National Assembly deputy: Clear criteria and timing needed for 0.2% tax on abandoned land

Keywords

real estatetaxesVietnambanks

Open a keyword to see other news on the same topic.

Related tickers and likely impact

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

• Proposed 0.2% tax on idle land and land left unused or slow to be put to use

  On the morning of October 23, the National Assembly heard the government's proposal and the review report on draft amendments to several tax laws, including the Law on Non-Agricultural Land Use Tax. The government proposes a 0.2% tax rate, with no area limit, for idle land and land that is not or is slowly being put to use, to institutionalize Resolution 21-NQ/TW. The Economic and Financial Committee agrees in principle but says the proposal conflicts with the current law, which applies 0.15% to unused land, and with the draft amended Land Law. It warns of possible double financial obligations for investment projects that leave land unused or slow to use it, and asks the drafting agency to clarify the basis, timeline and relationship with land use fees and land rental payments.

  CafeF·23/10, 05:06taxesreal estateVietnam
• Government Proposes 0.2% Tax on Idle Land

  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.

  VnExpress·23/10, 02:14• DXG• NLG• PDRtaxesreal estateVietnam
• Government proposes adjusting land price tables once every three years

  The Government proposes amending the Land Law so that land price tables and the price adjustment coefficient (K), set by provincial People's Councils, are revised once every three years instead of annually. The draft removes specific land price rules and price advisory bodies, with the State setting prices under principles of honesty, objectivity, openness and transparency. Land price tables and K coefficients would be applied uniformly for budget land revenue, auction starting prices, compensation for land recovery, and related taxes and fees. The draft also allows recovery of abandoned land, such as agricultural land left unused for more than 24 months after an administrative penalty, or project land unused for over 60 months. The draft has 3 chapters and 112 articles, 148 fewer than the current law, and is scheduled for a National Assembly vote on 21 November.

  VnExpress·22/10, 02:19• DXG• KDH• NLG• VHMreal estateVietnamregulation
• Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'

  A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.

  CafeF·23/10, 03:34▲ PDRreal estatehousingbanks
• Profile of a Port Tycoon Newly Appearing at Eximbank: Invests Over VND 700 Billion in GEX and VIX Shares, Borrows VND 2,800 Billion from Eximbank, Acquires Real Estate Firm with Many Projects Partnering with GELEX

  Viconship (VSC) appears for the first time on the list of shareholders holding at least 1% of Eximbank (EIB), with over 18.7 million shares, or 1.01%. As of June 30, 2026, the company held GEX and VIX shares with a cost of nearly 716 billion VND and a fair value of about 790 billion VND, while its Q2 report showed no EIB shares. Viconship also owed Eximbank roughly 2,856 billion VND in long-term loans, with initial interest rates of 7–10% per year, and owed VIX 322 billion VND in short-term borrowings. Its board approved a deposit agreement to acquire 100% of the capital of Viconship Industrial Infrastructure and Real Estate Co., Ltd (BDSV) for no more than 1,100 billion VND, and BDSV had previously co-invested with the GELEX ecosystem in infrastructure companies.

  CafeF·20/10, 17:30▲ GEX▲ VIX• EIBVIXbanksreal estate
• Five real estate firms plan to buy a large stake in a bank

  Five real estate companies, including I.P, Lý Thanh Sao, DTH, Vượng Phát and Phương Đông, have registered to buy nearly 269 million shares in PVcomBank (PCB) private placement of 300 million shares at VND 13,628 per share, for an expected total of about VND 3,666 billion. If the offering is completed, it would raise about VND 4,088 billion and lift the bank's charter capital from VND 9,000 billion to VND 12,000 billion. The five firms account for about 89.7% of the shares offered and would hold over 22% of charter capital after the issue if all registrations are fully executed. Lý Thanh Sao previously had a transaction with PVcomBank involving a receivable of over VND 5,536 billion, which the company fully paid on January 23, 2026.

  CafeF·18/10, 09:29banksreal estateVietnam

Related markets

Vietnam stocks →

Latest news

• Higher interest rates have made family offices pickier about investing in real estate

  Family offices say higher interest rates have made them more selective about real estate, focusing on heavily discounted properties and assets with strong pricing power. Rob Haugen of Michels Family Office says the firm will only pursue especially attractive projects until it has strong conviction that rates are heading down, targeting yields on cost in the high single digits or double digits. Joel Houck of HB Wealth has seen more interest from large family offices in industrial warehouses, farmland and timberland, which can offer inflation protection and tax efficiency, and generally steers clients away from funds with leverage above 65%. Cresset views data centers as more of a technology investment than real estate because of the risk that a 15-year lease becomes less valuable as technology changes, while Haugen is wary of 10- to 15-year lock-ups at high interest rates.

