Prime Minister directs 2 ministries to handle the huge gap between land price framework and market price

PHẠM ĐÔNG |

The huge difference between land price framework and market price has affected people and businesses, causing difficulties in converting land use purposes.

On September 2, the Government Office announced that it had just issued Document No. 8160/VPCP-NN conveying the direction of Prime Minister Pham Minh Chinh to handle press and public information about financial obligations when changing land use purposes that are too high, affecting livelihoods.

Previously, the Government Electronic Information Portal reported on information, press and public opinion related to the direction and operation of No. 768/2025/TTDT dated August 21, 2025, including information reflecting on financial obligations when changing land use purposes that are too high, affecting livelihoods.

According to the reflection, many opinions say that it will take resources and time to build an annual land price list and issue it for application from January 1 of the year.

Associate Professor, Dr. Nguyen Dinh Tho - Deputy Director of the Institute of Strategy and Policy on Agriculture and Environment (Ministry of Agriculture and Rural Development) - said that land prices according to the price list often have a large difference compared to market prices, leading to inadequacies in compensation calculation and investment attraction.

Therefore, the Ministry of Finance needs to determine a suitable coefficient to calculate the financial obligations of the people. The huge difference between land price and market price has directly affected people and businesses.

In fact, in recent times, in Hanoi and Ho Chi Minh City, many households have had difficulty converting land use purposes, because financial obligations calculated according to the land price list are too high.

This also puts pressure on production and business costs, affecting livelihoods and the investment environment. Therefore, special attention should be paid to land finance policies, ensuring that people's financial obligations are at a reasonable level, and at the same time, there should be a mechanism to support businesses.

Regarding the above information, Prime Minister Pham Minh Chinh assigned the Ministry of Finance to preside over and coordinate with the Ministry of Agriculture and Environment and relevant agencies to study and propose solutions to use the land price adjustment coefficient to collect appropriate and feasible land use fees, and report to the Prime Minister before September 10, 2025.

PHẠM ĐÔNG
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