Mr. Bùi Minh Thạnh, Vice Chairman of the Ho Chi Minh City People’s Committee and Chairman of the Ho Chi Minh City Land Price Council, has signed Report No. 315 on the first appraisal of the land price list, effective from January 1, 2026.
Accordingly, the Ho Chi Minh City Land Price Council agreed with the proposal of the Department of Agriculture and Environment of Ho Chi Minh City in Document No. 14477 and Official Letter No. 15055 regarding the appraisal of the first land price list and its application from January 1, 2026.
The Ho Chi Minh City Land Price Council assigned the Department of Agriculture and Environment to finalize the draft land price list based on legal regulations, feedback from council members, and local authorities. The department is to complete all necessary procedures and report to the Ho Chi Minh City People’s Committee for submission to the People’s Council for approval.
The report also acknowledges various contributions and feedback from organizations, departments, and experts, which have been addressed and incorporated by the Department of Agriculture and Environment into the draft.
The Ho Chi Minh City Land Price Council ensures that the land price list is developed following market principles, adhering to legal methods, procedures, and transparency. It aims to balance the interests of the state, land users, and investors while maintaining objectivity and independence in the valuation process.
The Department of Agriculture and Environment collects land price data from market transactions and local authorities to propose accurate land prices for residential areas.
For residential land, the department gathers data from market transactions and local authorities, considering Ho Chi Minh City’s socio-economic conditions to propose appropriate land prices for each ward and district. They also review and adjust prices for areas with overlapping boundaries and roads.
Regarding commercial and service land, the department, in Document No. 14477, proposes land prices based on the economic development of each area, ensuring fairness and accuracy.
For non-agricultural production and business land, the department evaluates local economic conditions to suggest suitable land prices, considering specific land use types with low construction density and utilization rates.
For agricultural land, the department proposes prices based on regional economic development, ensuring no impact on state land reclamation. Compensation for reclaimed land will be based on market prices. The department also maintains current rates for high-tech agricultural zones.
During a recent meeting, the Land Price Council requested the department to refine income-based methods for agricultural land valuation, ensuring compliance with regulations.
In Official Letter No. 15055, the department explained that income-based methods are not applied to agricultural land due to low farming income in many areas, except for designated agricultural zones. The council agreed with this explanation.
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