Ho Chi Minh City Chairman Addresses New Land Price List: ‘Easing the Burden on Citizens’

During the 7th Session (specialized session) of the Ho Chi Minh City People’s Council, Term X, delegates expressed significant interest in the topics presented, particularly the land price list for the city effective from January 1, 2026.

Relaying constituents’ concerns, Delegate Tran Quang Thang noted that citizens have raised numerous questions comparing the new land price list to the current one and its potential impact on real estate transactions and related financial obligations.

Addressing these concerns, Chairman of the Ho Chi Minh City People’s Committee, Nguyen Van Duoc, emphasized that the land price list is a critical and far-reaching issue affecting everyone and influencing various matters. Additionally, according to legal regulations, the city must announce the land price list by January 1, 2026, to serve as a basis for citizens to fulfill their financial obligations and protect their legal rights.

According to Mr. Nguyen Van Duoc, the city’s leadership faced considerable deliberation during the development of this land price list. Previously, several businesses, scientists, and managers had met to discuss and express concerns, aiming to balance the interests of “three parties”: citizens, businesses, and the state. “If the list favors any one party, it could create an undercurrent, which would be detrimental to our city,” Mr. Duoc stated. He emphasized that the list must gain consensus from both citizens and businesses. Therefore, the People’s Committee, the People’s Council, and relevant departments have thoroughly discussed the list before today’s approval to ensure harmony among the “three parties.” He believes that those who create and approve the new land price list are accountable to the people and the Party.

The city’s leader also affirmed that the leadership’s stance is to ensure a balance of interests among the “three parties” while maintaining stability, except in areas with sudden price spikes due to new infrastructure investments, planning, or emerging facilities. Special attention is given to projects and planning factors in these areas.

Furthermore, the new land price list aims to address previous limitations, particularly in border areas between localities and agricultural land interspersed within urban areas. Another crucial factor is ensuring consistency across the three merged regions.

Mr. Duoc also highlighted that this land price list is more “citizen-centric.” It considers lower obligations for citizens toward the state, benefiting them more.

Additionally, the list introduces a coefficient system. During compensation, the land price is multiplied by this coefficient to align closely with market rates. Each project will conduct surveys and have an appraisal board to determine specific prices for each plot, square meter, and land type, ensuring market alignment and preventing citizen disadvantages.

Mr. Duoc mentioned that the city hired an experienced consulting firm to develop the new land price list, adhering to the aforementioned principles.

“While this list cannot be perfect and will evolve over time, it is meticulously crafted to be considerate of the people’s capacity, avoiding undue burden. It also ensures a harmonious balance between state and business interests,” Mr. Duoc concluded.