Land pricing must be clear, not allowing "hot" fluctuations

On May 8, at the Government headquarters, Deputy Prime Minister Tran Hong Ha chaired a direct and online conference with 63 localities to collect opinions on the draft Decree regulating compensation, support, and resettlement when the State recovers land; and the draft Decree regulating land prices.

At the conference, the Deputy Prime Minister said that the Prime Minister has issued a document directing ministries and branches to urgently develop detailed guidance documents, ensuring sufficient conditions for the National Assembly to consider and allow the 2024 Land Law to take effect on July 1, 2024 (5 months earlier than before, which was January 1, 2025).

Accordingly, the 2024 Land Law has many new and breakthrough policies and guidelines, so localities, businesses and people expect the law to come into effect soon. In particular, the regulations on compensation, support and resettlement when the State reclaims land are important and sensitive policies to ensure fairness and social security.

People are allowed to participate and benefit in the development process, harmonizing the interests of all parties when implementing the project. Regulations on land prices ensure the principles of objectivity, transparency, and harmonization of land revenue for the State, people, and businesses, preventing "hot" fluctuations in land prices, and balancing input costs for investment projects for socio-economic development.

In response to the opinions at the meeting, the Deputy Prime Minister requested the Ministry of Natural Resources and Environment to continue working with localities, experts, real estate associations... to clarify the theoretical basis, practice, and feasibility in applying new policies and methods on land valuation, ensuring clarity, simplicity, and coherence to protect those working in valuation.

In the work of compensation, support and resettlement, the Deputy Prime Minister requested that policies must be consistent, fair, regulated by the State, not omitting any subjects; promptly institutionalizing regulations and practical experiences that have been proven to be correct and effective.

The Deputy Prime Minister assigned the Ministry of Natural Resources and Environment, the Ministry of Agriculture and Rural Development, and the Ministry of Finance to review and clarify the scope of the decrees guiding the implementation of the 2024 Land Law, in compliance with the assigned authority, without omissions or overlaps. Localities and real estate associations mobilize businesses and independent experts to contribute opinions, criticism, and propose solutions to ensure clear, feasible, and transparent regulations.

Previously, reporting at the conference, Deputy Minister of Natural Resources and Environment Le Minh Ngan said that the issuance of a Decree regulating compensation, support, and resettlement when the State reclaims land to provide detailed guidance on the implementation of a number of articles of the 2024 Land Law is necessary, ensuring that it takes effect at the same time as the effective date of the 2024 Land Law in accordance with the provisions of the Law on Promulgation of Legal Documents. The draft Decree regulating compensation, support, and resettlement when the State reclaims land consists of 3 Chapters and 36 Articles.

In addition, the 2024 Land Law assigns the Government to specify 4 contents: principles, bases, and methods of land valuation; land price list; specific land prices; conditions for practicing land valuation consultancy by valuers or price appraisers.

To implement the regulations, the draft Decree regulating land prices includes 6 Chapters (general provisions; land valuation methods; land price tables; specific land valuation; land price determination consultancy; implementation provisions), 44 Articles.

At the conference, representatives of ministries, branches and localities focused on discussing a number of contents on compensation, support and resettlement for each organization, household and individual; compensation by land with a different purpose of use than the recovered land or by housing; other cases of land compensation and conditions for land compensation; subjects receiving support to stabilize their lives.

Some localities are interested in the content related to the subjects supported in training, career conversion and job search; resettlement arrangements for people who voluntarily donate land use rights to the State to implement transportation, irrigation, technical infrastructure and social infrastructure projects; resettlement arrangements for people whose residential land is recovered in a plot of land with housing and who need to resettle on the spot; subjects who are recorded as having land use fees owed when being allocated resettlement land; costs to ensure the organization of compensation, support and resettlement.

Regarding the draft Decree regulating land prices, some delegates discussed and gave opinions on prioritizing information sources when selecting comparable land plots when applying the comparison method; how to calculate investors' profits when applying the surplus method; applying land valuation methods for transitional cases; selecting organizations to conduct land valuation; procedures and contents of land price list development; procedures and specific contents of land valuation...