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Vietnam acquires, supplements and amends new regulations on land valuation methods

The draft Decree amending and supplementing a number of articles of Decree No. 44/2014/ND-CP on land prices has received, supplemented and revised regulations on methods of comparison, income and adjustment. 

On August 17, 2023, Deputy Minister of Natural Resources and Environment Le Minh Ngan worked with ministries, sectors and experts on finalizing the Draft Decree amending and supplementing a number of articles of Decree 44/2014. /ND-CP on real estate prices.

vietnam acquires

Reporting at the meeting, Mr. Doan Ngoc Phuong, Deputy Director of the Department of Land Resources Planning and Development, said that the Ministry of Natural Resources and Environment has focused on studying, absorbing and completing the draft Decree amending the Decree No. , supplementing a number of articles of Decree No. 44/2014/ND-CP.

Specifically, about the comparison method, clearly understood and supplemented the concept to cover when integrating the subtraction method into the comparison method.

Regarding the income method, the average savings deposit interest rate has been received and adjusted “at the commercial bank owned by the State with more than 50% of the charter capital with the lowest deposit interest rate in the province. ” to “in commercial banks where the State owns more than 50% of charter capital in the province” in Clause 2, Article 4 of the draft Decree.

Regarding the conditions for applying the surplus method, the conditions for applying the surplus method have been adopted and modified in the direction: “The surplus method is applied to determine the value of land plots and land areas with development potential. due to change of land use purpose or change of planning when the total development revenue and total development costs are determined…” in Clause 3, Article 5 of the draft Decree.

For information sources to apply the land valuation method, the collection of information from the national database on land and the national database on prices when applying the comparative method has been absorbed and supplemented. comparison, residual method and construction of price adjustment for apartment for sale in Hanoi. Additional sources of information for land for rent, apartment for rent, etc.


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