The article presents the factors affecting land prices in Vietnam as of January 1, 2025.
Factors affecting the land prices in Vietnam as of January 1, 2025 (Internet image)
On June 27, 2024, the Government issued Decree 71/2024/ND-CP on land prices in Vietnam.
According to Article 8 of Decree 71/2024/ND-CP, factors affecting land prices in Vietnam include:
Factors affecting land prices for non-agricultural land include:
Factors affecting land prices for agricultural land include:
The Department of Natural Resources and Environment, in coordination with relevant departments and sectors, will advise and submit to the provincial People's Committee specific regulations on factors affecting land prices, the maximum differential levels of each factor affecting land prices to determine a certain degree of similarity, and the adjustment methods for each differential level of each factor affecting land prices.
In the event that the provincial People's Committee has not yet regulated or has inadequately regulated the factors affecting land prices, the maximum differential levels of each factor affecting land prices, and adjustment methods for each differential level of each factor affecting land prices, the land pricing agency shall propose specific measures in the explanatory report on the land pricing plan for the Land Pricing Appraisal Council to review and decide.
According to Article 11 of Decree 71/2024/ND-CP, the development, adjustment, amendment, and supplementation of the land price table must be in accordance with the provisions of Article 158 of the Land Law 2024 and Articles 4, 5, 6, 7 of Decree 71/2024/ND-CP; the results of synthesis and analysis of market land price information; the results of implementing the current land price table; the natural, socio-economic, and land management and usage factors, and factors affecting land prices.
More details can be found in Decree 71/2024/ND-CP, effective from the date the Land Law 2024 comes into effect, except for the provisions in clause 2, Article 39 of Decree 71/2024/ND-CP.
To Quoc Trinh
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