Trang chủNewsnewsMinistry asks for support for tourism industry

Date: 22/09/2020


Ministry asks for support for tourism industry

Hotels have faced less than 10 per cent occupancy during the secend wave of the pandemic. — Photo

HÀ NỘI — The Ministry of Culture, Sports and Tourism has asked Prime Minister Nguyễn Xuân Phúc for urgent support for tourism businesses impacted by the second wave of COVID-19.

The ministry suggested that tourism firms should be allowed to delay paying loan interest as they have been facing a very difficult situation with a lack of customers, while 95 per cent of travel businesses have halted operations.

The ministry said enterprises working in the hospitality sector such as motels, hotels and resorts in Hà Nội and HCM City reported only 10 per cent occupancy rates during the second wave of the pandemic while in the directly affected localities of Đà Nẵng, Quảng Nam, and Quảng Ngãi, there were almost no foreign visitors except some experts and those isolated due to the virus.

“As the hospitality firms, especially the small and medium-sized firms, could not make profits and face losses, the Government’s policy of 30 per cent reduction of corporate income tax is no use to help them," a document from the ministry read.

Instead, the culture ministry asked for solutions to reduce taxes, fees and electricity bills for the firms.

It asked the Government to allow hospitality firms to enjoy the electricity prices applied for the production industry, which are currently a third lower than the electricity bills for the service industry.

It also asked the PM to reduce the VAT rate from 10 per cent to 5 per cent in 2020 and 2021.

Regarding banking support, the ministry asked for extensions for paying loan interest until December 2021 because most tourism businesses do not make any income and they cannot pay interest.

According to the ministry, most banks currently apply a reduction of 1 or 2 per cent in lending interest rates or extend the debt repayment period for customers affected by COVID-19 but they have not mentioned plans to delay the payment of loan interest.

At the same time, the ministry said it was necessary to continue restructuring debts, extending loan repayment periods, debt grouping, loan interest payment and excluding overdue loans to help businesses.

To support the employees of the firms, the ministry asked for an extension to retirement and death insurance payment deadlines and delaying the time of payment of trade union fees for those firms while keeping all the rights of health insurance for their employees.

It also asked the Government to create more favourable conditions and procedures for the industry’s firms to receive support, helping them more easily access the Government's VNĐ62 trillion (US$2.6 billion) support package. — VNS

news orther

RoK National Assembly Speaker to pay official visit to Việt Nam

Date: 30/10/2020

US Secretary of State Mike Pompeo to visit Việt Nam

Date: 29/10/2020

Large caps lose momentum, pulling VN-Index down

Date: 27/10/2020

Indian business chamber to host seminar on trade, investment

Date: 27/10/2020

NA deputies mull Law on Residence

Date: 23/10/2020

VN, Japan agree on quarantine-free procedures for short-term entries

Date: 22/10/2020

Việt Nam moves up in Asia Power Index

Date: 21/10/2020

Japanese PM meets with students of Vietnam-Japan University

Date: 21/10/2020

Government support needed for investment in cold storage, says VASEP

Date: 20/10/2020

Việt Nam-Japan ties a model of win-win partnership: Diplomat

Date: 20/10/2020

Japanese PM to visit Việt Nam

Date: 16/10/2020

High quality products aimed at European market

Date: 15/10/2020

Trung Nam Group inaugurates VNĐ12 trillion solar power project

Date: 14/10/2020

VN to set new regulations for overseas investment

Date: 13/10/2020

Việt Nam continues institutional reform as part of EVFTA commitment

Date: 12/10/2020

Liberation Press Agency receives "Hero of the People's Armed Forces" title from the President

Date: 12/10/2020

Hà Nội ceremony celebrates 25 years of Việt Nam-US relations

Date: 09/10/2020

NA committee discusses resolution on urban administration in HCM City

Date: 08/10/2020

Hà Nội woman detained for spreading anti-State propaganda

Date: 08/10/2020

Vinamilk finances intensive training courses for thousands of chief nurses

Date: 07/10/2020

2006 - 2019 - all copyright reserved. Email:

Design by Nhật Thành.NET