Content of land pricing by using land price coefficient method in Vietnam

01:59, 11/07/2024

On April 27, 2015, the Ministry of Natural Resources and Environment issued Circular 20/2015/TT-BTNMT on economic - technical norms for preparing state budget estimates for land pricing in Vietnam.

Content of land valuation tasks using the land price adjustment coefficient method, Circular 20/2015/TT-BTNMT

Content of land pricing by using land price coefficient method in Vietnam (illustration)

Circular 20/2015/TT-BTNMT specifies the detailed contents of land pricing using the using land price coefficient method based on the tool usage structure by the coefficient adjustment method as follows:

Regulations on tools norm for land pricing using the adjustment coefficient method in Vietnam

No.	Item List	Unit of Measurement	Duration (months)	Norm (shifts/average land pricing area)
				Residential land		Non-agricultural land not homestead land		Agricultural land
				Indoor operations	Outdoor operations	Indoor operations	Outdoor operations	Indoor operations	Outdoor operations
1	Desk	Piece	96	70.40		83.20		57.60
2	Office chair	Piece	96	70.40		83.20		57.60
3	Filing cabinet	Piece	96	17.60		20.80		14.40
4	Stapler	Piece	24	35.20		41.60		28.80
5	Protective clothing	Set	18	4.40		5.20		3.60
6	Safety shoes	Pair	6		19.20		24.00		16.00
7	Socks	Pair	6		19.20		24.00		16.00
8	Document bag	Piece	24		19.20		24.00		16.00
9	Hard hat	Piece	12		19.20		24.00		16.00
10	USB (4 GB)	Piece	12		19.20		24.00		16.00
11	Uninterruptible Power Supply	Piece	60	70.40		83.20		57.60
12	Ventilation fan 0.04 kW	Piece	36	26.40		31.20		21.60
13	Raincoat	Set	6		5.76		7.20		4.80
14	Water bottle	Piece	6		19.20		24.00		16.00
15	Backpack	Piece	24		19.20		24.00		16.00
16	40 cm plastic ruler	Piece	24	35.20	9.60	41.60	12.00	28.80	8.00
17	Pencil sharpener	Piece	9	3.52	1.92	4.16	2.40	2.88	1.60
18	Neon lamp 0.04 kW	Set	30	70.40		83.20		57.60
19	Casio calculator	Piece	36	44.00	4.80	52.00	6.00	36.00	4.00
20	CD burner 0.4 kW	Piece	36	2.64		3.12		2.16
21	Ceiling fan 0.1 kW	Piece	36	8.80		10.40		7.20
22	Electricity	kW		6.10		7.21		4.99

Note: The tool norm is calculated for an average land pricing area; when calculating for a specific land pricing area, adjust similarly to specific labor norms for land pricing using the using land price coefficient method.

Content of land pricing using the adjustment coefficient method

No.	Task Content	Structure (%)
		Residential land		Non-agricultural land not homestead land		Agricultural land
		Indoor operations	Outdoor operations	Indoor operations	Outdoor operations	Indoor operations	Outdoor operations
1	Preparation work	10.34		8.73		12.69
2	Investigation, synthesis, analysis of information	18.50	100.00	17.57	100.00	19.87	100.00
3	Determining market popular land prices of each land position in the area to be valued	16.19		17.57		14.19
4	Determining the land price adjustment coefficient of each land position in the area to be valued	27.76		29.28		25.54
5	Develop plans for the land price adjustment coefficient of each land position in the area to be valued	18.50		19.52		17.03
6	Complete the draft adjustment coefficient plan	6.94		5.86		8.51
7	Print, copy, store, publish the adjustment coefficient plan	1.77		1.47		2.17
	Total	100.00	100.00	100.00	100.00	100.00	100.00

Details can be found in Circular 20/2015/TT-BTNMT effective from June 12, 2015.

Ty Na

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