Many duty-free shops suspend operations due to Covid -19 pandemic

VCN – Many duty-free operators have suspended operations due to the Covid-19 pandemic. Vietnam and other countries have closed border gates, leading to the stagnation of exit and extry activities.
Study to amend regulations related to extended storage times in bonded warehouses Study to amend regulations related to extended storage times in bonded warehouses
Many duty-free shops suspend operations due to Covid -19 pandemic
A duty free shop is affected by the Covid-19 pandemic. Photo: N.L

According to the statistics from Customs, as of August, among 159 duty-free warehouses and shops of 50 duty-free operators approved by the General Department of Vietnam Customs, 15 shops and 14 warehouses of 12 operators have notified of suspension by local customs departments.

Of those, 10 stores and nine warehouses had expired the six-month suspension deadline.

One duty-free shop was approved by the GDVC for more than six months, but it has not operated.

Thus, between January and August, 20 duty free shops had to revoke the certificate of eligibility for duty-free business according to the provisions of Clause 1, Article 8 of the Government’s Decree 68/2016/ND amended and supplemented in Clause 5, Article 1 of Decree 67/2020/ND-CP dated June 15, 2020.

According to the Ministry of Finance, due to the complicated development of Covid-19 pandemic, the number of duty-free shops that suspended operation and expired the deadline will increase.

The ministry has received proposals of duty-free operators and local customs departments on the extension of the suspension and operation deadline of duty-free shops.

The Ministry of Finance has reported to the Prime Minister on this issue and proposed solutions to remove difficulties for operators.

By Ngoc Linh/Ngoc Loan

Related News

Thai Nguyen Customs promotes investment attraction to the province

Thai Nguyen Customs promotes investment attraction to the province

VCN - After three years of putting the first factory into operation in 2021 in Yen Binh Industrial Park, Thai Nguyen, Trina Solar Group has just been granted an Investment Registration Certificate for a new factory in Thai Nguyen province to increase the total investment poured into the locality to about US$ 1 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

Preliminary assessment of Vietnam international merchandise trade performance in the second half of December, 2023

The Vietnam Customs Statistics announced that in the second half of December, 2023 the total Vietnam’s exports of US dollars 16.31 billion and imports of nearly US dollars 13.66 billion resulted in a trade surplus of US dollars 2.65 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of December was over US dollars 29.98 billion, down by 1.8% as compared to the first half of December-2023. Furthermore, in 2023, Vietnam was in trade surplus of USD 28.3 billion.
Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the whole year of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in December of 2023, a 0.3% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of the last month. Exports went up 1.1%, to US dollars 31.47 billion and imports decreased 0.6%, to US dollars 29.40billion in terms of month-on-month basis. As a result, there was a US dollars 2.06 billion surplus in Vietnam’s trade balance in this month.

Latest News

Bac Ninh Customs focuses on developing Customs-Business Partnership

Bac Ninh Customs focuses on developing Customs-Business Partnership

VCN – In the first days of Lunar New Year 2024, the working team of Bac Ninh Customs Department has a working session to share and remove difficulties for enterprises, further improving customs control in the locality as well as developing Customs-Business Partnership.
Ha Tinh Customs: State revenue collection increase 25.15%

Ha Tinh Customs: State revenue collection increase 25.15%

VCN - The vibrant import-export activities from seaports to roads in Ha Tinh province have helped the revenue collection of Ha Tinh Customs Department prosper. Statistics from January 1 to February 15 show that revenue collection of the entire Department increased by 25.15% compared to the same period in 2023.
Customs-Business partnership focuses on digital transformation

Customs-Business partnership focuses on digital transformation

VCN - In order to support the business community in grasping and understanding customs regulations and coordinating with the Customs, the General Department of Vietnam Customs (GDVC) has issued a plan for development of partnership between customs and businesses and stakeholders in 2024. Customs Magazine has an interview with Mr. Pham Xuan Truong - Head of Customs Procedures Reform Division (Customs Reform and Modernization Board) about the matter.
116 customs branches have import and export declarations during Lunar New Year

116 customs branches have import and export declarations during Lunar New Year

VCN - Statistical data of the General Department of Customs records that during the Lunar New Year holiday of Dragon in 2024 (from February 8-14, 2024), there were nearly 10 thousand import and export declarations of goods registered with the Customs agency.

