Procedure for the compilation of the land price list applied in Vietnam from July 01, 2014

According to Article 12 of Decree No. 44/2014/NĐ-CP of Vietnam’s Government, the procedure for the compilation of the land price list is as follows:

- The procedures for the compilation of the land price list include:

+ Classifying land in the province by location (in the plain, midland, highland, and classes of urban areas);

+ Investigating, analyzing, synthesizing the market prices of land, the natural, economic, and social factors, management and use of land that affect land prices.

+ Analyzing, evaluating the implementation of the current land price list.

+ Formulating the land price list and making a written request of its promulgation; imposing prices for land in bordering areas prescribed in Article 13 of this Decree;

+ Conducting a survey into the draft land price list.

+ Completing the draft land price list and submitting it to the People’s Committee of the province.

+ Verifying the draft land price list.

+ Submitting the People’s Council at the same level for approval.

+ The People’s Committee of the province shall promulgate the land price list.

- The application for promulgation of land price list submitted to the People’s Committee of the province consists of:

+ A written request of the compilation of the land price list;

+ The draft land price list.

+ A description of the compilation of the land price list.

+ A record on land price verification.

- The application for the compilation of land price list submitted to the People’s Council of the province consists of: A written request of the People’s Committee of the province, the draft land price list and a description of the compilation of the land price list.

- The Verifying Council which is established by the People’s Committee of province and in charge of verifying the land price list includes:

+ A senior representative of the People’s Committee of province as the Council President.

+ A senior representative of the Department of Finance of the province as the permanent member, senior representatives of the Department of Natural Resources and Environment, and Department of Justice of the province , the People’s Committee of the districts, towns, provincial cities (hereinafter collectively referred to as the People’s Committee of Districts), organizations licensed to provide consultancy on land pricing services or specialists in land price and other members chosen by the People’s Committee of the province.

- The Department of Natural Resources and Environment of the province shall impose the local land price list and request the People’s Committee of the same province to promulgate it every 5 years and publish it on January 1st in the first year of this 5-year period.

View more details at Decree No. 44/2014/NĐ-CP of Vietnam’s Government, effective from July 01, 2014.

Le Hai

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