Hà Nội Department of Natural Resources and Environment has completed a draft land price framework to be applied from January 1, 2026, which proposes increases in most areas.
Over the past three decades, Việt Nam has witnessed one of the strongest real estate price increases in Southeast Asia. Việt Nam News talks with experts about the underlying causes and possible responses to cool down the overheated market.
To ensure that policies are implemented effectively, fairly, and sustainably, it is urgent to amend and supplement the Land Law, particularly regarding the land valuation mechanism.
Land valuation has been said to be a major bottleneck in Việt Nam''s socio-economic development, said Deputy Prime Minister Trần Hồng Hà during a government meeting on Monday.