Dr. Nguyễn Quốc Việt, Deputy Director of VEPR, discussed with Vietnam News Agency the 30 per cent increase in Việt Nam''s basic salary to VNĐ2.34 million on July 1, and concerns over potential market price hikes.
Tax incentives had led to a decrease in State revenue in Viet Nam over recent years, said Nguyen Duc Thanh, director of the Viet Nam Institute for Economic and Policy Research (VEPR).
As many as 85 per cent of industrial enterprises in Viet Nam still lag behind Industry 4.0 revolution, and only 13 per cent are at the beginner level, one official has warned.
Viet Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Viet Nam is benefiting from the US-China...
Property has been suffered a variety of taxes in the process of formation, therefore, applying an annual tax on property is unreasonable and distorting the taxation principle.
The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/dong exchange rate stable to avoid increased...