Thứ Tư, 2 tháng 1, 2013

 Shops at duty-free zone asked to close



Shoppers are pictured at a duty-free shop at Moc Bai border gate economic zone in Tay Ninh. Photo: Tay Ninh Newspaper
Businesses operating in the duty-free zone inside the Moc Bai Border Gate Economic Zone in the southern Tay Ninh Province have been asked to temporarily close as their term to sell tax-free goods is over as of January 1.

The suspension was made under the government directive No.93, which stipulates that the duty-free zone is only operational between 2007 and 2012, and the businesses now have to wait for new policies from the government, Phan Minh Thanh, deputy head of the management board of the economic zone, told Tay Ninh newspaper.

The zone management board, which requested the suspension, has called on the government to extend the deadline to the end of 2018, but has yet to receive any response, Thanh added.

“We are not sure if the duty-free shops can resume operation,” he told Tuoi Tre.

Moc Bai economic zone, 70km from Ho Chi Minh City and 170km from Phnom Penh, has so far attracted 35 investors who have registered a combined capital of US$526.69 million, according to Tay Ninh newspaper.

Of these, 16 projects have actually been implemented, disbursing some $120 million, and generating jobs for 11,250 people.
 

However, due to inconsistency in investment policies, Moc Bai has witnessed declines in both investment quantity and scale.

In 2006, it was home to 70 duty-free businesses, including five supermarkets and a shopping mall, but there are now less than 30 operational facilities at the zone, while the number of employees has dropped from 1,800 to 700.

The number of tourists and shoppers to the zone also slumped from more than 3.6 million in 2008 to only 2.3 million in 2011.

Meanwhile, the duty-free shopping companies said the suspension has wrecked their business as it is now the season of high demand ahead of the Lunar New Year.
TuoitreNews

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