5,640 from February to September last year.

To attract more foreign investors and tourists to Phu Quoc, the province wanted Phu Quoc airport permitted to open VAT refund counters for foreign visitors and overseas Vietnamese along with the current four international airports – Tan Son Nhat in HCMC, Noi Bai in Hanoi, Cam Ranh in Khanh Hoa Province, and Danang in Danang City, and the current three seaports – Khanh Hoi in HCMC, Danang in Danang City and Nha Trang in Khanh Hoa Province.

Data of the authorities of Phu Quoc District showed the island welcomed 586,000 tourists last year, surging 37.6% against 2013. Foreign arrivals soared 21.5% to 125,000.

The island posted tourism revenue of more than VND2.2 trillion (over US$103 million) last year, up a whopping 84% against 2013 and 11% higher than the year’s target.

Russia is among the major sources of foreign travelers on Phu Quoc. However, the number of Russian visitors to Vietnam in general and Phu Quoc in particular has fallen sharply, mainly due to the depreciation of rouble against the U.S. dollar in the recent months.

To deal with the decline, the authorities of Phu Quoc have called for tourism firms and service providers to cooperate with them in running promotions and reducing service prices to woo visitors to the island, according to Vietnam News Agency.

The island now has around 4,000 hotel rooms able to serve 7,000-8,000 guests a day. But this limited supply fails to meet surging demand during peak seasons.

Many new hotels and resorts are up and running on Phu Quoc and the investors of operational projects are carrying out expansion plans to cash in on a strong increase in foreign and domestic visitors to the island.

SGT

RELATED POSTS

Jun 28, 2018

Foreign tourists happy with Vietnam’s visa exemption policy

From the beginning of July, citizens from the UK, France, Germany, Spain, and Italy will enjoy visa exemptions for the next three years, until June 30, 2021, as approved by...

Read More ›
Jun 12, 2018

Passengers warned to get to Tan Son Nhat Airport early

National carrier Vietnam Airlines has recommended passengers be present at Tan Son Nhat International Airport in HCM City as early as possible to avoid traffic jams. Passengers have been warned...

Read More ›
May 07, 2018

Late visa policy announcement challenges tourism

The visa exemption policy for citizens of five European countries will expire in the next three months. Whether and when it might be renewed are still open questions, creating a...

Read More ›
Mar 30, 2018

Ha Noi-Vietnam among world’s top destinations for 2018

Ha Noi has been ranked 12th among the 25 best destinations for 2018 globally, according to TripAdvisor's Travelers' Choice awards. “The charming Vietnamese capital has aged well, preserving the Old...

Read More ›