US President Donald Trump said on Tuesday (Nov 12) that the United States and China are close to a trade deal, but made clear that the prospect of tariffs was still on the table, with a warning that the US would raise tariffs on China if no trade deal was reached.
There are four basic issues in the land revenue system in Vietnam that need immediate evaluation in order to adapt to the current situation: (1) completion of the land pricing system; (2) categorizing and specifying mechanisms that assess value of land in the market; (3) changing the system of taxation and applicable fees for land use; (4) clarifying that investments from land users do not increase land value.
In developed countries, revenue from land and fixed property makes up 50-90% of the total revenue collected by local authorities, serving as the main source for urban development. Besides this, capital from land revenue also functions as a financial tool to regulate and control real property and urban development.
With tourism becoming an important key economic sector in recent years, the Vietnamese Government has provided many mechanisms and attractive policies to support and create conditions for businesses to enter the field of tourism and travel.
Digitalization in banking began more than half a century ago and became a revolution when fintech technology arrived. Following this trend, banks in Vietnam have also started to develop digital banking in all aspects of transactions.
The Ministry of Agriculture and Rural Development is drafting a project titled "Organic Agriculture Development for the period 2020-2030". Accordingly, Vietnam aims to rank among top 15 organic farming countries.
Every five years, the population of Ho Chi Minh City increases by one million, with most people being office workers, students, factory labors, or immigrants with low and middle income. Meanwhile, the price of housing and land is sharply increasing over the years.
Researchers from the University of California, Berkeley and the University of Copenhagen estimate that close to 40% of multinational profits (more than $650 billion in 2016) are shifted to tax havens each year.