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Real Estate Taxation in Vietnam: A Review and Policy Implication

Truong Ba Tuan1
National Institute for Finance, Ministry of Finance, Vietnam
6 Phan Huy Chu, Hanoi, Vietnam
Email:truongbatuan@mof.gov.vn
Tel: (84-4) 2220 4021; Fax: (84-4) 2220 4020

1. Introduction

Vietnam began to significantly reform its tax system in the late of the 1980s following the
launch of its economic reform in 1986. Since that time, Vietnam’s tax system has
undergone three major reform stages. Together with reform of other taxes, there have also
considerable changes in taxes and fees related to real estate and real estate transaction in
Vietnam.
The purpose of this paper is to provide a discussion on the development of real estate
taxation in Vietnam in the last 10 years. The paper is divided into 5 sections. Following
the introduction, section 2 provides an overall picture of real estate taxation in Vietnam.
Section 3 analyzes major features of the major taxes and fees that are currently applied to
real estate and real estate transactions, including their role in revenue mobilization.
Section 4 discusses briefly policy implications with reference to the handling of
speculations and bubbles in the real estate. The paper is concluded in Section 5.