Representative from the Department of Agriculture and Environment at the press conference on October 2, 2025
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This information was shared by Mr. Dao Quang Duong, Head of the Land Economy Division at the Department of Agriculture and Environment (DOAE) of Ho Chi Minh City, during a press briefing on socio-economic updates held on October 2, 2025.
Mr. Duong emphasized that new regulations have significantly expedited land price determination, streamlining compensation and land clearance processes. For instance, in the case of the Ho Chi Minh City Ring Road 3 project, the DOAE took just one month to propose a suitable land pricing scheme, which garnered strong public support.
This acceleration has led to the approval of over 70 land pricing plans since the beginning of the year, generating approximately VND 52 trillion in budget revenue. With an additional 70 submissions expected by year-end, the total number of approved plans is projected to surpass 150, potentially raising the revenue to around VND 86 trillion.
The land pricing process has also resolved legal bottlenecks for stalled projects, including Lotte’s development. Mr. Duong noted that after Ho Chi Minh City allocated land to Lotte in October 2022, legal issues arose during the consultancy hiring phase. These complications intensified with the issuance of Decree 12 on land pricing methodologies, effective February 2024, affecting projects nationwide. However, the government’s Decree 71, enacted on August 1, 2024, addressed these challenges, enabling the DOAE to promptly submit Lotte’s project for approval.
Mr. Duong highlighted that Lotte’s project adhered strictly to procedural requirements and was processed swiftly. Regarding the additional 5.4% payment, he clarified that this is a mandatory requirement under the Land Law, applicable to files without finalized land prices, as stipulated in Government Decree 103.
“To date, we have only received feedback from Lotte, with no other cases reported. All other projects have fulfilled their land price payment obligations. The DOAE and relevant agencies have escalated Lotte’s case to central authorities for review,” Mr. Duong stated.
In addition to expediting new cases, the DOAE is addressing 84 long-pending files dating back to the 2003 Land Law, stemming from the transfer of land pricing responsibilities from the finance sector to the natural resources and environment sector.
The primary cause of these delays was the impracticality of gathering pricing data in areas like Binh Chanh, Hoc Mon, and Go Vap during the 2007–2010 period. To resolve this, the DOAE has consistently petitioned higher authorities, including the Ho Chi Minh City People’s Committee, the Prime Minister, and the Ministries of Agriculture and Environment, and Finance.
The proposed solution involves applying Article 257.2 of the 2024 Land Law on transitional provisions, specifically multiplying land price tables by adjustment coefficients, with a suggested 2015 coefficient if earlier data is unavailable. Mr. Duong mentioned that on September 15 and 16, the Ho Chi Minh City People’s Committee submitted two reports to the Prime Minister and the Ministry of Agriculture and Environment regarding this issue.
“Successfully resolving these 84 pending cases, equivalent to approximately 1,000 households or 4,000 individuals, would facilitate the issuance of certificates for 84,000 housing units, accommodating around 300,000 residents,” Mr. Duong added.
Lotte submits notice to terminate the Thu Thiem Eco Smart City project
– 21:51 October 2, 2025
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