“‘Tuýt còi’: Tân Hoàng Minh’s Subsidiary Making a Fortune in Multiple Provinces during Tet”

The completion of Long Thanh airport ahead of schedule; the forced execution of the Tân Hoang Minh Group's business, several provinces and cities making a fortune during Tet... These are the noteworthy pieces of information from the past week.

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Striving to complete Long Thanh Airport 6 months ahead of schedule

On February 13th (the 4th day of Lunar New Year 2024), Prime Minister Pham Minh Chinh and the Government’s working delegation inspected the construction site of the Long Thanh Airport project and encouraged the workers who were working during the Lunar New Year holiday on the construction site.

Prime Minister visits workers and engineers at the construction site during the holiday.

According to the report of the Ministry of Transport, after more than 5 months of commencing the bidding package 5.10 “construction and installation of passenger terminal building equipment” of component project 3 – essential works in the airport of the Long Thanh International Airport project, phase 1. The contractors have mobilized more than 3,200 laborers and nearly 1,300 machinery and equipment to serve the construction of bidding packages, of which nearly 800 engineers and workers stayed on the construction site and organized construction during Tet. Up to now, the disbursement of public investment for the bidding packages has reached more than 11.3 trillion VND.

After inspecting the site and listening to the reports, Prime Minister Pham Minh Chinh acknowledged and highly appreciated the progress of the implementation of the items, in which the land clearance and the basic procedures have been completed; the 4km long runway with a width of 74m has taken shape, and the underground part of the terminal building has been completed.

The Prime Minister emphasized that if 2022 and 2023 were the years of initiation, 2024 would be the year of acceleration, and 2025 would be the year of breakthrough, and the first 6 months of 2026 must be completed, putting the Long Thanh Airport project into operation.


Business under TAN HOANG MINH group faces enforcement

The Customs Sub-Department of Investment Management – Ho Chi Minh City Customs has decided to enforce the suspension of customs procedures for export and import goods of TAN HOANG MINH Trading Services Co., Ltd. (under TAN HOANG MINH group), located at 72 Le Thanh Ton Street, Ben Nghe Ward, District 1, Ho Chi Minh City.

Tracodi has just been enforced with enforcement measures due to long-standing tax debts.

The reason is that this company has owed domestic taxes for more than 90 days from the expiration date of payment according to regulations, with a total amount of nearly VND 160 billion.

According to the Customs Sub-Department of Investment Management, the enforcement decision will be effective for a period of 1 year from January 31, 2024, and will only end when the tax debt is fully paid into the state budget. Previously, in September 2022, TAN HOANG MINH Trading Services Co., Ltd. was also subject to enforcement measures due to tax debts of over 90 days, with a total amount of over VND 174 billion.


Many provinces and cities “earn money” during Tet

Data from the National Tourism Administration of Vietnam shows that during the Lunar New Year holiday from February 8 to 14, the tourism sector across the country welcomed and served about 10.5 million domestic tourists, an increase of 16.6% compared to the same period last year. Especially, there were about 3.5 million overnight tourists, reaching an increase of 75%.

The average room occupancy rate is about 45-50% at the tourism accommodation system. It is worth noting that high-class tourism accommodations from 4 to 5 stars in some localities have higher capacities, focusing on the 3rd and 4th days of the Lunar New Year.

The influx of international visitors to Vietnam during the holiday greatly contributed to Hanoi’s revenue of over VND 2,000 billion.


The surge in visitors has boosted tourism revenue in many localities. For example, in HCMC during the recent holiday, an estimated 1.8 million tourists were welcomed and served, an increase of 5.9% compared to the same period. Total revenue from tourists is estimated to reach VND 6,550 billion, an increase of 4% compared to the same period in 2023.

According to the report from the Hanoi Department of Tourism, the number of visitors to the capital reached 653,000, an increase of 21.6% compared to the same period last year. The total revenue from tourism activities is estimated at VND 2,350 billion.

Kien Giang Province has welcomed more than 335,000 spring tourists, with domestic and international visitors reaching 281,000 arrivals and 53,500 arrivals, respectively. The total revenue is estimated at over VND 1,122 billion. In which, Phu Quoc Island has welcomed more than 191,200 tourists, an increase of 32.5% compared to the same period.


Welcoming more than 150,000 passengers per day, Tan Son Nhat airport breaks the Tet record

After the Lunar New Year holiday in 2024, the number of passengers from provinces and cities across the country coming to Tan Son Nhat airport continued to increase sharply.

According to the representative of Tan Son Nhat International Airport, today (February 16th), the airport is expected to operate 964 flights, including 845 flights carrying passengers to and from the airport with more than 150,000 people. In which, the majority of passengers are domestic passengers with over 101,000 arrivals (nearly 70,000 arrivals and over 31,000 departures).

This is the day that Tan Son Nhat airport welcomed a record number of passengers during the peak periods of the Lunar New Year 2024. Previously, on the 5th day of the Lunar New Year, the number of passengers through the airport reached about 1480,000 with 836 flights being operated.


Nearly 17,000 billion VND of public investment capital pumped into the economy

The Ministry of Finance said that in the first month of 2024, nearly 17,000 billion VND of public investment capital was disbursed, higher than the same period in 2023. This amount of money “pumped” into the economy will contribute to driving the economic growth in 2024.

Dương Bá Đức – the head of the Investment Department of the Ministry of Finance – said that public investment capital contributes to supporting economic growth while also being a pillar to overcome difficulties and bottlenecks in development.

Nearly 17,000 billion VND of public investment capital was “pumped” into the economy. (Illustrative Image: ST).


Immediately after the Prime Minister allocates capital, the Ministry of Finance urges units to allocate, input budgets, and disburse the 2024 state budget investment plan for ministries, agencies, and localities. From there, it serves as the basis for the Ministry of Finance to approve the estimates for the projects in accordance with regulations.

“The estimated public investment payment for January 2024 reached 16,934 billion VND, achieving 2.46% of the plan, higher than the same period last year,” said Mr. Đức.

One of the contributing factors to accelerating the disbursement of public investment capital in January 2024 comes from breakthrough solutions to overcome difficulties and obstacles of investment projects related to sources of sand, replacement materials…


General Department of Customs directs “hot” measures to prevent budget loss

The General Department of Customs has issued a plan to implement synchronized and resolute measures to create favorable conditions for trade, improve the effectiveness of state management, and prevent revenue loss in the implementation of the state budget revenue task in 2024.

The General Department of Customs requires units to strengthen the prevention of loss through inspection and supervision.

Accordingly, in 2024, the General Department of Customs is allocated a state budget revenue estimate of 375,000 billion VND by the National Assembly. The estimate is based on a GDP growth of 6-6.5% and crude oil prices at $70/barrel.

To fulfill the assigned tasks, Customs General Director Nguyen Van Can has requested subordinate units to concentrate resources to implement resolute and synchronized solutions, including a group of solutions to create favorable conditions for trade and a group of solutions to prevent budget loss.