It is highly likely that the draft Law on Special Administrative-Economic Units will not be approved in the next meeting session of the National Assembly in November this year.
The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.
Based on the nine criteria categories set forth in the draft law on special administrative-economic zones (SEZs), the incentives offered to Van Don, Bac Van Phong and Phu Quoc are deemed to be better than those in China, South Korea and Singapore.
The draft law on special administrative-economic zones with mechanism and policy breakthrough is attracting the attention of investors, especially foreign investors in the field of real estate.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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