While many people do not have a house and have to rent a room in humid, dilapidated areas, there are a series of villas and townhouses in many urban areas such as Duong Noi (Ha Dong district), Nam An Khanh urban area, Lideco urban area (Hoai Duc district) ... with no residents.
According to Lao Dong reporter's research, most villas and townhouses in urban areas have owners. However, most of these people are mainly investing and buying to wait for profit.
Located on National Highway 32, Lideco urban area in Tram Troi town (Hoai Duc district, Hanoi) started construction by Tu Liem Urban Development Joint Stock Company in 2007, completed in 2013.
Although the project was completed many years ago, currently, only a few villas and townhouses have residents, the rest are still abandoned and uninhabited.
Similarly, Duong Noi urban area (Duong Noi ward, Ha Dong district) is a large project in the West of Hanoi invested by Nam Cuong Group.
The project was started in 2008, although the infrastructure, landscape, roads, lighting systems and items are complete, the number of residents moving in is very small.
Currently, the investor Nam Cuong is continuing to open for sale some subdivisions of the urban area.
In fact, the situation of land speculation leads to many consequences for the economy and society such as people with real needs (for living, for production, for business) being unable to access land while the land is abandoned (due to speculation);...
In the draft to develop the Law on Personal Income Tax (replacement), the Ministry of Finance proposed to regulate tax rates for income from real estate transfers according to the time of ownership of assets, the shorter the tax rate, to prevent real estate speculation.
Sharing with Lao Dong reporter, Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - agreed that applying taxes is a tool to prevent speculation, surfing, abandonment of assets, waste of land, causing instability for the healthy development of the market.
However, if calculating taxation based on holding time to eliminate benefits from speculation and market regulation, according to Mr. Chau, it should only be applied temporarily, specifically when the market is unstable and hot. When the market is stable and sustainable, there is no need to apply this tax rate.
Commenting on the draft law, the Ministry of Justice said that specific tax rates need to be studied and determined appropriately, reflecting the current situation of the real estate market.
However, according to the judicial agency, the application of personal income tax policies for transfers based on holding period needs to be synchronized with the process of completing policies related to land, housing, and the readiness of information technology infrastructure on land registration and real estate.
Meanwhile, Mr. Nguyen Quoc Hung - Vice Chairman and General Secretary of the Vietnam Banking Association - said that a second real estate tax is necessary.
However, we must look at the general level and need to assess the current situation correctly, specifically how many villas and apartments people own.
"When we can assess the current situation correctly, we will propose a more suitable problem. If we tax it immediately, it will affect the real estate market" - Mr. Hung said and said that in the future, it must be done and gradually disseminated through the media.
