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ARTICLE · 17 MARCH 2011

Decree Adjusting Land Use Fees

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On 30 December 2010, the Vietnamese Government issued Decree No. 120/2010/ND-CP (Decree 120) to amend a number of articles of Decree No. 198/2004/ND-CP on collection of land use fees (Decree 198).

VietnamReal Estate and Construction
Dao Nguyen
Dao Nguyen
Thinh Phu Dan
Thinh Phu Dan
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Originally published March 15, 2011

Keywords: land use fees, Vietnam, Decree 198, Decree 120

On 30 December 2010, the Vietnamese Government issued Decree No. 120/2010/ND-CP (Decree 120) to amend a number of articles of Decree No. 198/2004/ND-CP on collection of land use fees (Decree 198).

The salient provisions of Decree 120 are presented below.

Recording land use fees as a debt

Under Decree 120, households and individuals that are allocated land by the State for resettlement but cannot afford to promptly pay land use fees may have such unpaid amounts recorded as a debt owed to the State in their land use right certificates. They will have to pay these debts within five years on an amortisation basis. In cases where payment is made after the term, these land users must pay land use fees in accordance with the price computed at the time of payment.

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