THE LAND PRICE BRACKET IN HA NOI AND HO CHI MINH CITY: MAXIMUM UP TO VND 162 MILLION PER M2
This is the regulation prescribed in the Government’s Decree No. 96/2019/ND-CP on the land price bracket dated December 19, 2019.
Accordingly, the land price bracket is used as a basis for provincial-level People’s Committees to set and adjust local land price tables. The Provincial Committee may raise the land price bracket up to maximum price as prescribed in the land price bracket table or the adjusted land price bracket table with the raising price does not exceed 20% of the maximum price of the same land type in the price bracket.
The Red River delta region, comprising provinces and centrally run cities of: Vinh Phuc, Bac Ninh, Ha Noi, Hai Phong, Hai Duong, Hung Yen, Ha Nam, Nam Dinh, Thai Binh and Ninh Binh. The Southeastern region, comprising provinces and centrally run cities of: Dong Nai, Binh Duong, Binh Phuoc, Ba Ria-Vung Tau and Tay Ninh provinces and Ho Chi Minh City.
To be specific, the land price bracket in the Red River Delta Region and Southeastern Region for type I to type V urban areas shall fluctuate from VND 120,000 per m2 to maximum of VND 76 million per m2. Especially, the land price bracket in Hanoi and Ho Chi Minh City shall has the minimum of VND 1.5 million per m2 to the maximum of VND 162 million per m2. The lowest land price bracket shall be type V urban area with the minimum price of VND 40,000 per m2.
This Decree takes effect on the signing date.
