PM decision to cut land rental fees by 30 per cent for 2023:

Deputy Prime Minister Le Minh Khai has recently signed a Prime Minister decision regarding the reduction of land rental fees for 2023.

Land rental fees cut by 30% for 2023 | Business | Vietnam+ (VietnamPlus)
The decision will come into effect on November 20. (Photo: VNA)

The beneficiary entities include organizations, units, businesses, households, and individuals directly leased land by the state according to decisions, contracts, or certificates of land use rights and ownership rights to residential houses and other assets attached to the ground.

This decision applies to cases where the lessees do not fall under the exempted or reduced rental fee categories, those whose exemptions or reductions have expired, and those currently receiving reductions in rental fees following the Land Law and other relevant laws.

The new reduction levels are calculated based on the rental fees payable for the year as stipulated by the law. The decision will come into effect on November 20.

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(Source: VNA)