WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Cinema industry asks for recognition as essential service amid pandemic
Hai Yen 21:53, 2021/06/02
Movie distributors and cineplex operators have called for cutting 50% of value-added tax and payment deferral of such tax until December 31, 2021.

Major players in Vietnam’s cinema industry have proposed that film screening be included in the list of essential services amid the Covid-19 outbreak.

 Cinema in CGV Mipec Tower in February. Photo: Kinhtedothi

“During this difficult moment, entertainment activities should be promoted to reduce illness due to mental stress, in turn relieving pressure on the healthcare system,” stated movie distributors and cineplex operators, including Thien Ngan, BHD Vietnam, CGV, and Lotte Cinema, in a joint letter sent to the government.

Under this context, all four companies suggested the government should soon allow cinemas to be reopened on condition that Covid-19 countermeasures are met.

They explained that in cinemas, viewers only focus on the movie instead of talking, not to mention a safe distance between seats, along with online ticket purchase, movie screening is safe and effective in avoiding mass gatherings.

On behalf of the movie industry, these enterprises also called for cutting 50% of value-added tax and payment deferral of such tax until December 31, 2021, as well as waiving or reducing personal income tax for those working in the industry.

In the letter, enterprises argued that during the 2010-2019 period, the movie industry had gone from strength to strength with the number of modern cinemas nationwide going up from 90 to 1,096, a surge of 1,104%.

Meanwhile, the number of movie-goers also rose sharply from seven million to 57 million per year, up 714%, resulting in revenue of VND4.14 trillion (US$179 million) from VND540 billion (US$23.34 million).

“Such strong growth helps create jobs for 10,000 people and represent a big source of the state budget revenue,” it noted.

However, since early 2020 to date, the Covid-19 pandemic has caused a suspension of all entertainment activities, including cinemas.

“With zero revenue, cinema operators still have to cover all operational costs. As a result, all are facing the risk of bankruptcy, regardless of their sizes,” stated the letter.

RELATED NEWS
TAG: Vietnam cinema industry BHD Vietnam CGV Lotte Cinema Covid-19 pandemic movie screening
Other news
22:44, 2024/11/28
Internet users in Vietnam to hit 100 million by 2029
Internet Day 2024 highlighted the rapid growth of internet penetration in Vietnam and the country's strategic plans for digital transformation.
20:55, 2024/11/27
Prime Minister calls for active participation in innovative start-ups
Techfest 2024 is taking place November 26-28 in the northern city of Haiphong.
17:00, 2024/11/26
Hanoi advocates traceability for safe food
Hanoi continues to implement advanced quality management processes in collaboration with various agencies and local authorities.
17:35, 2024/11/23
Hanoi gears up for Tet: ensuring a steady supply of safe food
The city will work closely with other cities and provinces to ensure that consumers in the capital have access to safe food and agricultural products.
14:47, 2024/11/15
Year-end hiring spree as Hanoi companies ramp up recruiting
In the fourth quarter, many major holidays will lead to increased hiring as companies finalize orders and anticipate new projects.
13:33, 2024/11/14
Vietnam's digital economy expected to grow big in 2024
E-commerce is expected to reach US$22 billion in 2024, leading the growth of Vietnam's digital economy.