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Higher second home tax to pose challenges HÀ NỘI — The Ministry of Finance (MoF)’s proposal to tax second and additional homes to restrict property speculation and oversupply would face challenges, experts have said. Revenue from property tax makes up 2 per cent of GDP in OECD countries and 0.6 per cent in developing economies, according…
VN growth target remains elusive The annual growth goal of 6.7 per cent is likely to remain beyond reach despite an improved economic performance in the second half of the year, says Nguyễn Đức Thành, Director of the Việt Nam Institute for Economic and Policy Research (VEPR). He was speaking at a conference held on…
Top APEC finance officials review priorities NINH BÌNH — Senior financial officials of the 21-nation Pacific Rim APEC grouping reviewed the progress of their recent co-operation activities and will submit the outcome of their talks to the Finance Ministers Meeting in October. The officials’ two-day meeting which ends today in Ninh Bình focuses on the…
City sci-tech market to boost innovation HCM CITY — The municipal administration plans to have 70 per cent of industrial production enterprises in HCM City invest at least eight per cent of their pre-tax profits in developing and applying new technologies by 2020. City sci-tech market to boost innovation. Officials said the plan reflects the awareness…
Residential service fees unrealistic HÀ NỘI — Service fees at residential buildings in Hà Nội, ranging from VNĐ700 (3 US cents) to VNĐ16,500 (72 cents) per square metre, under the capital’s newly-issued decision are thought to be unrealistic. The decision, approved by vice chairman of the capital People’s Committee Nguyễn Doãn Toản late last week,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.