Real estate 24h: A series of projects in Da Nang are launched, be careful with land fever

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A series of large projects Da Nang has launched, cautiously feeding for land; Bac Ninh reclaims land assigned to the Yen Phong Construction Project Management Board... is notable news.

Bac Ninh reclaims more than 30,000m2 of land assigned to the Yen Phong construction project management board

The People's Committee of Bac Ninh province has just issued an official dispatch on the recovery of land assigned to the Yen Phong District Construction Project Management Board (now the Yen Phong Construction Project Management Board).

The decision clearly states that the Provincial People's Committee has assigned the Land Use Right Board to Yen Phong Construction Project Management Board under Decision No. 272/QD-UBND dated April 8, 2025 and assigned the above-mentioned land to the Branch of the Tien Phong Land Fund Development Center to manage and exploit the Dong Thon Village Residential Area project, Yen Phong Commune, Bac Ninh Province.

Moi gioi dan khach di xem dat tai mot du an nha o tai Yen Phong (Bac Ninh). Anh: Van Truong
Brokers take visitors to see land at a housing project in Yen Phong (Bac Ninh). Photo: Van Truong

Land use purpose: Land for residential use: Land for use in 12,015.0m2; Green land for 4,180.8m2; Sports land for use in 1,427.1m2; Parking land for parking 2,371.1m2; Traffic land for use in 9,043.8m2; Infrastructure and technical land for use in 2,105.0m2.

The Tien Phong Land Fund Development Center Branch is responsible for implementing the contents specified in Point a, Point b, Point d, Clause 1 and Point a, Clause 3, Article 229 of the 2024 Land Law.

The Department of Agriculture and Environment is responsible for implementing the contents of Point c, Clause 1 and Clause 6, Article 229 of the 2024 Land Law. See more...

A series of large projects are launched, cautious Da Nang land prices are feverish

Infrastructure planning along with the implementation of a series of large projects has made the land segment in the city attract attention.

Since the beginning of 2025, Da Nang City has simultaneously implemented outstanding projects and infrastructure such as the First Free Trade Zone (FTZ) Project in Vietnam, International Financial Center (RFC) to transport infrastructure projects such as seaports, coastal roads, international airports... attracting many real estate investors.

Quy dat nen ven song Han (TP Da Nang) thu hut nha dau tu. Anh: Thu Giang
Land fund along the Han River (Da Nang City) attracts investors. Photo: Thu Giang

Notably, the acceleration from infrastructure has caused the land segment in Da Nang City to continuously increase.

According to a survey by Lao Dong, many plots of land in Hoa Xuan ward are receiving special attention from investors. Notably, the price of an 8m wide road plot is being advertised by people at 55-60 million VND/m2, an increase of 20-30% compared to 2024.

In Ngu Hanh Son ward, land prices are fluctuating around 40-65 million VND/m2, even land plots in prime locations have appeared with prices of 200-225 million VND/m2, an increase of more than 20% compared to mid-2024. See more...

The Ministry of Agriculture and Environment points out shortcomings in land compensation

Assessing 1 year of implementing the 2024 Land Law and the orientation for amending the Land Law, the Ministry of Agriculture and Environment said that land acquisition, compensation, support, and resettlement revealed some shortcomings.

According to the Ministry of Agriculture and Environment, the 2024 Land Law has more specifically regulated cases of land recovery for socio-economic development for national and public interests.

Luat Dat dai 2024 da boc lo mot so han che quy dinh boi thuong dat. Anh: Cao Nguyen
The 2024 Land Law has revealed some limitations in land compensation regulations. Photo: Cao Nguyen

Although there has been an expansion of land acquisition subjects compared to the scope of land acquisition of the 2013 Land Law, there are still certain limitations as follows:

There is still a distinction between projects using public investment capital and projects using investment capital, which does not ensure equality in land access among economic sectors.

There are no regulations on land recovery for land allocation and lease to serve projects with specific requirements for investment locations, especially projects with foreign investment capital subject to investment incentives and incentives.

In practice, there have been urban renovation and reconstruction projects combined with multiple targets, projects in free trade zones, international financial centers, logistics projects, etc. These projects use large areas, projects with driving forces to promote local socio-economic development, contributing large revenues to the state budget from land use fees, land rent, taxes from added values, creating many jobs for local workers, promoting the development of ancillary business services in the project area but there are no regulations on the State reclaiming land, causing difficulties for project implementation. See more...

Solutions to help remove bottlenecks in land acquisition and site clearance

The new proposal avoids the situation of projects being stuck when reclaiming land just because of a few households.
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