More News

Lang Son: Border gates and customs clearance of goods return to normal

Lang Son: Border gates and customs clearance of goods return to normal

VCN - On the morning of February 18, at border gates in Lang Son province, customs clearance activities were officially carried out normally after Giap Thin 2024 Lunar New Year holiday.
Leaders of Bac Ninh Customs Department removes difficulties for businesses

Leaders of Bac Ninh Customs Department removes difficulties for businesses

VCN – In order to effectively develop the Customs-Business Partnership, leaders of Bac Ninh Customs Department had a working session with Thai Nguyen based-companies of Trina Solar Group on February 20.
Cao Bang customs collects more than VND61 billion in the first month of the year

Cao Bang customs collects more than VND61 billion in the first month of the year

VCN - In the first month of 2024, Cao Bang Customs Department collect VND61.04 billion, exceeding 5% of the its developed monthly plan.
Mong Cai: More than 1,000 tons of shipments firstly exported through the exit gate of Km3+4 Hai Yen pontoon bridge right after Tet Holiday

Mong Cai: More than 1,000 tons of shipments firstly exported through the exit gate of Km3+4 Hai Yen pontoon bridge right after Tet Holiday

VCN - Right after the Tet Holiday 2024, on February 18, 123 vehicles carrying 1,078 tons of fresh and frozen seafood and fruits were exported through the Km3+4 Hai Yen Pontoon Bridge, Mong Cai City, Quang Ninh quickly and conveniently.
Goods cleared through Ho Chi Minh City Customs rise nearly 25%

Goods cleared through Ho Chi Minh City Customs rise nearly 25%

VCN - In the first month of 2024, the value of import and export goods went through customs procedures through the Ho Chi Minh City Customs Department rose nearly 25% year-on-year.
Cam Ranh International Airport Customs carries out procedures for 70 immigration flights per day

Cam Ranh International Airport Customs carries out procedures for 70 immigration flights per day

VCN - During the Lunar New Year days of Dragon, Cam Ranh International Airport Customs Branch (Khanh Hoa Customs Department) carried out customs procedures for about 70 immigration flights per day on average.
Customs industry performs 8 tasks after Lunar New Year 2024

Customs industry performs 8 tasks after Lunar New Year 2024

VCN – In order to accomplish tasks in 2024, the Customs industry performs 8 tasks after the Lunar New Year.
Hai Phong Customs collects nearly VND 5,300 billion in the early months of 2024

Hai Phong Customs collects nearly VND 5,300 billion in the early months of 2024

VCN - The result of revenue collection at Hai Phong Customs Department in the early months of 2024 shows many positive signs, especially in Hai Phong area.
Lang Son Customs processes export procedures for nearly 13,000 tons of agricultural products

Lang Son Customs processes export procedures for nearly 13,000 tons of agricultural products

VCN - The statistics showed that during Tet holiday of Dragon Year, Lang Son Customs received and handled import-export procedures for nearly 13,000 tons of Vietnamese agricultural products and fruits exported through border gates of Lang Son province.
Read More

Your care

Latest Most read
Bac Ninh Customs focuses on developing Customs-Business Partnership

Bac Ninh Customs focuses on developing Customs-Business Partnership

VCN - As usual every year, from the beginning of 2024, Bac Ninh Customs Department has made working plans with major enterprises and corporations on three provinces of Bac Ninh, Bac Giang and Thai Nguyen.
Thai Nguyen Customs promotes investment attraction to the province

Thai Nguyen Customs promotes investment attraction to the province

VCN - Trina Solar Group (China) is a leading company specializing in researching and producing solar panels and providing solar power solutions. The group has 50 branches and exports products to more than 150 countries.
Ha Tinh Customs: State revenue collection increase 25.15%

Ha Tinh Customs: State revenue collection increase 25.15%

The vibrant import-export activities from seaports to roads in Ha Tinh province have helped the revenue collection of Ha Tinh Customs Department prosper.
Customs-Business partnership focuses on digital transformation

Customs-Business partnership focuses on digital transformation

VCN - The Customs industry has identified the development of Customs-Business partnership as a key and regular task, and performed at three levels of general department, department and branch.
116 customs branches have import and export declarations during Lunar New Year

116 customs branches have import and export declarations during Lunar New Year

VCN - Statistical data of the General Department of Customs records that during the Lunar New Year holiday of Dragon in 2024 (from February 8-14, 2024), there were nearly 10 thousand import and export declarations of goods registered with the Customs agen
Mobile Version