WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Real estate
NA approves Land Law amendments
22:29, 2013/11/30
The National Assembly (NA) adopted the revised Land Law with 89.96% of votes on November 29.
In the adopted Land Law, land acquisition must follow regulations in Articles 61 and 62, and districts’ annually approved plans on land use and projects' land use.

The NA will make decision on land acquisition related to national key projects while the Prime Minister will decide land acquisition for industrial, processing, hi-tech and economic zones, new urban areas and projects funded by official development assistance (ODA).

The PM will also have a say in projects on developing national technical infrastructure, including transport, irrigation, drainage, power, communication, oil and gas storage and transmission system, national stockpile and waste collection and disposal facilities.

The Provincial People’s Councils are authorised to approve land acquisition for projects on building offices for State agencies, political and social organisations, classified cultural and historical relic sites and landscapes, parks, squares, monuments, memorials and local public works.

They can also make decisions on projects to build local technical infrastructure, including transport, irrigation, water supply, drainage, power, communication, urban lighting, waste collection and disposal, community works, resettlement, accommodation for students, social and public houses, religious construction works, public refreshment facilities, markets, cemeteries and funeral houses.

In addition, they can acquire land for building new urban and rural areas, improving urban facilities, residential areas, industrial clusters, processing and producing agro-forestry products and seafood, developing protective and special forests and implementing licensed mineral extracting projects.

The amended Land Law defines that authorised State agencies can set land prices. The Provincial People’s Committees can set the prices which are based on consultations of provincial land managing agencies, information and studies about the land and the market prices.

The Government will issue a land price frame every five years for each type of land in different regions. If the market prices fluctuate over 20% lower or higher than those in the frame, the Government will adjust the frame appropriately.

Other news
16:35, 2024/10/22
New international brands diversify Hanoi hotel offerings
Hanoi's hotel market is also experiencing a decline in rental rates amid the seasonal lull in tourism and leisure activities.
20:57, 2024/10/21
Hanoi set to deliver new luxury apartments this quarter
Over 19,000 new apartments were delivered in the first nine months of this year, surpassing the total supply in 2023.
20:10, 2024/09/25
Hanoi's real estate market soars: Apartment transactions up 101%
The mid-range segment in Hanoi will continue to play a significant role in supply.
18:57, 2024/08/24
Hanoi to add 8,300 apartments to social housing reserves by 2029
Along with relieving housing pressure in central urban areas, the new social housing projects will also help to expand residential zones beyond the city's borders.
16:10, 2024/08/05
Hanoi real estate market: Developing in right direction
The price increase for apartments in Hanoi in the first half of 2024 compared to the beginning of 2023 is 31%.
15:54, 2024/08/03
Property prices in Hanoi, Ho Chi Minh City driven by speculators: experts
Specialists expect that new legislation will help to tighten market control and thus bring prices down.