  CNBC·23/10, 12:01interest ratesreal estateinflation
• Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect

  24/7 Wall St. sets a $346.52 price target for Salesforce (CRM) over the next 12 months, versus shares at $242.92 (about 42.6% upside), and carries a buy rating at 90% confidence. The article argues that Agentforce ARR above $1.5 billion, up over 240%, and a buyback that reduces the share count are not fully reflected in the stock price. In fiscal Q2 2027, revenue rose 10.8% to $11.345 billion and non-GAAP EPS of $5.90 beat estimates, though about $2.53 per share came from strategic investment gains, and operating income was flat at $2.331 billion. Risks include acquisition costs such as the Braze deal, rising restructuring charges, free cash flow growth of only about 4-5%, and a 37.42% drop in shareholders' equity after the debt-funded buyback. The article puts its bull case at $387.36 and its bear case at $282.

  Yahoo Finance·23/10, 12:00artificial intelligenceearningsshare buybacks
• Here Are Friday’s Top Wall Street Analyst Research Calls: Deckers Outdoor, Globe Life, Guardant Health, Hess Midstream LP, Kimberly-Clark, Natera, NVR, SpaceX, Thermo Fisher Scientific, and More

  The market fell sharply on Thursday as the Nasdaq Composite dropped 2.6% to 26,008 and the S&P 500 fell 1.21% to 7,553, after Meta reported negative free cash flow for the quarter despite an earnings beat. U.S. 30-year Treasury yields fell 15 basis points to 5.28% in a safe-haven rush, while Brent crude closed at $113 amid tensions related to the war with Iran. Bitcoin fell over 3%, and crypto liquidations topped $431 million. Among upgrades, Hess Midstream (HESM) moved to Outperform from Market Perform at Raymond James with a $32 target, SpaceX (SPCX) was upgraded to Buy from Sell at Phillip Securities with its target raised to $250 from $75, and Skydance (SKYD) was upgraded to Neutral from Underweight at JPMorgan, which lowered its target to $9 from $14. Deckers Outdoor (DECK) was downgraded to Underweight from Neutral at Piper Sandler.

  Yahoo Finance·23/10, 11:51Wall StreetNasdaqoil prices
• The IMF Just Raised Its Economic Growth Forecast. Buried in the Report Is a Warning for Stock Investors.

  The IMF's October 2026 World Economic Outlook forecasts global growth of 3.1% in 2026 and 3.7% in 2027. The author considers this fairly optimistic given high energy costs, the war in Iran and slowing growth in several advanced economies, especially Europe, while AI infrastructure investment is currently the dominant positive factor. About 95% of global growth comes from just 32 economies, down from 54 in April. If AI productivity gains fall short and AI investment slows, global GDP growth could be cut by 1.1% by 2028, with deeper losses in the US and Asia. The author adds that international diversification may offer limited protection, since nearly 40% of the Vanguard Total International Stock ETF (VXUS) is allocated to South Korea, Taiwan, China and Japan; the author suggests long-term investors avoid radical portfolio changes but be more cautious about adding tech, growth and semiconductor stocks.

  Yahoo Finance·23/10, 11:50• QQQ• SPYIMFGDP growthAI investment
• Ethereum Delays Glamsterdam Testnet Fork Over Gas Security Flaws

  Ethereum developers postponed the planned Glamsterdam activation on the Hoodi test network after security firm ChainSecurity found that gas changes in the upgrade could let some smart contracts permanently record failed operations that were designed to be retryable. ChainSecurity said it has already found 13 real-world examples and is working with affected projects through responsible disclosure, while the Ethereum Foundation assesses how many contracts are exposed. The Hoodi upgrade had been due to go live on Monday, and no new date has been set. Glamsterdam has already activated on the Sepolia test network on October 6, producing blocks with a gas limit of nearly 200 million, more than three times mainnet's 60 million.

  Decrypt·23/10, 11:49▼ ETH/USDTcryptoEthereumETHUSDT
• Was crypto self-custody ever designed for beginners?

  Recent security incidents involving Ledger and Coldcard hardware wallets have revived debate over whether self-custody suits beginners. Safe Labs CEO Rahul Rumalla argues self-custody was always meant for everyone, while Onramp CEO Michael Tanguma says it was never designed with newcomers in mind. Multisig wallets improve security but add complexity in signer coordination and recovery, and several signers can still approve a malicious transaction if all are deceived by the same compromised interface. Tangem's seedless design removes the recovery phrase, but losing every device permanently locks users out of their funds, and Foundation CEO Zach Herbert criticized the lack of a built-in screen for verifying transactions.

  Cointelegraph·23/10, 11:47cryptocybersecurity