From 01/01/2026: The land price tables in Vietnam will be updated annually

From 01/01/2026: The land price tables in Vietnam will be updated annually

The Law on Land in 2024 (Amended Land Law) was voted and approved by the National Assembly with 432 out of 477 delegates present (accounting for 87.63% of the total number of National Assembly delegates) on January 18, 2024, during the 5th extraordinary session of the National Assembly at the National Assembly House, under the chairmanship of the National Assembly President.

In the full text of the Amended Land Law 2024, it is stipulated that the Provincial People's Committee is responsible for submitting to the Provincial People's Council for decisions on adjusting, amending, supplementing land price tables for publication and application from January 1 of the following year (i.e., January 1, 2026), or adjusting, amending, supplementing within the year and assigning the Government to provide detailed regulations to ensure that land price tables are updated appropriately according to reality.

This is a big change compared to the Law on Land in 2013. Pursuant to Article 114 of the Law on Land in 2013 stipulating land price tables and specific land prices as follows:

Land price tables and specific land prices

1. Based on the principles, methods of land valuation and land price frames, provincial-level People’s Committees shall develop and submit the land price tables to the People’s Councils of the same level for review before promulgation. Land price tables shall be developed once every 5 years and publicized on January 1 of the beginning year of the period.

During the implementation of land price tables, when the Government adjusts land price frames or there are changes in popular land price in the market, provincial-level People’s Committees shall adjust land price tables accordingly.

At least 60 days before submitting the land price tables to the People’s Council of the same level for review, the provincial-level People’s Committee shall send the draft land price tables to agencies in charge of developing land price frames for consideration. In case of big difference in land prices at bordering locations among provinces and centrally run cities, this difference must be reported to the Prime Minister for decision.

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Thus, according to the current applicable laws and regulations, it can be seen that land price tables will be established periodically every 5 years and publicly announced on January 1st of the first year of the cycle.

However, starting from January 1, 2026, land price tables will be established annually. In the event that adjustments, amendments, or supplements are necessary within the year, it is the responsibility of the Provincial People's Committee to submit to the Provincial People's Council for decisions.

From 01/01/2026: The land price tables in Vietnam will be updated annually - image from internet

What are the cases in which land price tables are used as a basis according to the regulations prior to the effective date of the Law on Land in 2024 in Vietnam?

Pursuant to Clause 2 Article 114 of the Law on Land in 2013 stipulating as follows:

Land price tables shall be used as a basis for the following cases:

- Calculation of land use levy when the State recognizes land use rights of households and individuals for land areas within land use quotas, or permits change of land use purpose from agricultural land or non-agricultural land which is non-residential land to residential land for land areas within land allocation quotas applied to households and individuals;

- Calculation of land use tax;

- Calculation of charges and fees in land management and use;

- Calculation of fines for administrative violations in the field of land;

- Calculation of indemnification paid to the State for damage caused in land management and use;

- Valuation of land use rights paid to the people who voluntarily return land to the State in case the returned land is allocated with land use levy, recognized of land use rights with land use levy, or leased land with full one-off rental payment for the entire lease period by the State.

What are land use principles in Vietnam?

Currently, the Law on Land in 2013 is still in effect. Therefore, the principles of land use are based on the provisions of the Law on Land in 2013. Pursuant to Article 6 of the Law on Land in 2013 stipulating land use principles as follows:

Land use principles

1. Compliance with land use master plans and plans, and use for proper purposes.

2. Economy, effectiveness, environmental protection, and causing no harm to the legitimate interests of adjacent land users.

3. Land users may exercise their rights and perform their obligations within the land use term in accordance with this Law and other relevant laws.

As regulations above, land use principles are:

- Compliance with land use master plans and plans, and use for proper purposes.

- Economy, effectiveness, environmental protection, and causing no harm to the legitimate interests of adjacent land users.

- Land users may exercise their rights and perform their obligations within the land use term in accordance with the Law on Land in 2013 and other relevant laws.

Best regards!