LSX Lawfirm will give you an article about: “Land use principles foreign investor need to know in Vietnam”, as follows:
Legal grounds
Land law 2013
Some definitions related to objects to land use in Vietnam that foreigners do not know
Accordingly, the State allocates land use rights (as the State allocates land) means that the State issues decisions on land allocation to grant land use rights to subjects having land use demand.
In addition, the State leases land use rights (as the State leases land) means that the State decides to grant land use rights to subjects having land use demand under contracts on land use rights lease.
Transfer of land use rights means the transfer of land use rights from one person to another by ways of exchange, transfer; inheritance or donation of land use rights, or contribution of land use rights as capital.
Land use principles foreign investor need to know in Vietnam
Firstly, compliance with land use master plans and plans, and use for proper purposes.
- Land use master planning is the arrangement and use of different types of land. Land use planning is usually carried out in stages of 5 years or 10 years; depending on the development requirements of each period and each period of each territory.
- In addition, land use purpose is the way in which the State classifies land and requires managers to comply with regulations when allocating land; leasing land; granting land use right certificates; etc., land users have the obligation to use the assigned land for the right purposes stated in the land allocation or land lease decision.
Secondly, economy, effectiveness, environmental protection, and causing no harm to the legitimate interests of adjacent land users.
From an economic point of view, land is the national property; the main means of production, the object of labor and also the product of labor. Land is the ground for the development of the national economy. In addition, land is an asset of nature, a precious gift and plays an extremely important role for humans.
From an economic point of view, land is the national property, the main means of production, the object of labor and also the product of labor. Land is the ground for the development of the national economy.
So, it is important and it is also principles foreign investor need to know in Vietnam.
Thirdly, land users may exercise their rights and perform their obligations within the land use term in accordance with Land Law 2013 and other relevant laws.
You can refer to these article:
Is the foreign organization a land user?
Can foreigners inherit land under a will?
Conditions for foreign investors do real estate business services
Objects to land use in Vietnam that foreigners do not know
Related questions
What means of land parcel?
Land parcel means a land area delimited by boundaries determined in the field or described in records.
What means of land use plan?
Land use plan means the division of a land use master plan according to periods of time for implementation during the period of the land use master plan.
What means of land use master?
Land use master plan means the distribution and zoning of land by use space to serve the objectives of socio-economic development, national defense, security, environmental protection and climate change adaptation based on the land potential and land use demands of all sectors and fields, for each socio-economic region or administrative unit in a given period of time.
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