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AGF ALT BBC RIC TRC PTC GTA SFI IFS PTS SMC FPT UNI PNC SSC VGP STB RCL S55 S64 S99 ILC SAP SCC SGH SD3 NHC SD5 SFN TCR SGC LTC VBH TDH SD6 SD7 SHC IMP TCT SD9 SJ1 SDA SJS TMC VID RAL ITA SDC REE SDT NAV KDC VC2 MCO VSP KHA NKD VIP VFR TPH VNR TXM PPC VTL KHP PAC DCT VNC VMC NSC LAF LBM DMC PVD MEC VNM PGC VPK PJT TLT PMS MPC CYC VSH LGC VTA NBC MCP SAF SAM COM VTB SAV NPS SJE SCD TMS NST CLC SDN SFC SSI NTP CII STC PAN STP PJC PLC SVC POT TNA TBC CAN TKU BTC DHA DHG DIC TS4 TTC PSC TTP TYA VTC SDY BBS BCC BHV DTC BMI EBS BTS VTS BVS HNM HAI HJS CID HLY CJC HSC CMC HTP CTB ICF DAC DNP DPC DRC DTT BBT BMC BPC BT6 MCV MHC GMC GMD HAP HAS HAX HBC HBD HMC HRC HTV ACB DAE BMP CTN VTV GIL SGD DXP FMC GHA VFC SJD VNE TNC ACL PVI SCJ PET VIC PVS ABT TSC HDC BTH C92 CDC DCS DST HCC HCT HEV HHC KBC KMF LUT MIC PGS PVC PVE SD2 SDJ SJC TJC TNG TST VC3 VC7 VCS VDL XMC CAP S96 SJM S12 VC5 QNC SRA ANV DPM DPR HPG HSI HT1 L10 LSS NTL PVT SC5 SGT ST8 TCM TPC UIC VHC VSC VTO ASP VHG VPL SBT DQC DXV PIT 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SSG TVD DTH PCG TIS KTS PNT D11 PIC PPS TSB HTS NKG FBA REN MCF CCL VCF PSG DIH VMA PXA PTB HU3 LMR HKP VIE C47 NDN PJS GSC IDI CI5 HOT THG TDS C21 JVC BGM BIC DNL KAL VTE SDI PGI VIM EIC IFC PVH BIO BSI CIG CVBS HBBS KEVS MSBS SASC SVN IVS MTV L14 GMX LCM TTN PPE SVT FLC MBB SAB HAB DVB CNG HHS AMC KHL GSP ASA NTW DRL GAS CTX MED ATC BHP BT1 CHC CMK DOP GCC HAL HQM ITQ MTC PXC STJ TVM UEM V45 VCN XMD LKW DHM SPI HU4 FCN VE8 BID SII CBVS FPTS MBSC TVSI SEAS VPBS VE4 PSE AGM PID SLS PTK TTZ SHA DHP HLD HAR NLG CQN FCM MWG PSD FIT NDX KSQ TVI HPI TVN THA VLD KLF SSN CLL PVP THS DVC PVB GLSC KSK NFC DTN PEN VCX VIN SPH VTX ABC QPH CEC CEO CNC KSG SCI AMD TA9 SKG DGC TVC BII QBS ASD NDF PRO VMI SFG CAV PTE VTH XPH E1VFVN30 TBD CK8 VRG TVS KTL CKG NCT GTC MFS TL4 VTJ HAH TTB CSV FID PBP RCD GSM MTM CDO G20 NHP NNG HKB DP3 KVC SHG DCM VT8 SAS SMN VAF DPS HVA CNH CKD SGR HHA ICN PDB MBG KPF DDV HPD ACM PCE TVB PMP ISH TNI TOP VPS BCG SDX MTA NQB C71 PSW PVO VGT LAI AGX DNW HNG ISG VLG VIETJET 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Party Central Committee urges sweeping changes to real estate market
Saigon Times - 25/06/2022 3:20:35 PM
The Party Central Committee has just issued a resolution demanding sweeping changes to the real estate market, applying progressive tax rates on those with large areas of land or properties with an aim to ward off speculation and develop the real estate market in a healthy manner.
Resolution 18-NQ/TW of June 16 issued by the fifth plenum of the Party Central Party required that higher tax rates be imposed on those people using large areas of land or owning multiple real estate properties, those speculating on land, failing to put land to use as scheduled, or leaving land idle.
The Party Central Committee urged relevant bodies to build laws and policies on land tax with reference to international norms but suitable to the domestic market development and conditions and with a feasible roadmap.
A fully-fledged legal corridor for the real estate market must be established, with the land use rights to be strongly commercialized. There must be policies to develop the market for land use rights, especially the market for farmland leasing, according to the resolution.
While stressing the need to apply higher taxes in such a way to prevent speculation on real estate, the Party Central Committee also demanded preferential land taxes and fees for poverty-stricken areas and for poor and policy people including ethnic groups.
The Party stated that people’s land use rights are protected by law, but reiterated that the land use rights are not the rights to ownership. Still, specific rules must be issued to protect the legitimate rights of land users and to prevent land-related corruption and inappropriate retraction of people’s land use rights.
According to the resolution, land can only be redeemed after schemes on compensation, support and resettlement are approved. For certain specific cases, resettlement must be done before land is retracted to ensure that the affected people have a decent living place with equal or better conditions than their old places.
The scheme for reconciliation and negotiation between the people and enterprises must be ensured when the latter seek to have land for housing or urban development.
The Party Central Committee required that amendments to the 2013 Land Law and some related laws be completed in 2023. By 2030, a synchronous legal system must be completed to prevent the wastefulness of land and to settle all land disputes that have been protracted due to historical reasons.
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