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How to Reduce Land Use Charges When Changing the Purpose to Residential?

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The current land use charges, post-change in purpose, are calculated at 100% of the priced land rate, resulting in exorbitant fees for citizens. For instance, a 400 sq. m plot in the former Vinh City, Nghe An Province, incurs a fee of VND 4.5 billion, while a 208 sq. meter plot in Hoc Mon District, the former Ho Chi Minh City, costs VND 1.7 billion. Similarly, a 400 sq. meter plot in District 7 of the old Ho Chi Minh City will cost a staggering VND 14 billion. These charges are incredibly burdensome for landowners.

How to Reduce Land Use Charges When Changing the Purpose to Residential?

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The current land use charges, post-change in purpose, are calculated at 100% of the priced land rate, resulting in exorbitant costs for citizens. For instance, a 400 sq. m plot in the former Vinh City, Nghe An Province, incurs a fee of VND 4.5 billion, while a 208 sq. meter plot in Hoc Mon District, the former Ho Chi Minh City, costs VND 1.7 billion. Similarly, a 400 sq. meter plot in District 7 of the old Ho Chi Minh City will cost a staggering VND 14 billion. These charges are incredibly burdensome for landowners and can hinder development and investment.

“Hodeco Scraps Plan to Pay 2024 Dividends in Stock”

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Hodeco plans to hold an extraordinary general meeting on September 30, 2025, where it will propose to shareholders the cancellation of its plan to issue shares as a dividend for the fiscal year 2024.