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Heated controversy over proposal of taxing housing worth over $30,800

Economic experts are voicing conflicting opinions on the Ministry of Finance’s proposal to tax housing worth over $30,800, which may earn more to the State budget but severely affect chance of having accommodation for moderate incomers.

High taxes on real estate may prevent speculation, corruption and money laundering

"An economy with low real estate prices will guarantee sustainable economic development,” said Prof. Dang Hung Vo, former Deputy Minister of Natural Resources and Environment.

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