Tag: currency history

The Ministry of Finance has proposed a draft amendment to the Personal Income Tax Law, simplifying the progressive tax bracket system from seven to five brackets. The key highlight is the introduction of a new top tax rate of 35% for monthly incomes above 100 million dong, an increase from the previous threshold of 80 million dong.

The current tiered electricity pricing structure, with its significantly higher rates for each progressive tier (a 4.8% increase from the average retail price), has been criticized by experts for causing a spike in electricity bills during hot seasons. Furthermore, the delayed removal of cross-subsidization has resulted in ordinary citizens bearing the burden for electricity-intensive businesses and foreign-invested companies.

The Hang Be Market in Hanoi is abuzz with activity as locals prepare for the annual Rằm tháng 7 celebrations. Among the myriad of offerings, one particular vendor has caught the attention of discerning patrons with their exquisite chicken and sticky rice ceremonial dish, artfully presented and priced at just under a million dong. This sumptuous spread, meticulously crafted to perfection, promises not only a delightful culinary experience but also a meaningful way to honor time-honored traditions.