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land tax
Expected reduction of about 4,000 billion VND in land rent in 2024
100% of the members of the National Assembly Standing Committee present agreed in principle to reduce land rent in 2024, which is the basis for the Government to issue a decree to reduce land rent in 2024.
Expensive rent, businesses want to own offices
The trend of many business owners looking to buy offices in the city center is increasing rapidly in the context of increasingly expensive building floor rents.
Land allocated and leased for 50 years may be revoked
Land allocated or leased for a term of 50 years for specific purposes such as agricultural production, forestry, etc. may be revoked to serve development projects or due to land violations.
Proposal for proposed city in Hanoi to be exempted from land rent for 50 years
Hanoi proposes to exempt land rent for up to 50 years for socialized investment projects implemented in the following areas: Lang Hoa Lac High-Tech Park, Dong Anh, Me Linh, and Soc Son districts.
Hanoi apartment rental prices are among the most expensive in Asia
Hanoians spend an average of VND18 million ($750) to rent a two-bedroom apartment, more expensive than Kuala Lumpur, Jakarta or Mumbai, according to Global Property Guide.
Ministry of Finance proposes a series of policies to exempt and reduce land use fees and land rents.
The Ministry of Finance is seeking comments on the draft Decree regulating cases of exemption and reduction of land use and land rent fees to specify the 2024 Land Law and resolve problems with current regulations.
Proposal to exempt and reduce land rent for agricultural projects
The Ministry of Finance proposed exempting and reducing land rent for 5-15 years to encourage businesses to invest in agricultural and rural projects.
Checking the capacity of 5 investors in residential area projects, urban areas, and land lease projects outside industrial parks
Hai Duong Provincial People's Committee has decided to establish two inspection teams to assess the capacity of a number of investors and project owners of residential and urban area projects, and land lease projects outside industrial parks.
Ministry of Finance continues to propose exemption of agricultural land use tax
The Ministry of Finance proposed that the Government submit to the National Assembly a resolution to extend the agricultural land use tax exemption period for another 5 years, until the end of 2030.
Industrial land rental prices in the North are nearly 30% lower than in the South.
Industrial land rental prices in the North average $132 per square meter, 28% lower than in the South, creating an advantage in attracting high-value industries, according to Savills.
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