The Ministry of Natural Resources and Environment has said that the draft revised Land Law has eight important new points, such as institutionalizing the policy on abolishing land price brackets; introducing mechanisms and methods to determine land prices according to market principles; and establishing a synchronous legal corridor to shift the focus from administrative-heavy management methods to the use of economic tools to manage and regulate land relations, among others.
On August 8, while working with the Ministry of Natural Resources and Environment on amending and supplementing the Land Law, National Assembly (NA) Chairman Vuong Dinh Hue emphasized that the revised law is extremely important and the draft will be considered and discussed by the NA at three sessions, not at one session, as with other bills. The goal is to complete the adjustments of related laws next year.
Deputy Prime Minister Le Van Thanh told a meeting of the Steering Committee reviewing the implementation of the Land Law and developing a project to amend the Land Law that the Ministries of Foreign Affairs, National Defense, and Public Security have been asked to further study regulations on granting land access to foreign organizations and individuals.
The revised Land Law will be discussed by the National Assembly (NA) in its upcoming October and May sessions and approved in the October 2023 session. The draft will introduce regulations on land prices according to market principles and a shift from administrative-heavy management methods to the synchronous implementation of economic, planning, and administrative tools to regulate land relations.
Under a Decision signed by the Chairman of the Quang Nam Provincial People’s Committee Le Tri Thanh on June 20, more compensation and support policies will be offered to households and individuals whose land has been recovered for construction projects. Those subject to the Decision include households and individuals with gardens or ponds within housing land plots not recognized as residential land under the provisions of Clause 6, Article 103, of the Land Law.
