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Update news Land Law
The newly approved Land Law, Housing Law, and Law on Real Estate Business, which will take effect from 2025, are expected to create more favourable conditions for Overseas Vietnamese (OVs) in owning and trading real estate, according to experts.
The real estate market will not recover promptly as it will take more time for the new Land Law to be applied, according to experts.
The purpose of revising the law is to perfect the land-related legal system in line with the socialist-oriented market economic institution and international integration.
Prof Dang Hung Vo said Vietnam is taking a step forward with the policy that the lives of people whose land is taken back by the state to make room for investment and development projects must be equal or better than they were before.
People may be reluctant to buy apartments if the Ministry of Construction’s (MOC) proposal on setting a cap on apartment ownership term at 50-70 years is approved. Instead, they will seek to buy houses on land plots.
The Government has proposed a delay to a submission of the draft Law on Land (amended) to the National Assembly (NA) until the Party Central Committee issues directions on reforms of land-related policies and laws.
In order to reduce land conflicts, it is necessary to amend legal provisions and the way of implementing policies.
During a group discussion at the latest National Assembly session, President Nguyen Xuan Phuc said that many people got rich thanks to land, but many others have been imprisoned due to land.
In 2020, a number of public land scandals were brought to court and numerous government officials were found guilty.
President of Vietnam Soil Science Association Vu Nang Dung spoke about an alarming situation facing farming land in Vietnam.
The Land Law disallows the issuance of land use rights certificates to aliens, Minister of Natural Resources and Environment Tran Hong Ha told reporters on the sidelines of the National Assembly session on May 25.
Foreign nationals entering Vietnam are not granted land use rights as enjoyed by local citizens, according to a statement made by the Ministry of Natural Resources and Environment.
The Government has proposed adding eight draft laws in the 2020 law and ordinance building agenda of the National Assembly (NA),
National Assembly deputies on Monday voted to focus on laws and policies to prevent and fight child abuse.
VietNamNet Bridge – Nguyen Quang Thanh, deputy general of the State Audit Office of Viet Nam, speaks to Tiền Phong (Vanguard) newspaper about the key missions his agency will be focusing on in 2019.
The supervision group of the Hanoi’s People’s Council has asked the municipal Department of Natural Resources and Environment to work with the city’s authorities in order to reclaim long-delayed projects which violate the current Land Law.
VietNamNet Bridge – A Government decision with detailed mechanisms is needed for people to better practise their rights on monitoring land use and management, experts have recommended.
Director of the Institute of Policy and Strategy for Agriculture and Rural Development, Nguyen Do Anh Tuan, talks to Vietnam News Agency about the policy on the expansion of agricultural land limit and accumulation.
VietNamNet Bridge – Phan Xuan Dung, chairman of the National Assembly Committee for Science, Technology and Environment, talks to Thời báo kinh tế Việt Nam about the country’s science and technology level.
VietNamNet Bridge – Land management and usage in 30 cities and provinces across the country will be inspected from 2016 to 2020, according to a project approved on Monday by Prime Minister Nguyen Xuan Phuc.