Discrepancy between GDP and GNI of Asian countries

[BoQ77]

Black Flag: Vietnam statistics on key indexes is not reliable because lack of data.
So we would not discuss about the unreasonable between them.

There're cash flows never been recorded.
The ratio of banking transactions compare to total transactions still very low.

We mostly pay for house, cars, other big value items by cash.
So it's not surprise to see statistics didn't reflect the real facts.

 

[Viet]

What about the business environment there? easy to start up and run a business? are there any form of support from govt? any access to special low interest loans, etc, for certain sector? What is the process like for business or individuals to file their tax paperwork?

VN appears to favor big companies and gives them a lot of incentives. Big cooperations can negotiate the terms direct with the government. small and medium enterprises don´t have such power and must go through the tax and laws jungle.

for instance: Samsung latest investment. the company wants to invest $1.4b in a new factory in southern vietnam, producing televisions, air conditioners, washing machines, and other home electronics. VN tax authority will exempt the plant from paying corporate taxes for 6 years, after which it will begin paying a 5 %tax rate. the Samsung vice president negotiated the terms during the recent visit of VN communist party chief in S Korea.

Samsung to Build Another Electronics Plant in Vietnam | Business | RIA Novosti