What happensPolicy allows the city to capture part of the increase in land value around stations to offset the cost of the line. In practice, the implementing body cannot work out how much is to be collected.
Why it happensThe mechanism is complete at the level of the law and the People’s Council resolution, but the document that quantifies it is missing at the bottom layer. There is a second mismatch: the TOD plan must be approved first, yet the TOD plan depends on a fixed alignment and station locations — while the line is still being redesigned.
Governing instrumentsLuật Thủ đô 02/2026/QH16 Article 12 · NQ 188/2025/QH15 · Hanoi: NQ 71/2025, NQ 66/2026, NQ 67/2026 · HCMC: NQ 21/2026 (replacing NQ 38/2025 from 19 June 2026), NQ 90/2025
What to doDraw the accounting boundary between the line project and the TOD project from the outset. For Hanoi, watch the Official Gazette for the resolution on the TOD advantage coefficient the moment it is issued — until it exists, every TOD revenue figure is an internal estimate and does not belong in a formal financial plan.