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Budget Revenue Surges: Unraveling the Land-Driven Anomaly

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The General Statistics Office under the Ministry of Finance reports that Vietnam’s state budget revenue for the first 11 months reached nearly VND 2.4 trillion, surpassing the annual estimate by 21.9% and marking a 30.9% increase year-on-year. Notably, land-related revenue saw a significant surge. Economist Nguyen Tri Hieu questions why other revenue streams lagged while land contributions dominated the budget.

Tax Expert: Unless Registered as a Business, Income from Wages and Salaries (Excluding Agriculture,...

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Experts advise that households engaging in business activities, if they have only registered for tax obligations but not for business registration, will be subject to different tax rates.

Ho Chi Minh City Construction Department: No Mandatory Plan to Switch Gasoline Vehicles to...

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The Ho Chi Minh City Department of Construction has announced that the city is actively pursuing a green transformation roadmap. This initiative focuses on enhancing existing infrastructure and alleviating traffic congestion.