The National Assembly’s Standing Committee on April 26 discussed and provided opinions on cases eligible for land use fee and land rental exemptions or reductions under Clause 2, Article 157 of the 2024 Land Law (including provisions for rental reductions in 2025).

On behalf of the Government, Minister of Finance Nguyen Van Thang presented the proposal, stating that projects eligible for land use fee and rental exemptions must meet certain conditions, such as not already being specified in the Land Law, having proposals submitted by ministries, sectors, or localities, and using land for non-profit purposes as certified by competent authorities.

Regarding the land rental reduction for 2025, Minister Thang emphasized that the measure aims to facilitate support for citizens and businesses under current economic conditions, in alignment with the socio-economic development plan that targets a growth rate of 8% or higher, as outlined in the Party Central Committee’s conclusions.

According to the Government’s proposal, land rental exemptions or reductions would apply to institutes and centers for innovation, research, and digital technology development.

Projects producing key digital technology products, software, semiconductors, artificial intelligence; centralized digital technology zones; and national innovation centers would be eligible. Land used to build laboratories, technology incubators, and experimental facilities would also be exempt from rental fees.

In addition, land used for constructing headquarters for the Vietnam Bank for Social Policies, the Vietnam Development Bank, and non-budget financial funds operating on a non-profit basis under legal regulations would be exempt from land rental fees.

Cooperatives, cooperative unions, and alliances renting land for business premises are also proposed to receive land rental exemptions or reductions.

During the appraisal of the proposal, Phan Van Mai, Chairman of the Economic and Financial Committee, noted that most opinions agreed with the list of projects eligible for exemptions and reductions. However, he recommended that the Government review the policies carefully to ensure compliance with the outlined principles.

In conclusion, the National Assembly’s Standing Committee agreed in principle to issue a resolution approving the proposed cases for land use fee and land rental exemptions and reductions.

The Vinh