Land in Vietnam is owned by the State, meaning that users of land are required to acquire or rent land use rights from the government.
Foreign investors requiring land for their operations in Vietnam will pay a rental fee to the government, which is in effect a form of property tax.
The rental fees for land use rights vary depending upon the location, infrastructure and the industrial sector in which the business is operating.
In addition, land users (including owners of houses and apartments) have to pay land tax from 2012 onwards under the law on non-agricultural land tax.
The tax is charged with progressive tax rates ranging from 0.03% to 0.15% on the taxable price determined by the local authority from time to time based on the location and use of the land.
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