Land rental fees cut by 30% for 2023

By VNA   October 4, 2023 | 11:08 pm PT
Land rental fees cut by 30% for 2023
Properties in southern Ho Chi Minh City. Photo by VnExpress/Quynh Tran
The government has extended the 30% cut in land rental fee it made this year for one more year.

Under a decision signed by Deputy Prime Minister Le Minh Khai recently, the beneficiary entities include organisations and individuals who are directly leased land by the state.

This decision, which comes into effect on Nov. 20, applies to cases where the lessees do not fall under the exempted or reduced rental fee categories, those whose exemptions or reductions have expired, and those currently receiving reductions in rental fees following the Land Law and other relevant laws.

The new reduction levels are calculated based on the rental fees payable for the year as stipulated by the law.

Land is owned collectively in Vietnam, and people can only acquire land-use rights for properties. They need to pay rent for the rights to the government.

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