HCMC – Can Tho City has approved a new land price framework that will take effect from 2026, with urban land prices rising sharply while suburban and rural areas see modest adjustments.
The resolution was passed at the eighth meeting of the People’s Council of Can Tho for the 2021–2026 term. The new framework replaces the current price list, which expired at the end of 2025, and is built in line with the 2024 Land Law, using market-based principles.
Under the new framework, land prices are classified into four locations. The highest rates apply only to “Location 1” plots, defined as land directly fronting main roads. Prices for land located in alleys or with a depth exceeding 20 meters are discounted to 80% or 40%, depending on distance from the main road.
The highest price is recorded in Ninh Kieu Ward, the city’s central district. Land on Hoa Binh Street, particularly the section between Nguyen Trai and 30/4 streets, is priced at VND177.8 million per square meter, the highest level for urban residential land in the city. This represents an increase of about 20% compared to the current land price list. The area is considered the city’s urban core, home to administrative offices, commercial centers and key tourism sites.
Land prices in areas surrounding the urban core have also increased, though at a lower rate. In wards previously belonging to Binh Thuy, Cai Rang and O Mon districts, prices have risen by 20–40%. For example, land on Cach Mang Thang Tam Street in Binh Thuy Ward is now priced at more than VND28 million per square meter at its highest level.
In contrast, land prices in former outlying districts such as Phong Dien, Thoi Lai and Vinh Thanh have seen only slight increases of 5–10%, while many rural areas remain unchanged. Prices in locations along rivers and canals, or on roads with incomplete infrastructure, are significantly lower. Land in small alleys, resettlement zones and suburban residential areas typically ranges from VND2 million to VND10 million per square meter.
According to the drafting agency, the adjustments are based on market surveys and the city’s average income levels. Authorities said the updated land price framework is expected to support budget revenue from land-related taxes and transfers, while improving transparency in compensation and site clearance for major development projects.
