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Actual property buildings seen in Ho Chi Minh Metropolis in October 2021. Photograph by VnExpress/Quynh Tran
Individuals with massive land holdings and a number of properties must be taxed larger than these with smaller holdings to forestall hoarding and hypothesis, the Communist Occasion’s Central Committee has stated.
It stated in a brand new decree that low-income and ethnic folks ought to get land-use tax and payment cuts.
Details about property be publicized and transaction ought to more and more be made cashless to make sure a wholesome market and stop hypothesis, it stated.
The decree solely permits land acquisition after a plan to relocate and assist inhabitants is accredited.
It stipulates that relocation areas must be constructed first and relocated folks ought to have an equal or higher high quality of life within the new space.
It abandons the usage of official land costs, and stated as a substitute they might be decided by the market.
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