HCMC – The Government will maintain its land price framework on a five-year cycle but allow annual adjustments through a coefficient mechanism or a full revision if the market sees major fluctuations, according to Deputy Prime Minister Tran Hong Ha.
At a meeting on amendments to the Land Law, ministries, agencies, and business groups agreed to keep the five-year framework while introducing yearly adjustments to better reflect market conditions, reported the Government news website (baochinhphu.vn).
The proposal is aimed at addressing concerns that rising land-use fees are placing pressure on households, especially when converting agricultural land into residential land.
Ha said adjustment coefficients must be based on transparent methods, with clear legal grounds and defined thresholds for market changes. He added that Vietnam should work toward a unified land pricing system using a national database, but the framework and coefficients will remain in place for now.
The meeting also discussed narrowing the scope of state land recovery, clarifying rules on land auctions and bidding, and considering exemptions or reductions in land-use fees for households without certificates. Financial obligations for land-use conversion were also reviewed.
Other proposals included giving businesses more options in paying land lease fees and allowing mortgaging of assets attached to land to reduce risks.
The Finance Ministry is drafting detailed regulations for specific cases to ease difficulties for citizens and companies.
Ha told authorities to finalize the draft Land Law to ensure transparency, consistency, and flexibility while meeting state management needs and supporting residents and businesses.
