Professor Dang Hung Vo: Taxing idle real estate at 1-5% a year would be enough to deter

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• A week of 35 draft laws and an “unprecedented” pace in institutional reform

  Since the National Assembly session opened, the government has submitted 35 draft laws along with a report on implementing Resolution No. 206/2025/QH15, and about 60 laws were discussed over roughly one week. The government expects to submit 78 laws and resolutions for Assembly approval in 2026, focusing on tax exemptions and reductions, land resources, social housing and support for private enterprises. According to the report, the review abolished 56 conditional business sectors and lines of trade, cut 697 administrative procedures, and reduced compliance time by 53% and compliance costs by 55%, saving about VND 23 trillion per year. The draft amendment to the Law on Real Estate Business removes the registration procedure for apartment sales contracts, moving them to public disclosure on the Housing and Real Estate Market Information System.

  CafeF·25/10, 03:57Vietnamreal estateregulation
• 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
• National Assembly deputy: Clear criteria and timing needed for 0.2% tax on abandoned land

  Lạng Sơn Provincial Party Deputy Secretary Đoàn Thu Hà asked for clearer criteria for abandoned land and the timing of the 0.2% tax in the draft law amending three tax laws. The government proposed applying the tax to abandoned, slow-to-develop or unused land without a quota; most deputies supported it to curb hoarding and speculation, but many asked to exclude land left idle for objective reasons and to avoid double-charging with progressive penalties on delayed projects. Agribank Chairman Tô Huy Vũ said bank-held land awaiting disposal from bad-debt recovery could be hit without an exemption. Prime Minister Lê Minh Hưng directed the Ministry of Finance and the Ministry of Agriculture and Environment to review and clearly define abandoned land. The National Assembly will debate the bill on Nov 6; if passed on Nov 20, it takes effect in 2027.

  VnExpress·23/10, 10:15real estatetaxesVietnam
• 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
• From 2027, the following cases will not be allowed to transfer Red Book (Sổ đỏ) land certificates: residents should take note!

  Under Article 45 of the 2024 Land Law, transferring a Red Book (Sổ đỏ) through sale, lease, inheritance or gift requires a complete land certificate, land free of disputes (or disputes resolved by an effective court judgment or decision), no seizure or enforcement measures, and remaining land-use term. Individuals' protection-forest and special-use forest land cannot be transferred, especially in strictly protected or ecological restoration zones, unless the land use is changed under an approved plan. Economic organisations cannot receive transfers of protection or special-use forest land (except under an approved plan), and individuals not living in the forest area cannot receive land in those protected zones. Communities, religious organisations, overseas Vietnamese and foreign-invested organisations also cannot receive transfers or gifts where the law does not allow it.

  CafeF·25/10, 17:01real estateregulationVietnam

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  Micron (MU) posted record fiscal fourth-quarter results, with revenue of $54.2 billion, up nearly 380% year over year, and EPS of $32.87, and guided to $61.5 billion in revenue for fiscal Q1 2027. Despite this, the stock has fallen roughly 20% since the report and was about 29% below its all-time high as of Oct. 22. The article attributes the sell-off to concerns about the sustainability of AI capital spending, high valuations and whether the memory industry's unusually high profitability will last, while the iShares Semiconductor ETF has declined 15% since the report. The author views the forward P/E of about 7 as modest and believes investors may have already priced in considerable downside risk.

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