Decision No. 302/TTg On adjusting the coefficient (K) within the framework of land price ranges issued pursuant to Decree No. 87/CP dated August 17, 1994

Pursuant to …;

OF THE PRIME MINISTER

Regarding the adjustment of the coefficient (K) within the land price framework issued pursuant to Decree No. 87/CP dated August 17, 1994

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PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;

Pursuant to the Land Law dated July 14, 1993;

Pursuant to Article 4 of Decree No. 87/CP dated August 17, 1994 of the Government stipulating the framework for land prices of various types;

At the proposal of the Minister of Finance,

DECISION:

Article 1. The coefficient K specified in Clause 1, Article 4 of Decree No. 87/CP dated August 17, 1994 of the Government stipulating the framework for land prices of various types is hereby adjusted as follows:

In cases where land within the same type of urban area has different profit-generating capabilities and varying levels of infrastructure development, localities are permitted to apply an adjustment factor (K) ranging from 0.5 to 1.8 times the price level of the same type of urban area, the same type of street, and the specified location within the urban land price framework table.

Article 2. This Decision takes effect from the date of signature.

Article 3. The Ministers, Heads of ministerial-level agencies, Heads of government-affiliated agencies, Chairpersons of provincial People's Committees, and Chairpersons of municipal People's Committees directly under the central government are responsible for implementing this Decision.