On the afternoon of September 5 in Hanoi, Deputy Minister of Natural Resources and Environment Le Minh Ngan chaired a working session to inform about the Conference to disseminate Decrees detailing the implementation of the 2024 Land Law.

Mr. Dao Trung Chinh, Director of the Department of Land Resources Planning and Development (Ministry of Natural Resources and Environment) said that Clause 1, Article 257 of the 2024 Land Law stipulates that localities can continue to use the price list issued under the 2013 Land Law until December 31, 2025.

If necessary, the People’s Committees of provinces and cities may decide to adjust the land price list according to the 2024 Land Law, especially in Ho Chi Minh City.

The current land price list is being implemented according to the 2013 Land Law, which requires that it be within the land price framework prescribed by the Government; at the same time, it is adjusted according to the market land price with a margin of 20%, within 6 months. According to regulations, localities build a 5-year price list, multiplying it annually by the adjustment coefficient, but there has been no adjustment, leading to the fact that when the 2024 Land Law is implemented, the land price will not be suitable.

In principle, adjusting the land price list must ensure harmony between land use fees, land rents and compensation when the State reclaims land; harmony between land users and the State. Therefore, Ho Chi Minh City needs to consider to make a specific decision.

According to Deputy Minister of Natural Resources and Environment Le Minh Ngan, Deputy Prime Minister Tran Hong Ha has issued a document assigning the Ministry of Natural Resources and Environment to coordinate with the Ministries of Finance, Justice, and Construction to guide and remove obstacles for Ho Chi Minh City in the process of adjusting the land price list. The joint ministries will discuss and propose an optimal solution, based on a comprehensive and general assessment of the process of issuing the land price list of Ho Chi Minh City in the past, for adjustment.

The adjustment of the land price list according to the provisions of Clause 1, Article 257, Land Law 2024, the order and procedures must comply with the provisions of Decree 71/2024 of the Government regulating land prices and the technical adjustment process must comply with the market principle, the State representing the entire people’s ownership of land decides on land prices. In particular, it is necessary to be responsible for receiving and explaining the opinions of the subjects affected by the land price list so that when submitting the land price list to the People’s Council for decision, it ensures harmony, enhances the effectiveness and efficiency of the State’s management of land prices.