Recommendations made to help construction and real estate businesses

The Vietnam Association of Construction Contractors (VACC) and a number of other associations have suggested urgent solutions to allay the difficulties facing construction and real estate businesses affected by Covid-19. Recommendations include extending the time to pay value added taxes; cutting corporate income taxes by 50 per cent; implementing a 0 per cent interest rate on bank loans in service of construction sites and projects that have had to cease construction due to anti-pandemic measures; and deferring payment of land use fees.