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.
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.
On September 20, 2019, the Australian Music Examinations Board (AMEB) officially announced a partnership in fields of training and providing AMEB music qualifications with Asia Music & Performing Arts Education (AMPA Education).
In order to prevent money laundering activities, the Ministry of Construction, and the Departments of Construction in all provinces and cities have issued a regulation that requires real estate companies and real estate brokerage services to report all real estate transactions that are more than VND300mn.