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Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, Chairs the Council for Appraisal of Land Prices in Ho Chi Minh City
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Accordingly, Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, will serve as the Chairman of the Council, with Vice Chairman of the Committee, Bui Xuan Cuong, and Director of the Ho Chi Minh City Department of Finance, Nguyen Hoang Hai, as Vice Chairmen. The Council comprises 27 leaders from various departments, local authorities, and management boards.
The Council will use the seal of the Ho Chi Minh City People’s Committee for its operations. The Chairman of the Council will decide on the establishment of a support team to assist the Council in its work.
During the process of appraising land prices, the Council will invite the Ho Chi Minh City Vietnam Fatherland Front Committee and the Ho Chi Minh City Farmers’ Union to participate in critiquing and providing feedback at the Council’s meetings.
This decision takes effect from the date of signing and supersedes Decision No. 4695 of the City People’s Committee from 2023, regarding the improvement of the Council for Appraisal of Land Prices in the city.
The Council will disband upon the completion of its task and will submit a report to the Ho Chi Minh City People’s Committee.
Earlier, in late July 2024, the Ho Chi Minh City Department of Natural Resources and Environment released a draft regulation on land prices in the city, which was expected to be applied from August 1 to December 31, 2024. Subsequently, an evaluation of its socio-economic impact would be conducted, followed by adjustments to the land price framework to be implemented from 2025 onwards.
However, the proposed new land price framework was deemed unsuitable for the current market conditions. Land prices in many areas of the city, particularly in Hoc Mon, Cu Chi, and Binh Chanh districts, have increased significantly compared to the existing land price framework (applied since 2020), with some areas seeing a rise of up to 51 times the previous price.
In recent days, the Department of Natural Resources and Environment, the Ho Chi Minh City Vietnam Fatherland Front Committee, and the Ho Chi Minh City People’s Council have held press conferences, critiques, and consultations to gather diverse opinions on the new land price draft.
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