Mr. Bui Xuan Cuong, Vice Chairman of the Ho Chi Minh City People’s Committee, has reported to the municipal People’s Council on the progress and contents related to the amendment and supplementation of Decision No. 02/2020/QD-UBND (dated January 16, 2020) of the Ho Chi Minh City People’s Committee on land price tables.
According to the report, the Ho Chi Minh City People’s Committee affirmed the necessity to issue an adjusted land price table to be applied during the transitional period until December 31, 2025, as stipulated in Article 257, Clause 1 of the 2024 Land Law. This move has received the consensus of the Municipal Party Committee Standing Board on August 31.
In addition, at a meeting chaired by the Ministry of Natural Resources and Environment on September 10, with the participation of the National Assembly’s Economic Committee and relevant ministries and sectors, such as the Ministry of Finance, Ministry of Justice, Ministry of Construction, and Ministry of Planning and Investment, the Ho Chi Minh City People’s Committee also reaffirmed the urgency of issuing the adjusted land price table.
Ho Chi Minh City People’s Committee will issue the adjusted land price table before October 15. (Illustrative image)
According to the Ho Chi Minh City People’s Committee, the process of building the new land price table complies with the proper order and procedure for issuing legal documents. The steps of making proposals, drafting, consulting, and appraising the draft decision to replace Decision 02 have been fully implemented. The Department of Natural Resources and Environment has incorporated the contributions from related parties into the final draft.
It is expected that by September 30, the Department of Natural Resources and Environment will complete the dossier to submit to the Ho Chi Minh City Land Price Appraisal Council.
Before October 10, the Appraisal Council will organize a meeting to officially appraise the draft decision.
If all goes according to plan, before October 15, the City People’s Committee will issue a decision to amend and supplement Decision No. 02/2020/QD-UBND on the adjusted land price table.
According to the Ho Chi Minh City People’s Committee, the land price table under the 2013 Land Law in the city was issued under Decision 02/2020/QD-UBND dated January 16, 2020, of the City People’s Committee, which is limited by the frame of land prices issued by the Government under Decree No. 96/2019/ND-CP, with a maximum price of only VND 162 million/sq.m.
Therefore, the price table under Decision 02/2020/QD-UBND had to inherit the land price in 2014, issued together with Decision No. 51/2014/QD-UBND dated December 31, 2014, of the City People’s Committee. Thus, the land price table in the city has been issued for 10 years without adjustments to match the practical land price situation.
Moreover, in the city, there are many public investment projects with compensation, support, and resettlement components. In the past five years, the People’s Committees at all levels have approved many specific land price schemes to calculate compensation for land recovery and land use fees at resettlement areas for those who are compensated for residential land and those who are allocated residential land in resettlement areas but do not meet the conditions for land compensation.
However, the land price table issued under Decision No. 02/2020/QD-UBND of the Ho Chi Minh City People’s Committee has not yet updated and supplemented the resettlement land price and the approved specific land prices up to now.
Therefore, if the current land price table continues to be used until December 31, 2025, there will be a lack of land prices in the land price table as a basis for calculating land use fees for those who are arranged for resettlement in the city.
In addition, the 2024 Land Law does not stipulate the application of the method of applying the land price adjustment coefficient to determine the specific land price for land plots with a value of less than VND 30 billion according to the land price table as in the 2013 Land Law and Clause 18, Article 44 of the Government’s Decree No. 44/2014/ND-CP.
According to Point d, Clause 6, Article 158 of the 2024 Land Law, this method of applying the land price adjustment coefficient is only “applied to determine the specific price to calculate compensation for land recovery in cases where many adjacent land plots are recovered, with the same land use purpose and have land prices prescribed in the land price table but do not meet the conditions for application.” the comparative method.”
From there, the Ho Chi Minh City People’s Committee believes that it is necessary to adjust the land price table in the city, which was issued under Decision No. 02/2020/QD-UBND dated January 16, 2020, of the City People’s Committee.
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