Thu. Jan 9th, 2025


The 2013 Land Law (revised) officially came into effect on July 1,
helping ensure transparency and democracy in land management.

According to Dao Trung Chinh, deputy head of the Land Management
General Department under the Ministry of Natural Resources and
Environment, the new law covers several important changes that benefit
land users.

He noted that the new law contains
clear stipulations on land users’ rights to compensation and
resettlement assistance. More importantly, the law provides on fair
treatment for both domestic and overseas Vietnamese citizens, as well as
offers equal opportunities for Vietnamese and foreign investors,
enabling foreign investors to get involved in housing projects for
residence, lease or sale.

The new law also tightens
the land management and use, requiring property investors and
businesses to have adequate economic capacity to ensure the effective
use of land.

Regarding land acquisitions, the law
states that the activities must be done in a manner of transparency and
accountability and pay compensation in accordance with the laws.

In the case of delayed projects, the new law stipulates that the State
will revoke land without compensation, if investors do not use the land
24 months after their projects are licensed.-VNA

By vivian