The digitization of land information data will limit land fevers. Illustrative photo: Tuan Nguyen Mr. Mathew Powell, Director of Savills Hanoi, shared that digitizing information will bring benefits in controlling land information, in order to ensure the transparency of information. This is one of the solutions that have been given after land fevers continuously occurred over time, when land prices were pushed up because of lack of accurate information. In addition, according to him, one of the solutions can be mentioned is the establishment of national data on land prices – where all land information is stored on a digital platform. Everything is controlled by the land registry, but the national digitization of land transactions creates a more transparent outlook. “Prices are being pushed up based on misinformation or misunderstandings. This has led to confusion in prices and some people will make wrong investment decisions based on misinformation. Therefore, the emergence of a data source where information is widely and accurately disclosed will allow the real estate market to operate stably and minimize price leaps, “he said. this said. Matthew Powell, for example, in the UK already has a national land information management background. Every piece of land and every transaction that takes place on that land is kept for centuries. Such information is accessed and used by all real estate market operators and the government is also used as an effective legal tool. “It is important to improve the storage and transmission of information, minimizing features that have become obsolete in real estate such as over reliance on papers. As papers are digitized. information is not only transmitted more effectively, but also brings higher confidentiality, “said Savills Hanoi Director. In response to the explosive demand for digital transformation, data centers have been rapidly expanding globally. According to Savills, by 2026, the size of the global data market is expected to reach US $ 251 billion with an average annual growth rate of 4.5 %./.

TP. HCM City intends to keep the land price adjustment coefficient (illustration). In the city. HCM City , the 25th session of the City People’s Council. Ho Chi Minh City just took place on April 22, agreed to keep the land price adjustment coefficient as in Decision No. 03/2020 / QD-UBND dated January 16, 2020 of the People’s Committee of Ho Chi Minh City. Specifically, the land price adjustment coefficient in 2020 in the city. HCM is the highest 2.5 times compared to the land price list issued by the City People’s Committee applied to the land price for commercial and service businesses in area 1. The lowest coefficient is 1.5 times the land price list. For households and individuals apply a factor of 1.5 times for all regions. According to the land price list for the period 2020-2025 by the City People’s Committee. Issued in Ho Chi Minh City, the highest residential land price is still Dong Khoi, Ham Nghi, Le Loi (District 1) with 162 million VND / m2 (the market price of these roads is currently about 800 million VND / m2). . Urban residential land prices of the city. HCM is the lowest at 1.5 million VND / m2; land price for commercial and service is equal to 80% of the price of residential land, land for non-agricultural production and business, not commercial services, is equal to 60% of the price of residential land; the highest land price of agricultural land for rice and annual crops, aquaculture land is 205,000 VND / m2; The type of land for perennial crops is 300,000 VND / m2 … In Dong Nai, Land prices in the period 2020-2024 have very high volatility compared to the current price list, but still far from market land prices. Regarding the price of agricultural land, the highest increase is in the communes of Trang Bom district (2.2-3 times), Thong Nhat district (2.5-3 times), and Xuan Loc district (3-4 times). Cam My district (2.8-3.2 times). Agricultural land TP. Bien Hoa has many different growth rates, old wards have the lowest growth rate (from 6 -29%), newly established wards have the highest growth rate of 4.3 times. The group of non-agricultural land is also adjusted to increase in prices in most areas, locations and routes. In which, urban residential land is added 14 new roads, bringing the total number of urban roads specified in the land price list is 510 and divided into 715 sections. In this content, the land prices on the roads have increased, the popular increase is from 1.5 to 3 times the current price. The highest price is 40 million VND / m2 at 30-4 street (Bien Hoa city) and the lowest 160 thousand VND / m2 in Dinh Quan town (Dinh Quan district). In Ba Ria – Vung Tau, There are 3 main groups of land that need to be adjusted to increase prices by 10-15% compared to Decision No. 33/2018 / QD-UBND, including: Agricultural land; non-agricultural land and forest land. In particular, notably, for the group of agricultural land in urban and rural areas, the maximum land price bracket is applied according to the Government’s regulations. Vung Tau will apply a maximum price bracket of 300,000 VND / m2. The remaining localities are determined according to the rate of 0.9 maximum price bracket (Ba Ria city); 0.8 maximum price bracket (TX. Phu My); 0.7 maximum price bracket (Con Dao district) … As for land in urban areas, it is adjusted to increase 1-2 times depending on the area. Particularly, Dat Do and Con Dao districts are adjusted to increase 1.2 to 1.8 times for land in urban and rural areas. In Binh Duong, According to the regulations on the price list of all types of land in the province in the period 2020-2024, for agricultural land, the land price is equal to the maximum price bracket set by the Government in Decree No. 104/2014 / ND-CP but guaranteed. the harmony between districts, towns and cities in the province. Particularly, the additional price of special-use forest land shall be equal to the price of production forest and protection forest land with a maximum rate of VND 450,000 / m2. For non-agricultural land, the adjustment is equal to the land price calculated according to the currently applicable 2019 Land Price Adjustment Coefficient (K), corresponding to an average increase of about 18% compared to the current land price list. Thu Dau Mot city has an average increase of 10%; Thuan An and Di An towns increase by 5-30% on average; Ben Cat town, Tan Uyen town, Bau Bang district and Bac Tan Uyen district increase 5-20% on average; Phu Giao and Dau Tieng districts increase by 10% on average. The price list of land for religious and belief bases is applied by the price of non-agricultural production and business land other than commercial or service land. And the land price for national defense and security is applied equal to 65% of the residential land price. For urban residential land, type I roads, at position 1 of the city. Thu Dau Mot, including: Yersin, Bach Dang, August Revolution, Binh Duong Avenue, Dieu Ong, Dinh Bo Linh, Doan Tran Nghiep, Hung Vuong, Nguyen Du, Nguyen Thai Hoc, Quang Trung, Tran Hung Dao has the highest land price is 37.8 million VND / m2. Type II roads in position 1 of Thu Dau Mot city have land prices ranging from 20-25 million VND / m2. The decision also added 27 sections and routes; increase the adjustment coefficient (Đ) for 45 routes; reduce the two-line coefficients; raising the 5-route type of road; rectification, renaming of road 21 routes and adjustment of starting and ending points of 5 routes. According to the People’s Committee of Binh Duong province, the construction of the price list of land types in Binh Duong province in the period 2020-2024 with an average increase of 18% is aimed at gradually approaching the popular land prices in the market. In Binh Phuoc , for land for annual crops and paddy land in delta communes, the lowest land price is 15,000 VND / m2 and the highest is 250,000 VND / m2; Midland commune has the lowest price is 12,000 VND / m2 and the highest is 110,000 VND / m2; for mountainous communes the lowest price is 10,000 VND / m2 and the highest is 160,000 VND / m2. For land for perennial crops, delta communes have the lowest price of 15,000 VND / m2 and the highest price of 300,000 VND / m2; Midland commune has the lowest price of 12,000 VND / m2 and the highest price of 180,000 VND / m2; The lowest price of upland commune is 10,000 VND / m2 and the highest one is 230,000 VND / m2. For commercial land and services in rural areas in delta communes, the lowest price is 48,000 VND / m2 and the highest is 14,400,000 VND / m2; Midland commune has the lowest price of 40,000 VND / m2 and the highest one of 9,600,000 VND / m2; The lowest price in mountainous commune is 32,000 VND / m2 and the highest is 7,200,000 VND / m2. For residential land in grade III urban areas, the lowest price is 400,000 VND / m2 and the highest is 35,000,000 VND / m2; for grade IV urban areas, the lowest price is 300,000 VND / m2 and the highest is 22,000,000 VND / m2. Thus, with the above land price list, the lowest price of grade III urban land in Binh Phuoc is 440,000 VND / m2 and the highest is 42,000,000 VND / m2 if adjusted by the PPC at the highest level ( 20% increase).

