On December 11-12, during the 5th Session of the 10th Da Nang City People’s Council, multiple delegates urged the city to refrain from adjusting land price increases at this stage. They cited the significant rise in land prices over recent years, which have already closely aligned with market rates.
Further increases could place substantial pressure on businesses, the investment environment, and the livelihoods of residents.
Delegate Tran Thang Loi noted that the city has repeatedly adjusted land prices, most recently in June, with increases nearly as high as those in Hanoi and Ho Chi Minh City. The 2024 price list sparked reactions from both residents and businesses due to its substantial hikes. He recommended maintaining current prices, only considering adjustments in select border areas to ensure fairness.
Bạch Đằng Street, from Nguyễn Văn Linh to Lê Duẩn, boasts the city’s highest land prices, surpassing 350 million VND/m².
Delegate Vu Quang Hung warned that raising land prices now would be “more harmful than beneficial,” offering only short-term budget gains while potentially diminishing long-term investment appeal. He emphasized that Da Nang is in a critical phase of expanding land for logistics projects, free trade zones, and seaports, necessitating stable and predictable land policies. He advocated against increasing land prices, particularly for production land.
Delegate Nguyễn Thành Tiến addressing the discussion session. Photo: DNRT
Delegate Nguyễn Thành Tiến also deemed the current land price adjustments inappropriate. In 2025, the city implemented two price increases of 10–20%, causing significant market volatility, with some areas surging by 170–180%. Many central districts have reached the 350 million VND/m² threshold, imposing considerable land tax burdens on residents.
According to the draft land price list submitted by the Da Nang People’s Committee for this session, effective January 1, 2026, Bạch Đằng Street will retain the highest prices, nearing 350 million VND/m². Other central streets like Nguyễn Văn Linh, Lý Thái Tổ, and Lê Duẩn also recorded high rates.
At the commune level, Bà Nà is projected to see the largest increase (82%), followed by Hòa Vang and Hòa Tiến. Conversely, the central Hải Châu district will experience the smallest increase, at approximately 5%.
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