The Ministry of Finance has proposed reductions of land rental fees by up to 30 per cent in 2024 which will help businesses to save around VNĐ4 trillion (US$162.57 million).
The beneficiary entities include organisations, units, businesses, households, and individuals who are directly leased land by the state according to decisions, contracts or certificates of land use rights and of ownership rights to residential houses and other assets attached to...
Tardy collection of land-use fees from property developers in HCM City has affected the government’s revenues and d many obstacles for them in turn, a forum heard on Thursday.
Deputy Prime Minister Truong Hoa Binh has ordered an inspection into HCM City authorities’ leasing of 82.5ha of land to Malaysian property developer Gamuda Land Joint Stock Company without collecting land-use fees.
The HCM City real estate market is facing several problems like multiple agencies having overlapping functions and other administrative bottlenecks, high land-use fees and suspension of all build-transfer projects.
The Finance Ministry has proposed increasing land rental rates as part
of a draft decree on land rental, water surface rental and land use fees
that will likely be submitted to the Prime Minister next month.