CEO Phu Dong Group: ‘It is not capital, land fund that is the biggest difficulty for investors’.

In the position of investor’s representative, Mr. Ngo Quang Phuc, General Director of Phu Dong Group, said that at present, the problem of capital is not a problem for investors, but the biggest difficulty is the land fund for implementation of real estate projects.

According to Mr. Phuc, over the past time, the land price has increased, the planning of suitable land funds to implement projects still has many shortcomings, so to harmonize this issue, the state needs to plan specifically for each area, specially acquired land to create large land funds then auctioned investor selection implementation

Mr. Phuc also emphasized on the inadequacies of legal procedures and the state. According to the General Director of Phu Dong Group, it is necessary to shorten the time to resolve the procedures, creating opportunities for investors to implement projects faster, thereby solving the problem of lack of housing supply. now on.

Reply to TS. Nguyen Anh Tuan, Editor-in-Chief of the Investor Magazine on the problem of private participation in transport infrastructure construction, Mr. Le Do Muoi, Director of the Institute of Transport Strategy and Development ( Ministry of Transport), affirmed that the resources for transport need to be very large, it is very difficult for each state to do it.

“Medium-term capital (2021-2025) for transportation is about 1.2 million billion VND. This is a very large number. The current legal corridor has the Law on Public Investment and the PPP Law, but unfortunately the PPP law has removed the BT form from the law, making it difficult for only forms such as BOT, PPP to call for resources. Asking the giants easily get a shake of the head when calling for PPP cooperation, ”he said.

The representative of the Ministry of Transport also affirmed that transport is a public need, not a private profit. Therefore, capital needs to be socialized with great demand.

“At present, the ring roads also call on investors to participate with many suitable solutions for the benefits of both the state-investors – the people. The Ministry of Transport will sit down with interested investors to dedicate resources to listen and find different, suitable forms for cooperation. The Ministry of Transport has an open policy mechanism to call for investors in projects with high feasibility, ”said Mr. Muoi.

