HCMC attempts to efficiently implement specific mechanismsChairman of HCMC People’s Committee Nguyen Thanh Phong yesterday afternoon presided over a meeting on implementing the NA resolution of the specific mechanism for city development. Tax, fee increaseDr. Tran Du Lich congratulated HCMC for having specific mechanisms after many years of pursuing but noted that the city will undergo heavy pressure with the responsibility of efficiently implementing the mechanisms during only five pilot years. It is not sure that tax hike will increase or tax cut will reduce budget revenue, he analyzed. If that situation occurred, budget revenue would reduce although the city increased taxes, he said. Mr. Phong assigned deputy chairman of HCMC People’s Committee Tran Vinh Tuyen to undertake the group of works relating to finance and budget.

Source: VietNamNet News December 13, 2017 11:48 UTC