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Update news new laws
New provisions would allow the State to reclaim land if 75% of agreements are reached, addressing long-standing project deadlocks.
Local land price tables should avoid unrealistic pricing that is either too high, burdening businesses, or too low, causing budget revenue losses.
Legal experts criticize the draft law on thrift for infringing on property rights and creating bureaucratic overlap.
The Ministry of Finance (MOF) says that a proposal to not impose an additional land-use fee before August 1, 2024 falls under the authority of the National Assembly.
The new policy on land-rent exemptions and reductions is expected to ease difficulties, but it fails to address numerous previously qualified businesses, leaving many facing retroactive collections and trapped in debt.
As digital assets become increasingly popular in Vietnam, experts are calling for the urgent creation of a legal framework to protect users, manage risks, and boost state budget revenues.