When are Ne Zha 2 showtimes in Vietnam? What is the VAT rate applying to film import, distribution and screening in Vietnam?

Ne Zha 2: Showtimes in Vietnam

Ne Zha 2 - the animated feature film released during the Lunar New Year 2025 has garnered significant attention from the audience. As of now, Ne Zha 2 is recognized as the highest-grossing box office film in the history of Chinese cinema.

Amidst the buzz surrounding Ne Zha 2, the official fan pages of major cinema chains in Vietnam such as CGV, Lotte Cinema, Galaxy Cinema, and BHD Star Cineplex have simultaneously posted confirmations that Ne Zha: Demon Child Sails the Sea will officially premiere in theaters nationwide.

However, currently, only BHD Star Cineplex has announced the tentative showtimes as March 14, 2025, with a runtime of 143 minutes.

Other cinema chains like CGV, Lotte Cinema, and Galaxy Cinema have yet to make an official announcement regarding the showtimes.

Note: The information about the showtimes of Ne Zha 2 in Vietnam is for reference only. We will continue to update as official announcements are made by the cinemas.*

When are Ne Zha 2 showtimes in Vietnam? What is the VAT rate applying to film import, distribution and screening in Vietnam? (Image from the Internet)

What is the VAT rate for film import, distribution and screening?

According to point n, clause 2, Article 8 of the Value Added Tax Law 2008 as supplemented by clause 3, Article 1 of the Amended Value Added Tax Law 2013, the regulation is as follows:

Tax Rate

...

2. The 5% VAT rate applies to the following goods and services:

...

l) Medical equipment, instruments; medical sanitary napkins and bandages; vaccines, biologicals for disease prevention and treatment; pharmaceutical products for disease treatment, including raw materials for drug production;

m) Teaching and learning aids, including models, drawings, boards, chalk, rulers, compasses, and specialized equipment used for teaching, research, and scientific experiments;

n) Cultural activities, exhibitions, sports; artistic performances, film production, film import, distribution and screening;

o) Children's toys; books of all kinds, except for books specified in clause 15, Article 5 of this Law;

p) Scientific and technological services under the provisions of the Law on Science and Technology.

q) Sale, lease, and lease-purchase of social housing as defined by the Housing Law.

...

Thus, according to the above regulation, film import, distribution and screening activities in Vietnam will be subject to a 5% VAT rate.

Who are exempt from VAT according to current regulations?

Based on Article 5 of the Value Added Tax Law 2008 as amended by clause 1, Article 1 of the 2016 Law on Amendments to Value Added Tax, Special Consumption Tax, and Tax Management, clause 1, Article 1 of the Amended Value Added Tax Law 2013, and as supplemented by clause 1, Article 3 of the 2014 Law on Amendments to Various Tax Laws, the following entities are exempt from VAT:

- Products from cultivation, husbandry, aquatic products that are raised, caught but not yet processed into other products or only undergone ordinary preliminary processing by organizations or individuals who produce, catch and sell.

Enterprises, cooperatives purchasing products from cultivation, husbandry, or aquatic products that are raised or caught but not processed into other products or only undergone typical preliminary processing, for sale to other enterprises, cooperatives are not required to declare, pay VAT but may claim input VAT deduction.

- Products that are animal breeds, plant varieties, including breed eggs, breed animals, breed plants, breed seeds, semen, embryos, genetic materials.

- Watering, drainage services; plowing and harrowing soil; dredging in-field canals serving agricultural production; agricultural product harvesting services.

- Fertilizers; agriculturally dedicated machinery and equipment; offshore fishing vessels; livestock and poultry feed, and other animal feed.

- Salt products produced from seawater, naturally mined salt, refined salt, iodized salt where the main component is sodium chloride (NaCl).

- State-owned housing sold by the State to tenants.

- Land use rights transfer.

