In an interview with Vietnam Financial times, Dr. Nguyen Van Hien - Former Vice Rector of the University of Finance - Marketing, stated that the 2% Value-added Tax (VAT) remission is an effective “remedy” for assisting businesses and individuals in overcoming current economic difficulties. This simultaneously affects growth and economic development in general.
How can land fever outbreaks be stopped? Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
20/04/2021 06:00 GMT+7
A “land fever” is spreading throughout the country, from the North to the South, from the lowlands to the mountains. Everywhere, the price for land of all kinds, from housing to industrial to farming land is increasing.
Mr. N.V.T lives in Thien Trung village, Thien Nghiep commune, the home to Phan Thiet airport project in the central province of Binh Thuan which launched in early April and is expected to be completed in 2022. He recently sold 4 sao (1 sao = 500sq.m) of agricultural land for VND8 billion ($345,000) and received a deposit of VND800 million from the buyer.
What’s behind the land fever phenomenon? Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
14/04/2021 09:00 GMT+7
The market often cools down when periods of land fever end, but then new higher price levels reoccur later.
Le Van Binh from the General Department of Land Administration under the Ministry of Natural Resources and the Environment (MONRE) said that land prices escalate periodically, once every 10 years. After every feverish period, land prices surge to higher levels, causing difficulties for investors who want to access land.
Binh said there are many reasons behind the ongoing fever. The main one is information about urban planning.