The revised draft Land Law : implications for the business community

In regard to Vietnam, this paper summarizes the major changes between the current Land Law and the proposed draft Law and the potential impact on business activities. The contents include: mechanisms to determine pricing of Land Use Rights (LUR); stipulations on ownership of land; rights of land users under different leasehold terms; land-lease tenure; site clearance costs and rent; land planning, allocation, lease, pricing and LUR revocation; capital-gains tax; other specific recommendations; and other changes that positively affect the business environment.