Want to be in the loop?
subscribe to
our notification
Business News
PM HIGHLIGHTS IMPORTANCE OF REVISED DRAFT LAND LAW AND HOUSING LAW
Prime Minister Phạm Minh Chính emphasised the significance of the revised draft Land Law and Housing Law, which are complex and sensitive with a far-reaching impact on a large scale, and stressed the need for the Government to pay close attention to ensure their quality and progress.
PM Chính commented while chairing the Government’s meeting on collecting public opinions on the revised draft Land Law to submit to the National Assembly (NA) and the absorption of the NA Standing Committee’s ideas on the revised draft Housing Law (revised) on Monday.
The Ministry of Natural Resources and Environment reported that as of April 8, 2023, it had received more than 12 million comments on the revised draft Land Law, with the majority of comments focusing on compensation, resettlement, land allocation, land lease, change of land use purpose, and land use plans.
The ministry has collected people's opinions as part of gathering comments.
At the meeting, Government officials discussed key issues that gained the public’s interest, including land acquisition for socio-economic development for national and public interests; compensation and resettlement when the state recovers land; and land allocation, land lease, and land prices.
Delegates addressed issues related to the renting right in the annual land lease contract, the recovery of land for national defence and security, forms of land allocation or land lease to public units, and land use for socio-economic development projects through the agreement on land use rights.
The government also discussed the issuance of certificates for the absence of documents on land use rights; and the handling of land for national defence and security.
Regarding the revised draft Housing Law, the discussion focused on regulations on ownership of apartments, especially regulations on ownership of apartments with a limited time term, land use rights associated with houses owned by foreign individuals in Việt Nam, forms of land use for commercial housing development, and policies on social housing for workers, low-income earners and armed forces.
At the meeting, PM Chính emphasised that the revision process of the draft Land Law (revised) and Housing Law (revised) must maximize resources from the land for development; ensure harmony between the interests of the State, people, and enterprises; strengthen decentralisation and resource allocation; improve the execution ability of subordinates; clarify the scope of authority of each level; minimize administrative procedures and create favourable conditions for people and businesses to access land.
The Prime Minister also called for promoting digital transformation in land management, combining digital transformation in land management with digital transformation in population management and population database, reviewing the provisions of the revised Land Law with other laws, and selectively acquiring international experience suitable for Việt Nam's conditions.
Chính said the NA Standing Committee's viewpoint on the draft revised Housing Law was also considered, with a need to analyse the pros and cons of each option and clarify the government's stance on the selected option.
In particular, the differences between apartment ownership and the right to use the apartment were highlighted, along with the legal basis of these issues.
The stability of the law regarding land use rights associated with homes owned by foreign individuals in Việt Nam was also emphasised, with the contents remaining the same as Resolution No.18-NQ/TW.
PM Chính called for the supplement and clarification of regulations on incentives for investors and responsibilities of entities related to the development of social housing, low-income earners and armed forces.
These measures aim to make financial sources transparent and encourage investment while being consistent with the provisions of the law on State budget, public investment, and bidding, he said.
Chính requested the Ministry of Construction to organise working groups in localities to review and remove difficulties for social housing projects based on the practical improvement of policies for general application.
He asked the ministries to seriously and fully absorb the opinions of the Government members and public opinions to complete the laws.
Deputy Prime Minister Trần Hồng Hà has been assigned to oversee the completion of the laws. The Ministry of Justice, the Government Office, and relevant ministries and sectors will continue to coordinate in finalising and submitting documents to ensure progress and quality.
Source: VNS
Related News
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA
Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.
TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION
Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.






