Regarding the issue of calling for investment capital for transport infrastructure, continue with the presentation, PhD. Nguyen Anh Tuan said that investors have great expectations on the PPP Law, but the recently issued Decree of the Ministry of Finance is facing many “complaints” and says inequality. The problem mentioned by many opinions is the mobilization of foreign capital for transport infrastructure development, but so far no investors have participated.

Answer this question, GS-TSKH. Nguyen Mai said that if mobilizing FDI, the biggest risk will be encountered is delay, which is followed by capital mobilization.

Therefore, the most important thing of current management, according to Mr. Nguyen Mai, is overcoming delays from licensing, implementation, site clearance, cost effective calculation, … to Investor implemented on schedule.

“This is a long story. And to be enforced is a story forever. FDI has so far failed in BOT, PPP and even more failed to invest in transport infrastructure. For example, it is the case that investor IL&FS (India) has expressed interest in the Hanoi – Hai Phong expressway. Although the negotiation is almost completed, the problem of many problems has made the project unable to sell “, GS-TSKH. Nguyen Mai said.

“The first BOT Decree was born in 1993, 5 years later, the PPP Law was born, but in the end, it is nothing to do, because it cannot answer the legitimate interests of investors. If we do not have innovative thinking, we do not listen to irreverent criticism, we cannot correct fundamental mistakes. Currently, many foreign investors want to participate not only in road traffic, but also railways and airports. If we have a more reasonable law, more open and transparent, and ensure legitimate benefits, both domestic and foreign investors will want to contribute capital to implement projects with the state ”, Professor-TSKH. Nguyen Mai emphasized.

At times, many places across the country were flooded with information about sophisticated tricks to “hide the ball” of multi-level business. At that time, the wave of multi-level sales such as octopus spouts, crept into every corner in many rural areas, stirred the already very peaceful lives of the people here. Because of the desire to be rich, many people have spent money to multilevel and then fall into the trap of scams that the family goes bankrupt.

But the multi-level “tornado” is still nothing compared to the “fever” of virtual land.

Artwork: Ha Giang

These days, real estate prices in many provinces are increasing “rapidly”, creating a “fever” of land, especially in rural areas. Provinces and cities such as Hanoi, Thanh Hoa, Quang Ninh, Bac Ninh … land prices in suburban areas have doubled or even tripled in just a few months. In many places, people quit production and business to carry money to trade land.

The land fever not only occurs in the planned areas but also occurs in locations that are not under the planning such as: forest land, field land, garden … “Storks” appear everywhere in the area. These areas create false excitement, pushing prices up every hour to entice investors in. For example, outside of Hanoi, there are areas that increase the price from 5 million / m2 to 7 million / m2 in just one day….

In general across the country, the average land price increases 10% -15% after 1 month. With such attractive profits, many people quit their businesses, their production, and withdraw money from banks to invest in land.

Everywhere, everywhere, people talked about land prices. This story appears in the whole meal, the people’s sleep makes life turn upside down, work stops.

Prescribe root treatment

According to many opinions, the low interest rate of credit plus the idle money of the people makes a large capital pouring into real estate, creating a virtual “fever” in the suburban areas.

This is not the first time the appearance of “fever” of soil. So the question is where is the managerial responsibility of the authorities, especially the responsibility of the local government?

The local government – where the land “fever” occurs, cannot ignore this situation because it will make a big obstacle to calling for and attracting formal investment. In fact, the increase in land prices will lead to a series of other costs increasing, especially the cost of compensation for site clearance … Thus, it will affect economic development in localities with ” fever “soil. Consequences of the land price increase will also reduce investment resources for production development in many other sectors and fields of the country.

Therefore, the local government needs to promote propaganda and explain to the people the serious consequences of the land “fever”, which will certainly limit a lot of speculation.

Commenting on this issue, Professor Dang Hung Vo – former Deputy Minister of Natural Resources and Environment, said that the “fever” situation of land everywhere over time is partly due to the impact of the 2013 Land Law. regulations on sub-plots for sale are expanded.

According to him, countries around the world use the form of subdivision for sale only to settle urban housing, not in commerce because in principle, the real estate market must exploit the value of the investment. land, not waiting for land price increases to make a profit as a form of “eating away”.

Professor Dang Hung Vo pointed out, from 2016 to 2020, the Government has instructed four times to amend the Land Law, however, up to now the Land Law has not been revised. In particular, the land is clogged with old regulations. For example, current agricultural land has not yet implemented effective accumulation and concentration. Along with that is the land transfer in the countryside almost not according to the procedure but mainly by handwriting. Then the problem of housing development nowadays also has many bottlenecks … Especially the problem of foreigners buying underground land in Vietnam … It is these shortcomings that have a direct impact on the real estate market, making distorting and manipulating the market, creating opportunities for those who have the opportunity to make money.

Therefore, Professor Dang Hung Vo emphasized that the revision of the Land Law is extremely necessary.

Along with that, according to experts’ view, in the context that lending interest rates are pouring heavily on real estate, the State Bank needs to closely monitor and supervise lending activities to prevent loans to production and business, but actually poured into real estate.