Recently, at a meeting to listen to reports and give opinions on the draft Land Law (amended) for the Ministry of Agriculture and Environment to continue to improve and submit to the National Assembly for consideration at the 10th session, Deputy Prime Minister Tran Hong Ha emphasized that the land price list will be used for all policies, harmonizing the interests of people, businesses and the State.
However, the adjustment coefficient needs to have detailed regulations, based on practical data and market principles, to avoid confusion or violations of the law, even "leading many risks to management agencies".
Regarding this content, Professor Dang Hung Vo - former Deputy Minister of Natural Resources and Environment (now the Ministry of Agriculture and Environment) said that each locality can have a different approach in building a land price list, because this price list is regulated by the province.
However, if one province regulates a high land price list and the other province regulates a low level, it will easily lead to unreasonable differences, causing consequences and greatly affecting housing prices.
"Therefore, it is necessary to have management and review from the central level, in which the Ministry of Agriculture and Environment needs to be responsible for reviewing the land price list before the provinces approve it," said Professor Dang Hung Vo.
According to Professor Dang Hung Vo, the principle of building a land price list must still be consistent with the market. However, up to now, Vietnam has not yet had a specific document regulating what is "market price", as well as no clear legal basis for land price determination techniques issued by the State.
"We must clearly understand what a land price list is close to the market price to apply it accurately. If possible, there will be no more virtual price increases like in the past and it needs to be controlled more closely" - Professor Dang Hung Vo commented.
Experts and managers in the real estate sector believe that building a land price list close to market price is an inevitable trend, but there will be direct impacts on many subjects in society.
For real estate businesses, the land price list will increase land use fees, leading to increased compensation and site clearance costs. When the total investment of the project increases, the price of products launched on the market will also increase, which will more or less affect liquidity.
For people, when the land price list increases, people subject to land compensation may benefit from high land prices, but in the opposite direction, people who really want to buy real estate are charged high prices, reducing the opportunity to access real estate.
According to economist Nguyen Quang Huy - Nguyen Trai University, building a land price list close to market price is not simply a technical measure, it is an effort towards fairness, transparency and equality for all members of society. However, this will have a multi-dimensional impact, needing to be listened to and regulated humanely.
