Vietnam’s guidelines for determining value of land use rights, land rental and property pertaining to land

14:07, 12/09/2017

On August 02, 2017, the Minister of Finance of Vietnam issued Circular No. 80/2017/TT-BTC on guidelines for determining value of land use rights, land rental and property pertaining to land refunded when the State expropriates land and management and use of compensation for property allocated by the State, and support costs when the State expropriates land without compensation for land.

Specifically, Circular No. 80/2017/TT-BTC of the Ministry of Finance of Vietnam guides the determination of the value of land use rights, land rental, remaining value of the property pertaining to land to refund when the State expropriates land in the following cases:

- Determination of the remaining value of property pertaining to land that has been legally established according to regulations of law without provision of the state budget to return to property owners when the State expropriates land due to violations against regulations of law on land.

- Determination of the value of land use rights, land rental, remaining value of the property pertaining to land to refund to land users if they voluntarily return their land.

- Determination of remaining prepaid land rental to refund to land users having their land expropriated and leased out by the State with collection of annual land rental that has been prepaid for several years.

More details can be found in Articles 3, 4, 5 of Circular No. 80/2017/TT-BTC.

Circular No. 80/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from September 15, 2017.

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