VCCI to Collect Opinions for Amended Land Law

The Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Ministry of Natural Resources and Environment will organise a meeting to collect consultations of enterprises for amended Land Law in Hanoi on October 9, 2012.

 

The draft of the amended Land Law is being prepared by the Ministry of Natural Resources and Environment in replace of the Land Law 2003. This draft law will be submitted to the upcoming meeting of the National Assembly slated for October 2012 and ratified in the fifth plenary meeting in May 2013. The new law will focus on such issues as land revocation mechanism, land handover without land-use money collected, land handover with land-use money and rents collected, land price-defining prices, mortgage of land and properties attached to land at foreign banks to borrow money, and land dispute settlement.

 

This is a significant legal document with a huge impact on the society, including the business community. Therefore, the purpose of the workshop is to collect opinions of the business community, which is directly impacted by the new Land Law.