Is price of land use rights for developments public?

[JStrand]

Hi, I was wondering if the Vietnamese government discloses how much money they receive from developers in exchange for the developer being able to use land for their projects?

For instance, Millennium Group's subsidiary, Starbay Holdings, was awarded the right to develop 1.5 million square feet on 540 hectares on Phu Quoc a US $1.6 billion multi-hotel development at Dai Beach. Is it possible to learn how much Starbay had to pay and for how long they have the right to use the land? Is being awarded this right the equivalent of a leasehold?

thanks, John

[vn1975victory]

Originally Posted by JStrand

Hi, I was wondering if the Vietnamese government discloses how much money they receive from developers in exchange for the developer being able to use land for their projects?

For instance, Millennium Group's subsidiary, Starbay Holdings, was awarded the right to develop 1.5 million square feet on 540 hectares on Phu Quoc a US $1.6 billion multi-hotel development at Dai Beach. Is it possible to learn how much Starbay had to pay and for how long they have the right to use the land? Is being awarded this right the equivalent of a leasehold?

thanks, John

There is a standard price per square meter for each type of land, for each province/region. If you are a potential investor, I think you can get this from the Ministry of Planning and Investment.