Vietnam: Guidance on determining annual land price adjustment coefficients

09:20, 16/11/2017

The Government of Vietnam officially approved Decree No. 123/2017/ND-CP on amendments to certain articles of Decree No. 45/2014/ND-CP and Decree No. 46/2014/ND-CP on collection of land levy, land rent and water surface rent.

The Government specifies that:

- Land price adjustment coefficients issued by People's Committees of provinces/central-affiliated cities (hereinafter referred to as "People's Committees of provinces") shall apply from January 01 every year.

- The time for conducting surveys to develop coefficients k shall be from October 01 every year.

- In the cases where the People’s Committee of the province has not issued coefficient k from the date of determining land levy, coefficient k issued in the previous year shall be applied.

In these cases, such People’s Committee may take responsibility for loss of budget due to failure to issue coefficient k on schedule (if any).

View other guidance at Decree No. 123/2017/ND-CP of Vietnam’s Government, effective from January 01, 2018.

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