Vietnam to encourage informal sector to pay taxVietNamNet Bridge - The government needs to take action to reduce the size of the informal economic sector, economists say. This is because we still cannot observe and control the economic sector,” Ho said, admitting that measuring and controlling the sector is a difficult task. If the informal sector is ‘observable’ and the size of the sector can be measured, the value generated by the sector can be counted when calculating the nation’s GDP. Lan agrees that the government needs to apply reasonable solutions to encourage the members of the informal sector to join the formal economic sector. Economists continue to argue about the size of the informal economic sector.

Source: VietNamNet News February 22, 2018 07:18 UTC