On August 1, 2024, Vietnam’s real estate market saw major shifts with the implementation of the Land Law 2024. In response, local governments now face the challenge of adjusting land price tables to align with new legal frameworks and market realities. This process, however, has sparked significant debate among stakeholders, especially regarding the balance between fiscal responsibility and public affordability.

Vilasia, in collaboration with The Saigon Times, is proud to present an in-depth analysis by Nhung Nguyen, focusing on the intricate legal aspects of land price adjustments. Below is the last article in the series titled “Vietnam’s Real Estate Market and the Land Price Adjustment Equation,” originally published in Vietnamese in The Saigon Times on September 19, 2024. The digital version is available here.

Vietnam's real estate market and the land price adjustment equation