According to Professor Dang Hung Vo, valuing agricultural land based on income results in very low and unfair prices, causing significant disadvantages for farmers.
The new land price list will be applied by Ho Chi Minh City from today, October 31st, to December 31st, 2025; yesterday afternoon, the tax department finalized the documents determining land financial obligations based on the old prices.
Ho Chi Minh City has issued regulations prohibiting the subdivision and sale of land plots to control construction and prevent violations of planning regulations.
That was the assessment of the Vice Chairman of the Ho Chi Minh City People's Committee, Bui Xuan Cuong, regarding Decision No. 79/2024 regulating land price tables in Ho Chi Minh City, which was recently issued.
According to the Ho Chi Minh City People's Committee's decision to adjust the land price list for 2020, applicable from October 31, 2024 to December 31, 2025, the highest land prices are on Le Loi, Dong Khoi, and Nguyen Hue streets.
Chairman of the Ho Chi Minh City People's Committee Phan Van Mai, also Chairman of the Ho Chi Minh City Land Price Appraisal Council, has requested that all units finalize the adjusted land price list by tomorrow afternoon, October 16th.
If everything goes according to plan, before October 15th, the Ho Chi Minh City People's Committee will issue a decision amending and supplementing Decision No. 02/2020/QD-UBND on the adjusted land price list.
Until a decision to amend and supplement the land price list under the 2024 Land Law is issued, Ho Chi Minh City will continue to use the old land price list for tax calculation.
According to the Ho Chi Minh City Department of Natural Resources and Environment, the land price adjustment roadmap consists of three stages, as stipulated in the 2024 Land Law.
Land records of citizens are being "pending" because Ho Chi Minh City has not yet issued the adjusted land price list, causing concern among City Council representatives about the impact on people's rights.
The Propaganda Department of the Ho Chi Minh City Party Committee conducted a survey of residents living and working in the city regarding the draft revised land price list from August 19-23.
The Ho Chi Minh City Department of Natural Resources and Environment stated that it will compile feedback and, together with relevant departments and agencies, advise the Ho Chi Minh City People's Committee on the implementation date of the new land price list.
According to Phan Cong Chanh, CEO of Phu Vinh Group, the housing market, especially commercial housing, will soon be dominated by large, financially strong companies.
According to the Chairman of the People's Committee of Ho Chi Minh City, when the new land price list is applied, the land clearance costs for the Rach Xuyen Tam and Bo Bac Kenh Doi projects will amount to more than 10.000 billion VND.
According to the Director of the Department of Natural Resources and Environment of Ho Chi Minh City, this price list is an adjusted price list, not a new price list in accordance with the 2024 Land Law.
Ho Chi Minh City's new land price list is expected to see significant increases on a number of roads to better reflect reality and align with new policies, thereby facilitating capital flow.
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