Vietnam will open five new kiosks in July where foreign shoppers can recoup valued-added taxes before leaving the country.
The new value-added tax (VAT) refund kiosks will be set up at Da Nang and Cam Ranh airports in central Vietnam, Khanh Hoi international port in Ho Chi Minh City, the Port of Da Nang and Nha Trang Port near Cam Ranh in the central resort town of Khanh Hoa Province, Vietnam News Agency reported.
The sites were selected by the Finance Ministry, which will pick refund-eligible retailers based on consumption data provided by the trade, culture, tourism and foreign affairs ministries.
The Finance Ministry will also choose banks to broker the transactions after meeting with the central bank.
Local authorities are responsible for conveying the news to foreign visitors in their areas.
The extension of VAT refund kiosks is part of a pilot program, which began in June 2012.
The refunds apply to brand new goods worth a minimum of VND2 million ($95) purchased at airports, tourism zones and several outlets in big cities.
Retailers must register with the authorities to participate in the scheme.
Visitors must submit a tax refund application and have their listed products checked, before receiving the money. The items can either be checked or carried as hand luggage.
The length that foreign travelers must stay in the country to qualify for refunds has not been established.
France gives tax refunds to foreign visitors who stay in that country for no more than three months; the limit in Singapore is six months.
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