VN needs market of agricultural land

Agricultural land accumulation for large-scale production has been facing many obstacles, although the Government has pushed up the process by implementing several policies.

VN needs market of agricultural land
Agricultural land accumulation helps expand large-scale production. — Photo tapchitaichinh.vn

The market for agricultural land is at an early stage of development, with many barriers in terms of land management and incentive policies.

In fact, the Government had introduced incentive policies which attracted many businesses to invest into agricultural production and helped increase economic efficiency.

The mechanism of flexible conversion of agricultural land use purpose, especially the regulations related to changing crops on rice fields, had contributed to improving the effectiveness of cultivated land.

Issuance of land use rights to agricultural land had created favourable conditions for the land owners to participate in the market, which was an important factor to promote agricultural land accumulation.

Complicated procedures

However, there have still been some shortcomings in the process of land accumulation.

Overlapping laws and legal documents and cumbersome administrative procedures had hindered businesses.

Dau Anh Tuan, an expert from the Vietnam Chamber for Commerce and Industry (VCCI), said that the biggest concern of businesses in accessing agricultural land was administrative procedures.

The main reason was that the accessibility and accumulation of land by enterprises was limited. It was because domestic businesses were only allowed to lease land for agricultural production.

Meanwhile, foreign-invested businesses were also not permitted to receive transfers of agricultural land use rights, Tuan said.

Capital contribution by land use rights was not feasible at the moment, because the capital protection policies of investors were not clear and complete, he said.

Additionally, land prices set by the Government were lower than the real prices in the market.

They were only 20-30 per cent of the market prices.

Notably, the information on land use planning and mechanisms for calculating land prices was still unclear and not transparent, which easily leads to land disputes.

The legal documents were overlapping and inconsistent, confusing enterprises, said the expert.

 

This also delayed agricultural projects, which caused high costs and risks for investors, he said.

Policy system needs improving

Hoang Vu Quang, vice director of the Institute of Policy and Strategy for Agriculture and Rural Development (Ipsard), said: “In order to establish and develop a market of agricultural land, the Government should have sufficient land laws and supporting policies.”

“Besides, as per experiences of countries with fully-developed agricultural land markets, Vietnam needed institutions to provide infrastructure for transactions, such as an effective management system, funds and banks which have sufficient capacity for land fund development,” Quang said.

It was necessary to increase the public land lease term from five years to 20 years to encourage businesses to invest in long-term production, Quang said.

The Government should consider reducing or exempting taxes and fees for agricultural land use rights transfer and simplifying administrative procedures in agricultural land transactions, as well as setting up a monitoring mechanism for the land pricing and profit sharing between businesses and farmers in accordance with laws, he said.

Meanwhile, Tuan said: “The Government should develop an agricultural land market where rights and interests of sellers and buyers are guaranteed and information is transparent.”

“The Government also needs to complete and update the land registration system and speed up an establishment of the national agricultural land database,” Tuan added.

Nguyen Trung Kien, the Ipsard expert, said: “In many countries, they had institutions and organisations supporting the agricultural land market.”

The organisations rented land from farmers and then leased it to farms and businesses, Kien said.

In other countries, farmers had to pay high taxes for abandoned land or have unused land revoked, he added.

Thus, Vietnam should complete a system of agricultural land registration to help effectively manage the resource, the expert said.

A legal mechanism of capital contributions or bank mortgaging by land use rights must be set up soon, he said. — VNS

VN needs policies to develop agricultural land market

VN needs policies to develop agricultural land market

Vietnam was in urgent need of policies to develop a transparent and sustainable agricultural land market to attract more investment in the farming...

Institutional barriers restrict development of Vietnam farmland market

Institutional barriers restrict development of Vietnam farmland market

In spite of huge demand, the inefficient legal framework is making the process of land grouping difficult for all parties involved.

 
 

Other News

.
Nigerian drug trafficker arrested in Tay Ninh
Nigerian drug trafficker arrested in Tay Ninh
SOCIETYicon  03/08/2020 

Border guards operating in Tay Ninh province announced on August 2 they have apprehended a Nigerian national attempting to illegally transport drugs into Vietnam from Cambodia.

Survivors of trafficking will receive health insurance cards free
Survivors of trafficking will receive health insurance cards free
SOCIETYicon  03/08/2020 

Victims of human trafficking who are uninsured will be granted health insurance cards free of charge.

Vehicle licence plate auction possibly to be included in law
Vehicle licence plate auction possibly to be included in law
SOCIETYicon  03/08/2020 

Personal registration plates could soon be seen on motorbikes and cars nationwide, as a new law is being drawn up to allow people to buy exclusive numbers.

Doctor’s diary in locked down Da Nang hospital
Doctor’s diary in locked down Da Nang hospital
SOCIETYicon  03/08/2020 

A doctor from Da Nang C Hospital, Dang Van Tri, was working in the lockdown zone in Da Nang City as the COVID-19 pandemic spread in the community.

