The Ministry of Finance has just issued Official Dispatch No. 8288 to ministries, branches and localities guiding the implementation of regulations in the 2024 Land Law related to the management and use of public assets.

One of the issues of concern is the handling of the transition to apply the land price list. Accordingly, the Ministry of Finance affirmed: The land price list issued by the provincial People's Committee according to the provisions of the 2013 Land Law will continue to be applied until December 31, 2025.

If necessary, the Provincial People's Committee shall decide to adjust the land price list according to the provisions of this law to suit the actual situation of land prices in the locality.

The procedure for adjusting the land price list, if any, will be implemented according to the provisions of Article 17 of Decree No. 71/2024/ND-CP regulating land prices (Decree 71). Accordingly, the Department of Natural Resources and Environment selects an organization to conduct land valuation to develop the land price list according to the provisions of the law on bidding.

In case at the time of bidding, no bidder participates, the deadline will be extended once. After the deadline is extended but no bidder is selected, the Department of Natural Resources and Environment will assign the task to a public service unit that is qualified to provide consultancy on land valuation.

Next, the organization conducting land valuation shall adjust the land price list according to Article 14 of Decree 71.

The Ministry of Finance also said that, implementing the plan to implement the 2024 Land Law, issued together with Decision No. 222 of the Prime Minister and the direction of the Government leaders, the Ministry of Finance has submitted to the Government to issue Decree No. 103 regulating land use fees, land rents, and Decree No. 104 regulating the Land Development Fund.

Including regulations on calculation, collection, payment, exemption and reduction of land use fees and land rent. Regulations on organization, operation and financial mechanism of land development funds; handling of transitional land use fees and land rent for cases where land has been allocated or leased, and on the operation of land development funds before the effective date of the 2024 Land Law.

Regulations on the responsibilities of relevant ministries, central agencies, and provincial People's Committees after these decrees come into effect. The Ministry of Finance requests ministries, central agencies, and provincial and municipal People's Committees to immediately implement the assigned responsibilities according to the Government's regulations.