November 5, 2011
Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]
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July 22, 2011
The Vietnamese government’s proposal to cut a variety of taxes raised questions at the National Assembly on the effectiveness of the measures in boosting the economy. The government is suggesting tax reduction and exemption measures worth VND4.2 trillion ($204 million) in 2011 and VND2.2 trillion in 2012, Finance Minister Vu Van Ninh told the [...]
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July 17, 2011
Taxpayers need to be supported through tough economic times, legislators said Several lawmakers are unsatisfied with proposed tax cuts for the poor, which they say will not lift enough pressure off the backs of struggling working families. Others are also standing up against proposed cuts for big companies. The government is seeking legislative approval from the [...]
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December 19, 2009
Members of the National Assembly Standing Committee on Friday said the time was not right to introduce a new tax on home ownership. Under the latest draft property law submitted to the National Assembly, homeowners would have to pay a new taxes of at least 0.03 percent based on the combined value of all of [...]
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November 10, 2009
Local educators need to go back to the drawing board and chalk-up a more innovative approach.LookAtVietnam – Vietnam’s socio-economic development has resulted in booming demand for university and college places. However, poor education standards are handicapping the nation’s economic outlook. Vietnam’s tertiary education has provided strong evidence that more is not always necessarily the merrier. [...]
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November 9, 2009
Legislators said Friday that a new property tax system proposed by the government would not reduce speculation on the real estate market as the rate was not a large enough to act as a deterrent. Under the latest property draft law submitted to the National Assembly on Friday, a homeowner would have to pay an [...]
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October 24, 2009
House members discuss budget deficit at a session in Hanoi Friday Vietnamese legislators said the 2010 budget deficit should be kept at 6 percent of gross domestic product instead of 6.5 percent as projected by the government. Fiscal policies need to be tightened, Ho Chi Minh City representative Tran Du Lich said on Friday at [...]
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October 21, 2009
A worker at Thai Tuan textile factory. Only 20 percent of businesses have benefited from the loan subsidy program, a parliamental report said. The Vietnamese governmentâs interest rate subsidy program should end this year as planned to prevent an imbalance of payments, said the National Assembly Finance and Budget Committee. The committee said in its [...]
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October 2, 2009
Vietnam’s government debt is forecast to stand at 40 percent of its gross domestic product this year, up from 36.5 percent in 2007, the National Assembly Finance and Budget Committee said Friday. The debt would continue to surge to 44 percent of GDP next year, local newswire VietNamNet reported, citing the committee. The Finance and [...]
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October 1, 2009
The governmentâs loan subsidy program has proved effective and should end this year as planned, officials said Rather than providing a second fiscal stimulus package, the Vietnamese government should carry out more economic reforms, according to the central bank and the National Assembly Finance and Budget Committee. The governmentâs loan subsidy program has proved effective [...]
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