return icon

What will land cost in HCM City in 2022?

If HCM City increases the land price coefficient too sharply and makes it closer to the market price, this will cause difficulties for land users and affect social welfare, analysts say.



HCM City People’s Committee Office has provided an analysis to HCM City Vice Mayor Le Hoa Binh related to the adjustment of the land price coefficient which will determine land prices in the city in 2022.

Binh agreed with the proposal by the Departments of Finance and Natural Resources and the Environment on the content related to the land coefficient.

The Covid-19 pandemic has affected socio-economic development, directly affecting businesses, households, and individuals using land; therefore, the increase of land coefficient in some certain localities, if it is made, would be unfair to land users, which may lead to complaints.

After collecting opinions from branches and localities, the two departments proposed that the 2021 land coefficient be applied to 2022 as well. The municipal authorities have given the thumbs up to the proposal.

The People’s Committee has assigned the departments to prepare documents to submit to the city’s People’s Council on keeping the land coefficient unchanged in 2022.

Prior to that, in a statement dated November 12, 2021, the two departments suggested two options.

Option 1, keep the land coefficient unchanged. Option 2, increase the coefficient by 0.5 percent compared with 2021. Twenty one agencies chose Option 1.

Meanwhile, the HCM City Taxation Agency proposed increasing the coefficient in some areas where there have been many transactions and fluctuations, but the land prices set by local authorities are still much lower than market prices so as to ensure the valuation principle as stipulated by Land Law.

The areas mentioned by the taxation agency include five suburban districts of Binh Chanh, Cu Chi, Nha Be, Hoc Mon and Can Gio.

The Departments of Finance and Natural Resources and the Environment said that the land prices set by local authorities need to be consistent to the market prices.

However, a high coefficient would lead to land price escalation and is not suitable to the current conditions.

The land coefficient is set by provincial people’s committees, and is used to calculate land prices. The coefficient is reconsidered once a year, depending on local development. HCM City is divided into five zones that apply different land coefficients. Zone 1 includes districts 1, 3, 4, 5, 10, 11, Tan Binh and Phu Nhuan. Zone 2 includes Thu Duc City and districts 6, 7, Go Vap, Binh Thanh and Tan Phu. Zone 3 includes districts 8, 12, Binh Tan. Zone 4 includes districts Binh Chanh, Cu Chi, Nha Be, Hoc Mon, while Can Gio belongs to Zone 5. 

Anh Phuong

Land prices up in Hanoi, down in HCMC and neighboring provinces: report

Land prices up in Hanoi, down in HCMC and neighboring provinces: report

Land prices in Hanoi stayed at high price levels in the third quarter, while they decreased slightly by 5-7 percent in some projects in HCM City, according to Ministry of Construction’s (MOC) real estate bulletin on the third quarter.

HCM City official land-price remains unchanged

HCM City official land-price remains unchanged

Official land prices (called the coefficient or K coefficient) in HCM City will remain unchanged this year amid the rising cost of goods and challenges facing the economy, effective from June 18, said HCM City's Vice Chair Le Hoa Binh.


Attractive sites in HCM City vandalised with graffiti

Multiple sites in HCM City, including bus stops, metro trains and the newly opened Thu Thiem 2 Bridge, have been vandalised with graffiti.

FDI poured into real estate sector doubles

Real estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19% of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction.

Gia Lai province has new Chairman

The Government has confirmed Mr. Truong Hai Long as new Chairman of the Gia Lai provincial People's Committee.

Investors dump shares in panic, VN-Index drops nearly 46 points

The VN-Index officially lost the 1,110-point mark, retreating to the bottom made in February 2021 in the first trading session of October on October 3.

First Vietnam monkeypox case returns from Dubai

The Ministry of Health confirmed on October 3 that a woman returning from Dubai has infected with the monkeypox virus, the first case recorded in Vietnam so far.

Coca-Cola injects US$136 million into Long An plant

Coca-Cola Beverages Vietnam Co., Ltd is poised to start development on a beverage factory with total investment capital exceeding US$136 million in Phu An Thanh Industrial Park of Ben Luc district in the southern province of Long An.

List of 48 websites showing signs of law violation announced

The Ministry of Information and Communications (MIC)’ Authority of Broadcasting and Electronic Information has announced a list of 48 websites showing signs of law violations as of the end of the third quarter.

Secretary of Hai Duong Provincial Party Committee expelled from Party

The Party Central Committee decided to expel Secretary of the Hai Duong Provincial Party Committee and Chairman of the provincial People’s Council Pham Xuan Thang from the Party during the first working day of its sixth plenum in Hanoi on October 3.


Hanoi seeks UNESCO's recognition for Mo Muong

Seven must-visit destinations in Vietnam for coffee connoisseur

From the 19th century until now, coffee has taken a journey to become an irreplaceable part of Vietnamese culture and life.

Petrol prices fall to over a year record low of VND21,000/litre

Petrol prices tumbled to the lowest level in more than a year in the latest adjustments made on October 3 by the Ministries of Industry and Trade and the Ministry of Finance.

Foreign ODA and concessional loans reach 15.5% of target

Disbursement of foreign official development assistance (ODA) and concessional loans has been slow, achieving only 15.48% of the target, the Ministry of Finance reported.

More foreign visitors to HCMC signals thriving tourist season

Roughly 100 French, American, German tourists traveled to Ho Chi Minh City on French Le Laperouse yacht of Ponant after the last visit in mid-November 2019 signaling a thriving tourist season.

First monkeypox infection detected in HCM City

The Ho Chi Minh City Department of Health has just announced the first reported case of monkeypox in Vietnam.


2.97 billion USD in FDI poured into HCM City in 9 months