- Life insurance, health insurance, student insurance, other related human insurance services; animal insurance, crop insurance, and other agricultural insurance services; insurance for fishing vessels, boats, necessary equipment, and tools serving directly in fishing; reinsurance.

- The following financial, banking, and securities services:

+ Credit-granting services including lending; discounting, rediscounting of negotiable instruments and other valuable papers; guarantees; leasing finance; issuance of credit cards; domestic factoring; international factoring; and other credit granting forms according to law.

+ Lending services by taxpayers who are not credit institutions;

+ Securities trading including securities brokerage; securities dealing; underwriting securities issues; securities investment consulting; securities depository; securities investment fund management; securities portfolio management; market-making services of stock exchanges or securities trading centers; other securities trading services according to the Law on Securities.

+ Transfer of capital including transfer of partial or total invested capital, including the sale of a business to another business for production, business, securities transfer; other forms of capital transfer according to law.

+ Debt trading;

+ Foreign exchange trading;

+ Derivative financial services including interest rate swaps; forward contracts; futures contracts; call, put options on currencies; other derivative financial services according to the law.

+ Selling collateral assets of debts of an organization with 100% charter capital owned by the Government of Vietnam established to handle bad debts of Vietnamese Credit Institutions.

- Healthcare, veterinary services including medical examination, treatment, disease prevention for humans and animals; care services for the elderly, disabled.

- Public postal services, telecommunications, and internet universal service according to programs of the Government of Vietnam.

- Zoo, flower garden, park, street greenery maintenance services, public lighting; funeral services.

- Maintenance, repair, construction using people's contributions, humanitarian aid for cultural, artistic works, public works, infrastructure, and housing for social policy beneficiaries.

- Teaching, vocational training according to the law.

- Radio and television broadcasting using state budget funds.

- Publication, import, distribution of newspapers, magazines, specialized bulletins, political books, textbooks, curricula, legal texts, books in ethnic languages, and propaganda pictures, posters, including those in audio, video tapes, disks; currency, currency printing.

- Public passenger transportation using buses, trams.

- Machinery, equipment, spare parts, materials not produced in the country, requiring importation for direct use in scientific research, technological development activities; machinery, equipment, spare parts, specialized transportation means, and materials not produced in the country, requiring importation for oil and gas exploration, development; aircraft, drilling rigs, ships not produced domestically that need to be imported to create fixed assets of enterprises or leased from abroad for production, business, leasing, sub-leasing.

- Weaponry and specialized equipment serving national defense and security.

- Goods imported under humanitarian aid, non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations, people's armed forces units; personal gifts to individuals in Vietnam under the limits regulated by the Government of Vietnam; personal and organizational belongings exempted from diplomatic immunity; goods carried by persons within the duty-free luggage quota.

Goods and services sold to foreign organizations, individuals, international organizations for humanitarian aid, non-refundable aid for Vietnam.

- Transferred goods, transiting through Vietnam; temporary import goods for re-export; goods temporarily exported for re-import; imported materials to produce and process export goods according to production and processing contracts signed with foreign parties; goods and services purchased and sold between overseas with non-tariff zones and between non-tariff zones with each other.

- Technology transfer according to the Technology Transfer Law 2017; intellectual property transfer under the Intellectual Property Law 2005; computer software.

- Imported gold in bars, blocks not crafted into jewelry, fine art products, or other goods.

- Exported products from unprocessed natural resources, minerals; exported products comprised of processed resources, minerals with total resource, mineral value plus energy costs constituting 51% or more of the product's cost.

- Artificial products used to replace human body parts; crutches, wheelchairs, and other dedicated tools for the disabled.

- Goods and services of businesses, individuals with annual revenue from business activities not exceeding one hundred million VND.

Businesses providing goods and services not subject to VAT as stipulated in Article 5 of the Value Added Tax Law 2008 cannot claim deductions or refunds for input VAT, except when a 0% tax rate is applied as prescribed in clause 1 of Article 8 Value Added Tax Law 2008.