HCMC – HCMC could collect up to VND86 trillion from land-related fees in 2025 if long-standing legal bottlenecks are addressed, according to city authorities.
At a meeting on October 2, the HCMC Department of Natural Resources and Environment said more than 70 land valuation files have been approved this year, generating around VND52 trillion for the city budget. If another 70 files are processed in the remaining months, total revenue could reach VND86 trillion.
Dao Quang Duong, head of the department’s Land Economics Division, said the implementation of the 2024 Land Law and Decree 71 has shortened the approval process. While it previously took several months to complete a land valuation case, the timeline has now been reduced to under two months.
Despite the progress, about 84 files from 2003 to 2013 remain unresolved due to the lack of approved land pricing mechanisms. HCMC has repeatedly asked the central Government to allow the use of a method based on official land price lists with adjustment coefficients, a practice already applied in other provinces since 2015.
The city has recently sent another report to the prime minister and relevant ministries, seeking approval for this approach.
According to Duong, clearing these 84 backlogged dossiers would unlock land resources equivalent to 84,000 housing units, providing over 300,000 accommodations. This would not only ease years of gridlock but also generate significant revenue, accelerate housing development, attract investment, and improve transparency in land management.
He said resolving pending cases and streamlining valuation procedures are essential for HCMC to maximize land use efficiency and strengthen socio-economic growth.
