VietnameseDecree No. 226/2025/ND-CP, taking effect on August 15, 2025, amends and supplements some articles of Decree No. 71/2024/ND-CP on land valuation.
Decree No. 226/2025/ND-CP revises and supplements the land valuation methods prescribed in Decree No. 71/2024/ND-CP, including:
The comparison method (Article 4);
The income method (Article 5);
The residual method (Article 6);
The land price adjustment coefficient method (Article 7).
For instance, the order and contents for determining land prices under the comparison method provided in Article 4 of Decree No. 71/2024/ND-CP have been amended and supplemented by Decree No. 226/2025/ND-CP as follows:
To amend and supplement Points a and b, Clause 2:
Input information for land valuation consists of land prices from completed market transactions, and land prices from successful auctions of land use rights after fulfillment of financial obligations as provided at Points a, b, and c, Clause 3, Article 158 of the 2024 Land Law.
Information under Point a, Clause 2 shall be obtained from the following sources: the national land database, the national price database, land registration offices, tax authorities, entities and organizations conducting land use rights auctions or asset auctions; real estate trading floors and real estate enterprises; and information collected through surveys and investigations.
Based on the collected information, a general average land price level shall be determined; this general average land price level is the arithmetic mean of the collected land prices. The land valuation organization shall select land price information, giving priority to that closest to the general average level.
To amend and supplement Clause 3:
The selection of information on comparable land lots shall follow the order of priority below:
- The nearest distance to the land lot or land area to be valued, without limitation by the administrative boundaries of commune-level units within the provincial-level administrative area. In case the scope of information collection is extended beyond the provincial-level administrative area, the land valuation organization must provide specific justification in the Explanatory Report on the formulation of the land price plan for consideration and decision by the Land Valuation Appraisal Council.
- A certain similarity in factors affecting land prices.
- The closest proximity in time to the valuation date.
Where multiple sources of information arise at the same time, priority shall be given in the following order: the national land database, the national price database, land registration offices, tax authorities, entities conducting auctions of land use rights or assets, real estate trading floors, and real estate enterprises.
Information collected through surveys and investigations, where the information was generated before August 1, 2024, it may be selected in conformity with the actual land price situation in the locality, without being subject to the priority order specified at Point c, Clause 3.
