Vietnam Fast-Tracks Land Law Implementation to Spur Economic Growth
Hanoi Accelerates 2024 Land Law Rollout, Pilots Groundbreaking Policies
Vietnam's Land Finance Overhaul: New Decree Seeks to Streamline Fees, Rent
Aimed at promoting transparency and easing burdens for businesses, Vietnam's government proposes a revised decree to address complexities in land use fees and rental policies.
Ba Ria-Vung Tau to auction land plots for commercial use
Huge demand exists for land in the southern province for trade and services.
57 localities connect land data with national database
National database expected to be completed in June.
Quang Ngai to auction more than 36,000 sq m of land
The Quang Ngai Provincial People’s Committee has decided to auction land use rights for more than 28,000 sq m in a residential area project north of Huynh Thuc Khang Street in Quang Ngai city, for the construction of commercial housing projects. The central province previously announced the auction of land use rights for 53 plots of land in the Go Dua Residential Area in Duc Pho town, with a total area of nearly 8,000 sq m.
Budget revenue from land and personal income taxes exceed plans
The Ministry of Finance has said that of the five revenue sources that exceeded estimates in the first nine months, the collection of house and land taxes did so by 18.4 per cent and the collection of personal income taxes by 8.8 per cent. However, many analysts believe that budget revenue from land is still quite low compared to many other countries.
Taxation to curb land speculation
In regard to the draft revised Land Law, the Ministry of Natural Resources and Environment (MoNRE) has said that it will not tax those with many houses but on the use of the land. High tax rates will be imposed on speculators who buy land and projects but then do not invest, instead waiting for the market to increase to sell for profit.
Deputy PM approves plan to simplify procedures
Deputy Prime Minister Le Van Thanh has approved a plan to reduce and simplify regulations relating to business activities within the scope of the State management functions of the Ministry of Natural Resources and Environment, with a roadmap for implementation from 2022 to 2025.
Lotus Cam Ranh project must pay additonal land costs
After reviewing an appraisal from the Provincial Land Price Appraisal Council, the Khanh Hoa Provincial People’s Committee has determined that due to adjusted land use fees and land rentals, the total additional amount the investor of The Lotus Cam Ranh project must pay is VND354 billion ($15.5 million).
Legal documents regarding land to be completed
At a conference reviewing work in 2021 and implementing plans for 2022, the Vietnam General Department of Land Administration said it will continue to focus on perfecting land law policies this year, in particular completing amendments to the 2013 Land Law. Vietnam has measured and mapped over 77 per cent of its total natural area to date.
Draft Land Law attracts comment
Commenting on a revised draft Land Law, localities still have different opinions on factors relating to the rights and responsibilities of land owner representatives and the responsibility of State management over land, land use planning, land recovery, compensation, and price determination.
Dong Nai hands over 200 ha of land for Long Thanh airport project
The southern province of Dong Nai has handed over nearly 200 ha of land to the Southern Airports Authority for implementation of the Long Thanh International Airport project, on a planned area of 5,000 ha. The first phase has acquired 1,500 ha of the 1,800 ha needed.
Binh Phuoc to reclaim land for 954 projects in 2022
Southern Binh Phuoc province will reclaim 26,300 ha of land next year to develop 954 projects serving national defense and security and socio-economic development. It will also change the land use purpose of 105 ha of rice and forestry land.
Dak Nong to recover thousands of hectares for projects
The central highlands’ Dak Nong province plans to recover land or change the land use purpose for 235 socio-economic development projects to be implemented in 2022 on a total area of more than 4,380 ha, including a number of solar power and wind power projects, bauxite mines, commercial - service areas, and urban areas.
NA passes Resolution on national land use planning
A Resolution on national land use planning for the 2021-2030 period and vision to 2050, approved by the National Assembly (NA) on November 13, requires amendments to the Land Law and related laws to ensure consistency in improving the efficiency of land management and use, with criteria to soon be issued allowing the conversion of rice and forest land use purposes.
Quang Nam adds to land acquisition project lists
Central Quang Nam province recently added 51 lists of land acquisition projects, with 37 lists using State budget capital on a total area of 115.16 ha and 14 lists using non-State budget capital on a total area of 231.62 ha. The province has boosted the reform of administrative procedures relating to land to promote quick and effective investments.
Hanoi needs to get most out of Red River
Hanoi has failed to pay adequate attention to the vast area along the Red River. It has become time for the city to use the potential the river possesses and make it a symbol of Hanoi.
Extensions to land leasing fees and taxes beneficial
As of the end of September, businesses had been granted extensions on the payment of more than VND78.5 trillion ($3.45 billion) in land leasing fees and taxes under a decree from the government. This helped them boost liquidity and regain financial capacity amid Covid-19. It is expected that extensions on land leasing fees and taxes under the decree will total VND115 trillion ($5.06 billion).
More than 570 ha of land unused in Vung Tau
More than 570 ha of land is unused in Vung Tau city in southern Ba Ria-Vung Tau province, including alluvial land along rivers, the sea, and sandy beaches. It is expected that, by 2030, the city will no longer have any unused land.
Suburban land receiving attention
According to experts, real estate remains a sustainable investment channel amid the pandemic because demand for housing is always high. Suburban land is gaining attention because the concept of a green, safe, living space that is close to nature is becoming popular, especially during the pandemic.