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Việt Nam Proposes Seized Land Payments Based on Official Prices, Not Market Prices

Illustrative photo. Photo: Lâm Đồng Newspaper.

The Latest: On the morning of Oct. 22, the government presented the draft amended Land Law to the National Assembly. 

  • A central proposal dictates that Việt Nam intends to pay for seized land at government prices instead of market prices. 
  • Under the draft, compensation would be calculated by multiplying the price in the provincial land price table by a specific compensation rate for each type of land.

Main Changes: The draft text “no longer includes provisions on specific land prices and land valuation consulting organizations.” 

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