HCM City Sees 50% Jump in Land-Related Revenue, Reaching Over 25 Trillion VND in 2024
2025-01-12
thoibaotaichinhvietnam
Ho Chi Minh City has witnessed a remarkable surge in land-related revenue, with a year-on-year increase of nearly 50% in 2024. According to the city's Department of Natural Resources and Environment, the revenue has exceeded 25.3 trillion VND, equivalent to approximately 1 billion USD. This significant growth is expected to boost the city's economic development, driven by real estate and urban planning initiatives, such as smart city projects and infrastructure development. The city's land market is expected to continue growing, fueled by demand for property investment and urbanization trends.
