The government proposes a 0.2% tax on idle land, meaning land not put to use or delayed in use, with no quota applied. On 23/10, Finance Minister Ngô Văn Tuấn submitted to the National Assembly a draft law amending three tax laws: corporate income tax, non-agricultural land use tax, and personal income tax. The drafters say the move aims to institutionalize Resolution 21 of the Central Committee and reduce idle land. The draft Land Law would reclaim agricultural land left idle for more than 24 consecutive months, while delayed project land would incur annual surcharges that rise each year and be reclaimed after 60 months without exploitation. The National Assembly's Economic and Financial Committee said the file lacks an assessment of budget revenue impact, does not exclude force majeure or phased projects, and needs alignment with the Land Law. If passed on 20/11, the law would take effect in 2027.
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Original headline: Chính phủ đề xuất áp thuế 0,2% với đất bỏ hoang
Read the original on VnExpress ↗
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Related tickers and likely impact
DXG
• NeutralBluemarq Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 13,379 bn VND |
| P/E | 69.6 |
| P/B | 0.94 |
| Close on 10/22/2026 | 10.60 |
| Change that session | +0.47% |
NLG
• NeutralNam Long Investment
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 11,084 bn VND |
| P/E | 18.0 |
| P/B | 0.89 |
| Close on 10/22/2026 | 23.15 |
| Change that session | +1.31% |
PDR
• NeutralPhat Dat Real Estate
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 11,974 bn VND |
| P/E | 19.5 |
| P/B | 0.95 |
| Close on 10/22/2026 | 12.05 |
| Change that session | +0.42% |
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