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Update news Land Law
The amended land law draft states that when land-use purposes are changed within the residential land quota, residents may be exempt from land-use fees. For cases exceeding the quota, a fee ranging from 30 to 50 percent would apply.
“Maybe in this lifetime I’ll never own a house. Perhaps I’ll need to cultivate good deeds for many more lives to afford one, if house prices are so high,” said a young journalist in Hanoi who has a stable job and above-average income.
When revising the Land Law—a law affecting millions of people and hundreds of billions of dollars in investment—the first question isn’t which articles or clauses to amend. The broader question is: What is the ultimate goal of the Land Law?