Asset taxation to increase real estate prices: expertsVietNamNet Bridge - The proposed asset tax on properties worth VND700 million and more is expected to increase house prices, experts say. Chair of the HCM City Real Estate Association (HoREA) Le Hoang Chau warned that the Ministry of Finance’s tax proposal would have a big impact on the real estate market. The proposed asset tax on properties worth VND700 million and more is expected to increase house prices. Enterprises have to pay corporate income tax of 20 percent, while personal income tax rates are between 5 percent and 35 percent, the same as tax rates in developed countries. If the state taxes real estate assets, businesses and individuals will have to bear too many kinds of tax.