Proposed Land Price Adjustments in Hai Phong City
The Department of Agriculture and Environment of Hai Phong City has unveiled a new draft land price schedule, set to take effect from January 1, 2026, across the entire region. This updated draft aligns with the 2024 Land Law, eliminating the land price framework to ensure market-aligned valuation principles.
The highest proposed rate reaches 160 million VND per square meter, applicable to central thoroughfares such as Quang Trung (Hong Bang Ward), Cau Dat (Gia Vien Ward), Lach Tray (from Thanh Doi Intersection to Lach Tray Overpass), To Hieu (from Cau Dat to An Duong Intersection), and Nguyen Duc Canh (from Cau Dat to Tran Nguyen Han Intersection and from Tran Nguyen Han Intersection to 233 Nguyen Duc Canh Alley).
Other high-value streets include Dien Bien Phu (from Tran Hung Dao Intersection to Gia Vien Ward’s Six-Way Junction) at 150 million VND per square meter, Hai Ba Trung (from Cau Dat to Tran Nguyen Han Intersection) and Ho Sen – Cau Rao 2 (from To Hieu to Nguyen Van Linh) at 130 million VND per square meter. Streets like Da Nang (from Da Nang Six-Way Junction to May To Six-Way Junction), Nguyen Duc Canh (235 Lan Be Street), and Tran Nguyen Han (from An Duong Intersection to Hoang Minh Thao) are proposed at 100 million VND per square meter.
Following adjustments, Hai Phong will have 20 streets priced between 100 and 150 million VND per square meter, including 18 in East Hai Phong and 2 in West Hai Phong.
Previously, West Hai Phong had nearly 100 streets priced between 50 and 100 million VND per square meter. Post-adjustment, fewer than half retain this pricing tier.
In West Hai Phong, areas like Tran Hung Dao, Nguyen Trai, Tran Nhan Tong, Tran Lieu, and Nhi Chieu Wards exhibit significantly lower urban land prices, ranging from 3 to 7 million VND per square meter. Some zones, such as Thanh Mai, Dong Chau, and Ho Giai residential areas, propose rates as low as 1.2 to 1.7 million VND per square meter.
Authorities note a substantial price disparity between West and East Hai Phong post-merger. Lower-priced areas face investment and development constraints, impacting the business environment. Higher-priced zones burden residents with financial obligations during land-use conversions.
To foster social consensus, Hai Phong is adjusting land prices to minimize regional disparities post-merger. Consequently, prices in certain Hai Duong City areas (now West Hai Phong Urban Area) will decrease, while East Hai Phong prices will rise.
Haiphong: Proposed Land Price List Shows Up to 100-Fold Disparity Across Regions
According to the newly drafted land price table expected to be implemented in Hai Phong from 2026, urban land prices could reach up to 160 million VND per square meter, while many areas in the West are priced at only 1.2 million VND per square meter, creating a disparity of hundreds of times.
Alert for Land Certificate Applicants: Potential Surge in Taxes and Fees
This is what the public needs to be aware of.
Implementing New Land Price List Effective January 1, 2026: Preventing Adverse Effects
The newly released land price list, effective from January 1, 2026, is expected to closely reflect market values. However, it has raised concerns among experts, who fear it may significantly increase investment costs, drive up selling prices, and potentially limit access to housing for the general public.
Essential Insights on Land Reclamation and Compulsory Land Acquisition
Land reclamation through compulsory acquisition has been and is currently taking place in several localities. Our legal experts are here to address any questions or concerns you may have regarding this complex issue.
Unveiling the Remarkable Figures Behind Vingroup’s $14 Billion Mega Project in the City of Red Phoenix
Unveiling a monumental $14.2 billion project, Vingroup spearheads with a $2.13 billion investment, complemented by $12.06 billion in mobilized capital. Spanning an expansive 4,319 hectares, this visionary initiative sets a new benchmark in scale and ambition.
