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Update news Land tax
Realty tax not only creates sources of collection for the State budget but also is a policy able to spur growth and reduce bribery related to land. Vietnam does have realty tax.
VietNamNet Bridge - A house with a floor area of 100 square meters on Dong Khoi street in District 1 of HCMC has a market price of VND1 billion per square meter.
VietNamNet Bridge - Vietnam saw a sharp decrease in coffee exports in the first four months of the year, which is attributed to lower demand from the world’s roasters and increased output from China.
VietNamNet Bridge – Vietnam is considering offering unilateral visa exemptions for more countries and simplifying visa procedures in order to woo more international visitors.
VietNamNet Bridge - Poor tax administration prevents the expansion of the land tax. Typically, land tax can generate large revenues for local budgets, while in Vietnam, this number is very low.