Finance ministry proposes 30% land lease fee cut for 2025

The Ministry of Finance is seeking comments on a draft Decree stipulating a 30% reduction in land lease fees in 2025 to support people and businesses in developing production and business, as directed by the Government in Resolution 233/NQ-CP dated December 10, 2024.

The draft Decree proposes a 30% reduction in land lease fees for subjects specified in Article 4 of the Land Law who are directly leased land by the State under a land lease decision, a land lease contract, or  certificate of land use rights and ownership of assets attached to land issued by a competent State agency, effective in 2025, in the form of annual land lease payments.

This regulation is also applicable to cases where land users are not eligible for exemption or reduction of land lease fees or have exceeded the period of exemption or reduction. It also applies to land users currently receiving reductions in land lease fees under the provisions of the Land Law and other relevant laws.

Regarding the draft Decree, in Resolution No 233/NQ-CP the Government stated that the goal for 2025 is to achieve a growth rate of 8% while maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy.

To support people and businesses in improving production and business, and to create momentum for economic development, the Ministry of Finance needs to continue studying and proposing policies on the exemption, reduction, and extension of taxes, fees, charges, and land lease fees to competent authorities.