According to PWC's World Report, by 2050 Viet Nam could be among the Top 20 economies in the world and Top 10 in Asia. The average real GDP growth of Viet Nam could reach 5.1% p.a. between 2016 and 2050.
The land use fee represents a significant part of the land cost in any real estate development. Moreover, the timeline to complete the assessment of the land use fee is also a factor to account for.
Apart from beating down competition and negotiating a project, securing an industrial or commercial property carries additional difficulties that are nothing to scoff at. Determining the direct land use fee is a particularly murky area that leaves the unprepared perplexed.