Deputy Prime Minister proposes land price list every 5 years and adjustment according to market

(NLDO) - Deputy Prime Minister Tran Hong Ha agrees with the view that it is necessary to maintain the land price list every five years, with an adjustment coefficient according to market fluctuations.

On the afternoon of September 10, Deputy Prime Minister Tran Hong Ha chaired a meeting to listen to a report on receiving comments from Government members on the Draft Law amending and supplementing a number of articles of the 2024 Land Law (Draft Law).

Deputy Prime Minister Tran Hong Ha chaired a meeting on the draft revised Land Law. Photo: VGP

Reporting at the meeting, Acting Minister of Agriculture and Environment Tran Duc Thang said that the Draft Law has made major adjustments to the following contents: Commune-level land use plans; supplementing cases where the State reclaims land for socio-economic development for national and public interests, or cases where land is used to implement projects through agreements on receiving land use rights; calculating infrastructure construction costs into land prices, authority to decide on land price lists and amend and supplement land price lists, etc.

Notably, regarding the land price list, delegates agreed to maintain the 5-year cycle, while adding an annual adjustment mechanism using a coefficient, or rebuilding a new price list if there are large fluctuations, to closely reflect reality, reduce overlap, and save resources.

Concluding the meeting, Deputy Prime Minister Tran Hong Ha emphasized the need to complete the Draft Law on Land (amended) in a strict and transparent manner, while creating favorable conditions for management and practical implementation.

Land price list and factors determining consistency in long-term land valuation

Regarding land price determination, the Deputy Prime Minister agreed with the view that it is necessary to maintain a land price list every five years, with an adjustment coefficient according to market fluctuations. This coefficient must have a clear determination method, a specific legal basis and a fluctuation threshold for adjustment.

In the long term, it is necessary to move towards a unified land price based on land data, but in the short term, price tables and coefficients must still be applied.

The Deputy Prime Minister requested a clear distinction between land acquisition for project implementation through agreements on receiving land use rights under civil law and the State's mechanism of land acquisition according to separate policies.

For projects subject to State repossession but the investor has reached an agreement with the majority of households (70-80%), it is possible to consider allowing them to continue according to the agreement mechanism between the investor and the people, instead of forcing the State to take over the repossession, on the condition that it does not violate Resolution No. 18-NQ/TW.

"The regulation of new land groups needs to be selective, avoiding widespread listing that causes overlap. The policy of land use fee exemption and reduction should be supplemented in the fields of education , health, and infrastructure; at the same time, open more mechanisms for the Prime Minister to decide on special cases and report to the National Assembly Standing Committee" - the Deputy Prime Minister noted.

Source: https://nld.com.vn/pho-thu-tuong-ap-dung-bang-gia-dat-5-nam-mot-lan-kem-he-so-bien-dong-thi-truong-196250910193142114.htm