The City of Ho Chi Minh will Adjust the Collection Rates in the New Land Price Table
The newly proposed land price schedule has increased prices by as much as 5 to 51 times compared to the previous schedule. However, the authorities will collaborate and report to the People’s Committee of Ho Chi Minh City, proposing that the government review and adjust the tax rates and collection amounts as necessary to ensure equitable financial obligations regarding land matters.
The Surprising Lending Speed of Ho Chi Minh City Banks
“Hanoi’s bank credit growth has yet to reach its expected breakthrough as businesses continue to face challenges. Despite this, there remains an air of cautious optimism within the city’s financial sector. With a resilient economy and a dynamic business landscape, the potential for a surge in credit growth is ever-present, and banks are poised to play a pivotal role in facilitating this anticipated upswing.”