Da Nang field hospital rushes to completion
Da Nang field hospital rushes to completion
SOCIETYicon  03/08/2020 

A 300-bed field hospital in Da Nang is being completed to serve the rising number of Covid-19 patients.

Buon Ma Thuot City under lockdown after two new COVID-19 cases confirmed
Buon Ma Thuot City under lockdown after two new COVID-19 cases confirmed
SOCIETYicon  03/08/2020 

Authorities of the Central Highlands province of Dak Lak have applied social distancing measures in Buon Ma Thuot City which is home to three Covid-19 cases.

VN religious organisations cancel gatherings over COVID-19 outbreak
VN religious organisations cancel gatherings over COVID-19 outbreak
SOCIETYicon  03/08/2020 

Given the complicated developments following the latest COVID-19 outbreak in the central city of Da Nang, religious organisations nationwide have issued guidance on disease prevention and control, including the temporary halt of gatherings.

Latest Coronavirus News in Vietnam & Southeast Asia August 3
Latest Coronavirus News in Vietnam & Southeast Asia August 3
SOCIETYicon  03/08/2020 

 Health condition of 13 COVID-19 patients getting worse

HCM City to build plant variety, animal breeding centres
HCM City to build plant variety, animal breeding centres
SOCIETYicon  03/08/2020 

Farmers and experts have asked HCM City authorities to remove hindrances and create favourable conditions for residents to build greenhouses and breeding centres on agricultural land used to build nursery gardens.

Quang Ninh’s largest freshwater lake dries up
Quang Ninh’s largest freshwater lake dries up
SOCIETYicon  03/08/2020 

The largest freshwater lake in the northern province of Quang Ninh has seen the lowest water level for nearly 40 years.

Government social protection policy falls short: survey
Government social protection policy falls short: survey
SOCIETYicon  03/08/2020 

The Government's social protection support policy has struggled to prevent vulnerable people from falling into poverty and to protect those already poor from descending deeper into poverty due to COVID-19 pandemic, a survey has found.

Hanoi tests more than 50,000 people who returned from Da Nang
Hanoi tests more than 50,000 people who returned from Da Nang
SOCIETYicon  02/08/2020 

Hanoi authorities have traced more than 72,000 people who returned to the capital from Da Nang since July 8.

More suspects arrested in cross-border drug trafficking ring
More suspects arrested in cross-border drug trafficking ring
SOCIETYicon  02/08/2020 

Over 100kg of drugs were seized and 15 more suspects were arrested as a result of expanded investigation into a drug trafficking ring that transported drugs by sea from HCM City to the Republic of Korea.

Son La records 20 earthquakes over six-day period
Son La records 20 earthquakes over six-day period
SOCIETYicon  02/08/2020 

An earthquake measuring 3.6 on the Richter scale rocked Moc Chau district in the northern mountainous province of Son La at 5.31am on August 1, according to data collected by the Institute of Geophysics.

HCM City monitors public transport hubs, vehicles for COVID-19 safety measures
HCM City monitors public transport hubs, vehicles for COVID-19 safety measures
SOCIETYicon  02/08/2020 

The HCM City Department of Transport has set up response teams to supervise the implementation of COVID-19 prevention measures by road and water transport operators.

Checkpoints rolled out across Da Nang to halt spread of COVID-19
Checkpoints rolled out across Da Nang to halt spread of COVID-19
SOCIETYicon  02/08/2020 

Functional agencies operating throughout Da Nang have deployed seven additional checkpoints located at entrances to the city on July 31 in an effort to control all vehicles travelling in and out the central coastal city.

Hanoi braces for heavy rains until August 5
Hanoi braces for heavy rains until August 5
SOCIETYicon  02/08/2020 

The tropical storm is set to make landfall on Vietnam’s Red river delta and Thanh Hoa province tomorrow evening.

Vietnam successfully develops two sets of SARS-CoV-2 test kits
Vietnam successfully develops two sets of SARS-CoV-2 test kits
SOCIETYicon  02/08/2020 

The two test kits' development was based on the technological process of the US Centers for Disease Control and Prevention (US CDC), approved by the FDA (US Food and Drug Administration) in March.

All Hanoians returning from Danang test negative for Covid-19 via screening
All Hanoians returning from Danang test negative for Covid-19 via screening
SOCIETYicon  02/08/2020 

Hanoi has traced over 72,000 people returning from Danang since July 8, four times the initial estimate of 18,000.

Third death in a day related to COVID-19
Third death in a day related to COVID-19
SOCIETYicon  02/08/2020 

Another person has died with COVID-19-related complications, Vietnam's third death due to the disease in a day.

 
 
 
Leave your comment on an article

OR QUICK LOGIN