The Government has recently issued Decree No. 326/2025/ND-CP, which provides detailed regulations and guidance on the implementation of Articles 22 and 23 of the National Assembly's Resolution No. 222/2025/QH15 dated June 27, 2025 (Resolution 222), on land and environmental policies within the newly-established International Financial Center (IFC) in Vietnam.
The decree regulates the process of land allocation, leasing, and conversion of land use purposes within the IFC.
Accordingly, Chairpersons of the People's Committees of Ho Chi Minh City and Da Nang City, where the IFC is headquartered, to decide land allocation and leasing, land right use conversion, extension of land use duration, and adjustment of land use terms for members of the IFC who undertake investment projects in the IFC as stipulated in Clause 1, Article 22 of Resolution 222.
The land management authorities in Ho Chi Minh City and Da Nang are responsible for issuing certificates for initial land use rights and property ownership attached to the land to IFC members.
The Chairpersons of the People's Committees, land management authorities, tax authorities, and financial agencies in Ho Chi Minh City and Da Nang are tasked with executing the procedures for land allocation, leasing, land use conversion permissions, land use duration extensions, and issuance of certificates for initial land use rights and land-attached property ownership as per land law.
An investment registration certificate will serve as a basis for land leasing and land use conversion. Individuals receiving the transfer of land use rights and assets attached to the land when handling collateral assets mortgaged by economic organizations or foreign-invested enterprises at foreign credit institutions must belong to the subjects specified in Article 28 of the Land Law.
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