For shared revenue, Vietnam adopts
the “sharing rate” which is kept stable
for 3-5 years (known as Stability
period):
– Key fiscal parameter is fixed in the
Stability period
In the Stability period 2011-15, among
63 provinces:
– 3 provinces only allowed to keep
a portion of the shared taxes (the
remaining is transferred to the
central budget)
– 50 provinces retain 100% of
shared taxes collected in their
jurisdictions.