August 9, 2025

Real estate: Vietnam ministry proposes rolling back last year’s market-based land pricing

Vietnam’s Ministry of Agriculture and Environment has proposed amending the Land Law to remove market-based principles in land price determination, giving the State full authority to set prices, Tap Chi Tai Chinh has reported. This comes barely a year after a new Law on Land took effect which scrapped the centrally set five-year price list and allowed local governments to set annual base prices.

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Trade: Vietnam records over 10,000 customs violations by mid-July

From 15 June to 14 July, Vietnam’s customs authorities detected 1,790 violations worth an estimated VND 1.48 trillion (US$56.9 million), Tien Phong has reported. These cases form part of a year-to-date total of 10,351 violations by mid-July, valued at about VND 15.1 trillion (US$580.8 million).

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