HCMC — Several Danang City lawmakers have proposed postponing planned adjustments to the city’s land price framework for 2026, saying current prices have already risen and further increases could affect investor interest.
At its year-end meeting, the People’s Council of Danang City reviewed a proposal from the local government on issuing a new land price list from January 1, 2026, reported the Vietnam News Agency.
The People’s Committee of Danang City submitted two options. The first was prepared by a consulting unit. The second, which the city government selected, applies a 20% reduction to the proposed increases in the first option.
Under the selected plan, the biggest increases would be in Ba Na, Hoa Vang and Hoa Tien communes, all above 49%. In central areas, adjustments would be smaller, including nearly 3% in Hai Chau, more than 4% in Hoa Cuong and over 6% in An Hai. Bach Dang Street (the section between Le Duan and Nguyen Van Linh) would remain the highest-priced area at more than VND349 million per square meter.
Council member Tran Thang Loi said the city should keep current prices unchanged to allow more time for assessing economic and social impacts. He noted that Danang City revised its land price list twice in 2025, following an adjustment in late 2024.
Council member Vu Quang Hung said higher prices, especially for industrial land, could raise business costs and reduce the city’s competitiveness. He said many key urban locations have reached VND300–340 million per square metre, while some sites in the draft plan were proposed to rise by 7% to 82%.
Hung said stable land prices would help attract investors as the city develops an ecosystem linking industry, logistics and innovation. He said the city’s long-term goal is to attract strategic projects, create jobs, support trade and contribute to GRDP growth.
He proposed keeping industrial land prices unchanged for now and focusing on infrastructure and support for businesses.
The Economic and Budget Committee under the People’s Council of Danang City also recommended delaying approval and asked the city government to continue reviewing the plan and submit it at a later session.
