Vietnam Today and beyond.

Monday, March 28, 2022

 REAL ESTATE TAX IN VIETNAM!


Aerial view of HCMC at night

I am shocked to know that Vietnam has almost no property tax! This is the revenue that the Vietnam government should collect annually, just like in the United States and other countries. 

In the United States, the property taxes paid by property owners is done every semester (about 6 months apart), and they are collected by each county. This is a very large revenue the local government can not miss.

The money from property taxes is used to pay for public schools - kindergarten, grade schools, to community colleges, including teachers' salaries - throughout counties, cities, and districts. Other city or county workers like firefighters, police, emergency medical technician and a range of other public safety workers are being paid by the city using this property tax revenue.

Property tax revenue collected by the counties can really lessen the burden of expenses on the Federal government so it can have enough fundings to pay for Social Security, Medical care, and others.


Property in Hoi An - a famous tourist destination.

I hope the Vietnam government will soon implement its law to include property tax collection besides other taxes in order to have the revenue big enough to fund its social security, and other necessary expenses for its retirees - just like in other developed countries.


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As a Vietnamese American - graduated from college here in the US, I want to spend some time in Vietnam - a country I left when I was very young. Because of the war, I did not have any opportunity to travel much in Vietnam, except Saigon and Vung Tau back and forth during those years. Now is the time for me to learn more about my mother's country to appreciate its beauty, art, and culture.

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