Every spring, flower fields on the banks of the Saigon River in Ho Chi Minh City become more attractive with flowers being in full bloom, attracting many visitors. Flower fields cover an area of about 14,000m2 with a variety of flowers. (Photo: VNP/VNA) The garden is equipped with an automatic watering system between flower beds. (Photo: VNP/VNA) Sunflowers are in full bloom at the blossoms garden by Saigon River. (Photo: VNP/VNA) Various kinds of flowers such as sunflower, persimmon, purple gun, lavender, starfish are in full bloom. (Photo: VNP/VNA) Garden owners decorate more miniatures with colorful wooden houses, swings, cottages and hot air balloons to attract visitors. (Photo: VNP/VNA) Garden owners decorate miniatures to attract visitors. (Photo: VNP/VNA) VNP/VNA …
Tet saigon
Work on Saigon’s 2nd metro line scheduled to begin this year
According to the HCMC Management Authority for Urban Railways (MAUR), which oversees construction of the Ben Thanh – Tham Luong route, 461 out of 603 households in six districts who have to relocate have done so. Districts 1, 10, 12, Tan Binh, and Tan Phu have completed compensation negotiations but there are some problems in District 3 where, out of 113 families, only 37 have handed over their lands. The rest have refused to accept the compensation amounts. But MAUR expects the acquisition to be completed by the end of the third quarter. The Ben Thanh – Tham Luong Metro Line will run 11 kilometers between Districts 1 and 12, 9.2 km of it underground, and have 10 stations. It is now expected to cost VND47.9 trillion ($2 billion) after ballooning from the original estimate of VND26 trillion. It is part of eight metro lines planned in the city with a combined length of 220 kilometers and a price tag of nearly $25 billion. Disagreements over compensation have repeatedly delayed land acquisition, causing the entire project to be rescheduled several times. Its first phase is scheduled to finish in 2026, when it will carry 140,000 passengers a day. The country’s biggest city, with a population of 13 million, has been struggling with traffic congestion for years. The number of personal vehicles has exploded with 825,000 automobiles and 8.12 million motorbikes on the roads now, while public transport is woefully underdeveloped. …
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Vietnam tax revenue down 1.4% in two-month period
The Hanoitimes - The fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue. Vietnam’s tax revenue in the first two months of 2021 is estimated at VND246.4 trillion (US$10.7 billion), representing a decline of 1.4% year-on-year. Tax officers instruct locals to declare tax. Photo: Ha Lam Upon breaking down, revenue from crude oil dropped by 53.3% year-on-year to VND4.9 trillion (US$212.63 million), equivalent to 21.1% of the yearly estimate, while domestic revenue reached VND241.55 trillion (US$10.47 billion), or 22.1% of the estimate. “The figure remained a positive note taking into consideration a week-long Tet holiday in February causing production paralysis and a Covid-19 outbreak in a number of provinces/cities,” Director of the General Department of Taxation Cao Anh Tuan revealed the figure at a meeting on March 3, noting trade, transportation and tourism have all been impacted as a result. According to Tuan, the fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue. Among measures to mitigate negative impacts on the state budget, tax authorities have been focusing on recovering tax arrears, reaching VND5.11 trillion (US$221.7 million) as of February 28, or 17% of the target. “Total tax arrears as of February 28 declined by 10.4% year-on-year,” Tuan added. Tuan expected the serious Covid-19 situation globally would continue to impact the local economy and subsequently tax revenue in 2021. “The taxation department aims to realize government’s supporting program in an effective and timely manner to support the business community affected by the pandemic, so that they could recover from a difficult period and return to operation,” Tuan stressed. Tuan requested tax departments at various …
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