The Ministry of Finance has proposed reductions of land rental fees by up to 30 per cent in 2024 which will help businesses to save around VNĐ4 trillion (US$162.57 million).
Prime Minister Phạm Minh Chính has just signed off on key tasks and solutions to promote growth, control inflation and stabilise the macroeconomy in July and the third quarter of this year.
This marks the fourth time the ministry has imposed fee reductions of 10-50 per cent, which is estimated to have a budgetary impact of about VNĐ700 billion (US$29.1 million).
The Ministry of Finance asked key ministries, branches and agencies, for their feedback on the proposal to extend the reduction of registration fees for domestically manufactured and assembled cars in Việt Nam.
International container shipping rates have increased by more than 70 per cent over the same period last year and by more than 110 per cent compared to the pre- COVID-19 pandemic period.
Improvements in import and export demand, especially through inventory replenishment in the US and Europe, as well as the supply, expected to remain stable until 2025, will help seaport firms recover their yields.
According to Shinhan Securities Việt Nam, Vietnamese firms exporting to Europe and North America’s East Coast are being affected by Red Sea route changes.
Some banks have announced to adjust SMS banking fees starting from the beginning of 2024 and encouraged customers to switch to digital banking apps to get notifications for free.
Real estate firms are offering higher salaries and brokerage fees to attract quality brokers in a market where homebuyers have become more cautious and demanding.
The beneficiary entities include organisations, units, businesses, households, and individuals who are directly leased land by the state according to decisions, contracts or certificates of land use rights and of ownership rights to residential houses and other assets attached to...
If a system of tax credits for the facilities is too complicated to establish, the ministry could push the National Assembly for the abolishment of the environmental tariffs and set the fee mechanism introduced by the decree into motion.