In Vietnam, there have been some major new changes in the land
price bracket – one of the most important aspects of real
estate transactions. In this article, ASL LAW will detail the changes
that all citizens own, or plan to own real estate in Vietnam need
to concern about.
Resolution 18/NQ-TW in 2022 issued by the Central Executive
Committee has stipulated the "Abolishment of the land
price bracket, adopt a mechanism and method for determining land
prices according to market principles, and prescribe the functions,
tasks, and responsibilities of the agency in charge of land price
determination. The Central Government shall develop criteria and
procedures for inspecting and supervising localities in formulating
land price lists. Provincial-level People's Councils decide,
inspect and supervise the implementation of land prices,
etc."
