Ho Chi Minh City collects more than 69,600 billion VND from land valuation

VTV.vn - In the first 10 months of the year, Ho Chi Minh City collected more than 69,600 billion VND from land valuation for 65 projects in the area, helping the city budget exceed the plan.

Illustration photo

According to the report on revenue from the natural resources and environment sector, the Department of Agriculture and Environment of Ho Chi Minh City said that in the first 10 months of the year, the Department received, appraised and submitted 65 project dossiers to the City Land Valuation Council.

By the end of October, the total approved value had exceeded the annual plan and contributed significantly to the local budget revenue. In addition, revenue from land and water surface rentals also increased sharply, equivalent to 241%.

Ho Chi Minh City is also making efforts to completely handle 84 backlogged land allocation and land use conversion files from the period 2003 - 2013. Resolving these problems will not only create more revenue for the budget but also pave the way for the implementation of about 84,000 new apartments, providing accommodation for more than 300,000 people.

In total, in the past 10 months, revenue from the natural resources and environment sector of Ho Chi Minh City reached nearly 75,200 billion VND, an increase of 353% over the same period in 2024 (only 21,292 billion VND). This alone has contributed significantly to the city's total budget revenue reaching 652,509 billion VND, equivalent to 97% of the Central Government's estimate and 115% over the same period last year.

After expanding its administrative boundaries, Ho Chi Minh City aims to collect about VND700,000 billion in budget revenue this year. Of which, land revenue is expected to continue to play a key role, with a plan to collect more than VND86,000 billion through determining specific land prices for 153 projects throughout the area.

Source: https://vtv.vn/tp-ho-chi-minh-thu-hon-69600-ty-dong-tu-xac-dinh-gia-dat-100251114085242394.htm