Vietnam could get rid of its most large tax incentives without harming its growth or competitiveness, said an Oxfam expert.

Such comparison suggests that the development of the banking sector may have been too rapid compared to the size of the economy.

Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure.

Such increases have created a burden on the citizens, while multinationals are taking advantage of Vietnam’s incentive policies to avoid taxes.

Hanoi is set to continue to streamline its political system for greater efficiency in operation, and ensure the successful implementation of the pilot urban administration model.