Nghe An province issues new regulations on the rate for calculating land lease prices and water surface land lease prices.

Specifically, in Decision No. 53/2024/QD-UBND dated November 11, 2024, the People's Committee of Nghe An province outlined the following main contents:

1. Percentage (%) Calculating the annual land lease price without auction.Land used for purposes belonging to the agricultural land group as stipulated in the Land Law; land used to implement projects in industries with investment incentives or industries with special investment incentives; land used to implement projects in areas with difficult socio-economic conditions or areas with particularly difficult socio-economic conditions as defined by investment law.

Accordingly, the rate is 0.58% in Vinh City and Cua Lo Town; 0.56% in Hoang Mai Town; 0.54% in the districts of Hung Nguyen, Nam Dan, Nghi Loc, Dien Chau, Quynh Luu, Yen Thanh, and Do Luong; and 0.52% in Thai Hoa Town and the districts of Tan Ky, Thanh Chuong, and Nghia Dan.

The area encompassing the districts of Kỳ Sơn, Tương Dương, Con Cuông, Quế Phong, Quỳ Hợp, Quỳ Châu, and Anh Sơn is 0.5%.

Land within the Economic Zone, excluding land used for mineral exploitation projects, is subject to a 0.5% tax rate.

Land allocated for mineral mining projects is 1.0%.

The land for the project that does not fall within the scope of the above regulations includes:

a. Vinh City:

Land plots along main roads with high profit potential, such as Cao Thang, Tran Phu, Quang Trung, Le Loi, Minh Khai, Phan Dinh Phung, Le Huan, and Hong Son streets, have a yield of 1.25%.

Land plots along the main roads of Nguyen Du, Le Duan, Mai Hac De, Nguyen Trai, Cao Xuan Huy, Thai Phien, Le Hong Phong, Phan Boi Chau, Ha Huy Tap, Nguyen Van Cu, Ho Tung Mau, 3-2 Street, Lenin Street, Xo Viet Nghe Tinh Street, 72m Street, Vinh-Cua Lo Boulevard… account for 1.2%.

Land plots adjacent to roads with building setbacks of 12m or more, excluding the two aforementioned road groups, account for 1.15%.

The remaining land plots account for 1.1%.

b. Cua Lo Town:

CLand plots along the Bình Minh, Sào Nam, Nguyễn Sinh Cung, and Vinh - Cửa Lò Boulevard account for 1.2%.

Land plots along planned roads, both named and unnamed, in the central area, including the boundaries from horizontal road No. 1 to No. 23 and vertical road No. 3 to Binh Minh road, account for 1.115%.

The remaining land plots account for 1.1%.

c. Other towns:

Land plots along National Highway 48, National Highway 1A, provincial roads, and the Giồng - Khe Son, Hùng Vương, and Lê Hồng Phong areas in Hòa Hiếu, Quang Tiến, Quang Phong, and Long Sơn wards of Thái Hòa town account for 1.2%.

The remaining land plots along planned roads, both named and unnamed, are located in the wards of the town; land plots along national highways, provincial roads, and the Vuc Giong - Khe Son area are located in the remaining communes; and land plots with frontage along the Ho Chi Minh Highway account for 1.1%.

The land plots in the remaining locations account for 1.0%.

d. Land plots adjacent to National Highway 1A.National Highway 7A, Provincial Road 538, National Highway 46, and National Highway 48 in the towns of Quynh Luu, Dien Chau, Nghi Loc, Do Luong, Hung Nguyen, and Nam Dan districts account for 1.15%.

Land plots along National Highway 1A, National Highway 7A, Provincial Highway 538, National Highway 46, National Highway 48, and the Ho Chi Minh Highway in the remaining towns; and land along other national and provincial highways in the towns of the province account for 1.1%.

2. Land lease rates for underground construction:

The land lease rate for land leased by the State for the construction of underground structures (not the underground portion of above-ground constructions) as stipulated in Clause 1, Article 120 of the Land Law is calculated as follows:

In the case of land leased with annual rent payments, the unit price is calculated at 30% of the unit price of surface land leased with annual rent payments for the same land use purpose.

In cases where land is leased with a one-time payment for the entire lease period, the land lease rate is calculated at 30% of the surface land lease rate for land leased with a one-time payment for the entire lease period, with the same land use purpose and duration.

For land used for underground construction connected to the underground portion of above-ground construction, where the underground construction area extends beyond the surface land area for which land lease fees are collected, the land lease rate payable for the additional area shall be determined according to the regulations applicable to the above-ground construction.

3. Land lease rates for land with water surface:

For areas with difficult and particularly difficult socio-economic conditions as defined by investment law; economic zones; land with water surface used for purposes belonging to the agricultural land group as stipulated in the Land Law; land with water surface for projects in industries with investment incentives or industries with special investment incentives, excluding land for mineral exploitation projects, the annual land lease rate is calculated as follows: 30% of the annual land lease rate, or the one-time land lease rate for the entire lease period of the adjacent land type, assuming the same land use purpose and land use term as the land with water surface area.

For cases not covered by the above regulations, the annual land lease rate or the one-time land lease rate for the entire lease period shall be calculated at 40% of the annual land lease rate or the one-time land lease rate for the entire lease period of the adjacent land type, assuming the same land use purpose and land use term as the water surface area.

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This decision takes effect from November 21, 2024. Decision No. 70/2014/QD-UBND dated October 6, 2014 of the People's Committee of Nghe An province, which issued a similar decision on this matter, is hereby repealed.