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Proposal for Phu Quoc Airport to provide VAT refunds

Released at: 07:42, 28/01/2015

Proposal for Phu Quoc Airport to provide VAT refunds

Local authorities hope move will boost tourism development on the island.

by Thu Huong

The Ministry of Finance has asked the Prime Minister to consider adding Phu Quoc International Airport to the list of airports eligible to provide VAT refunds to foreigners and overseas Vietnamese. The move is based on an official dispatch from the Office of the Government proposed by the Kien Giang Provincial People’s Committee.

According to Document No. 1127/UBND-KTTH dated October 17, 2014 from the people’s committee, Phu Quoc International Airport officially welcomed its first international flight in February 2014, from Russia, and continues to welcome two more flights, from Singapore and Siem Reap (Cambodia).

In 2014, Phu Quoc Island welcomed 586,000 tourists, an increase of 40 per cent compared to 2013. Of these, over 124,500 were international visitors, an increase of 32 per cent. Revenue from tourism reached more than VND2.2 trillion ($106.1 million), 84 per cent higher than in 2013.  

In order to drive investment and development on the island and promote Vietnamese tourism, the people’s committee requested the Prime Minister to consider its proposal.

In May 2014 the Prime Minister directed four international airports - Tan Son Nhat (Ho Chi Minh City), Noi Bai (Ha Noi), Da Nang (Da Nang), Cam Ranh (Khanh Hoa) - and three ports - Khanh Hoi (Ho Chi Minh City), Da Nang (Da Nang), Nha Trang (Khanh Hoa province) - be part of a policy providing VAT refunds to foreigners and overseas Vietnamese.

  • TAGS
  • Phu Quoc
  • VAT refund

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