A land price list will be prepared on an annual basis and the initial list will be announced and applied from January 1, 2026, and then be adjusted and supplemented from January 1 in the following year under the revised Land Law.

The Presidential Office held a press conference on February 19 to announce the State President’s order announcing the Land Law (revised) and the Law on Credit Institutions (revised) that were approved by the 15th National Assembly during its fifth extra-ordinary session.

The Land Law (revised) will be effective from January 1, 2025.

The law removes regulations on the government’s land price framework while stipulating the principles, foundations, and methods in land pricing.

The Law on Credit Institutions (revised) will take effect from July 1.

Along with promoting the application of science and technology in the banking sector and the development of modern banking products and services, it strengthens self-inspection, internal control, and self-responsibility of credit institutions towards enhancing openness and transparency in banking activities, while perfecting the legal framework for handling credit institutions facing liquidity risks and the bad debts of credit institutions.