Decree No. 96/2019/ND-CP regulations on land price bracket

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ATTRIBUTE

Decree No. 96/2019/ND-CP dated December 19, 2019 of the Government on land price bracket
Issuing body: GovernmentEffective date:
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Official number:96/2019/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:Updating
Issuing date:19/12/2019Effect status:
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Fields:Land - Housing

SUMMARY

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.
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Effect status: Known

THE GOVERNMENT

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 96/2019/ND-CP

 

Hanoi, December 19, 2019

 

DECREE

On land price brackets[1]

 

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to the November 29, 2013 Land Law;

At the proposal of the Minister of the Natural Resources and Environment,

The Government promulgates the Decree on land price brackets.

 

Article 1. Scope of regulation

This Decree prescribes the price bracket for each type of land in each region as prescribed in Article 113 of the Land Law.

Article 2. Subjects of application

1. Agencies performing the state management of land; and agencies in charge of setting, adjusting and appraising land price brackets and land price tables.

2. Organizations functioned to provide land pricing consultancy and persons practicing land pricing consultancy.

3. Other related organizations and individuals.

Article 3. Land price brackets

1. For agricultural land:

a/ Price bracket for land for cultivation of annual crops, including land for rice cultivation and land for other annual crops - Appendix I;

b/ Price bracket for land for planting of perennial trees - Appendix II;

c/ Price bracket for land for production forests - Appendix III;

d/ Price bracket for land for aquaculture - Appendix IV;

dd/ Price bracket for land for salt production - Appendix V.

2. For non-agricultural land:

a/ Price bracket for residential land in rural areas - Appendix VI;

b/ Price bracket for land for commercial and service purposes in rural areas - Appendix VII;

c/ Price bracket for land for non-agricultural production and business other than land for commercial and service purposes in rural areas - Appendix VIII;

d/ Price bracket for residential land in urban areas - Appendix IX;

dd/ Price bracket for land for commercial and service purposes in urban areas - Appendix X;

e/ Price bracket for land for non-agricultural production and business other than land for commercial and service purposes in urban areas - Appendix XI.

Article 4. Economic regions used as bases for setting land price brackets

Economic regions used as bases for setting land price brackets include:

1. The northern midland and mountainous region, embracing the provinces of Dien Bien, Lai Chau, Son La, Hoa Binh, Ha Giang, Tuyen Quang, Cao Bang, Bac Kan, Lao Cai, Yen Bai, Phu Tho, Lang Son, Thai Nguyen, Bac Giang and Quang Ninh.

2. The Red River delta region, including the provinces and centrally run cities of Vinh Phuc, Bac Ninh, Hanoi, Hai Phong, Hai Duong, Hung Yen, Ha Nam, Nam Dinh, Thai Binh and Ninh Binh.

3. The north central region, comprising Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue provinces.

4. The south central coast region, covering the provinces and centrally run cities of Da Nang, Quang Nam, Quang Ngai, Binh Dinh, Phu Yen, Khanh Hoa, Ninh Thuan and Binh Thuan.

5. The Central Highlands region, comprising Kon Tum, Gia Lai, Dak Nong, Dak Lak and Lam Dong provinces.

6. The southeastern region, including the provinces and centrally run cities of Dong Nai, Binh Duong, Binh Phuoc, Ba Ria-Vung Tau, Tay Ninh and Ho Chi Minh City.

7. The Mekong River delta region, embracing the provinces and centrally-run cities of Long An, Tien Giang, Ben Tre, Dong Thap, Vinh Long, Tra Vinh, Can Tho, Hau Giang, Soc Trang, An Giang, Kien Giang, Bac Lieu and Ca Mau.

Article 5. Application of land price brackets

1. Land price brackets shall be used as bases for People’s Committees of provinces and centrally run cities (below referred to as provincial-level People’s Committees) to set and adjust land price tables in localities.

2. Based on the local reality, a provincial-level People’s Committee may set the maximum land price in the land price table or adjusted land price table which must not be 20% higher than the maximum price of land of the same type in the land price bracket.

3. Based on the local reality, a provincial-level People’s Committee may set the maximum land price in the land price table or adjusted land price table under Point a, Clause 3, Article 11 of the Government’s Decree No. 44/2014/ND-CP of May 15, 2014, on land prices (below referred to as Decree No. 44/2014/ND-CP) which must match the maximum price of land of the same type in the adjusted land price bracket in accordance with Clause 2 of this Article.

Article 6. Implementation responsibility

1. The Ministry of Natural Resources and Environment shall:

a/ Direct, guide and inspect the application of the land price brackets prescribed in this Decree when provincial-level People’s Committees set and adjust land price tables in localities.

b/ Organize the adjustment of land price brackets in accordance with the Land Law and Decree No. 44/2014/ND-CP.

2. The Ministry of Finance shall appraise the setting and adjustment of land price brackets in accordance with law.

3. Other ministries and sectors shall, within the ambit of their assigned functions and tasks, coordinate with the Ministry of Natural Resources and Environment in guiding and inspecting the application of land price brackets.

4. Provincial-level People’s Committees shall, based on the land price brackets prescribed in this Decree, set and promulgate land price tables or adjusted land price tables in localities.

Article 7. Effect

1. This Decree takes effect on the date of its signing.

2. This Decree replaces the Government’s Decree No. 104/2014/ND-CP of November 14, 2014, on land price brackets.

3. Ministers, heads of ministerial-level agencies, heads of government-attached agencies, chairpersons of provincial-level People’s Committees, and related organizations and individuals shall implement this Decree.-

On behalf of the Government
Prime Minister
NGUYEN XUAN PHUC

* The appendices to this Decree are not translated.


[1] Công Báo Nos 1007-1008 (31/12/2019)

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