25 C
Ho Chi Minh City
Tuesday, October 20, 2020

Environment Minister: Land Law disallows foreign ownership of land

Must read

Two more imported cases of Covid-19 reported

HCMC – The Health Ministry has just confirmed two fresh Covid-19 patients, who were quarantined after entering Vietnam, sending the country’s total infections to...

Saigon Times blood drive attracts over 230 donors

HCMC - More than 230 local and foreign blood donors joined a blood donation program, which was jointly held by the Saigon Times Group...

Bluechips drive up main index

HCMC – Despite strong selling pressure, bluechip stocks performed well, sending the benchmark VN-Index on the Hochiminh Stock Exchange up to mark a six-day...

HCMC to donate VND1.3 billion to three flood-hit provinces

HCMC – The HCMC Party Committee has approved a plan of sending a working team to central localities hard hit by Storm No.6 and...
HCMC – The Land Law disallows the issuance of land use rights certificates to aliens, Minister of Natural Resources and Environment Tran Hong Ha told reporters on the sidelines of the National Assembly session on May 25.

In response to the Ministry of National Defense’s concern over the large number of prime land lots in Danang City being owned by Chinese nationals, Ha insisted that the Land Law bans the granting of land use rights certificates to foreign nationals. Foreign enterprises will be governed by the Investment Law and the Law on Housing rather than the Land Law when it comes to dealing with land issues.

“The Land Law contains no provisions related to the issuance of land use rights to aliens,” Ha noted.

The Danang Department of Natural Resources and Environment had earlier offered a solution, Ha noted, adding that he was willing to provide written responses if the public remains concerned about the issue, the local media reported.

Meanwhile, Minister of Planning and Investment Nguyen Chi Dung told reporters on the same day that it is necessary to tighten control over foreign ownership of land, especially that of significant importance to national defense.

As for foreigners’ rights to land in prime sites, Minister Dung also stated that local authorities must manage and handle the problem.

The ministry is studying rights to land owned by foreigners and will introduce new directives, he said.

Earlier, the Ministry of National Defense said in a report that as many as 134 Chinese firms were active in Vietnam, using a total area of 162,467 hectares of land.

In Danang City, some 135 coastal land lots were held by Chinese-invested firms between 2011 and 2015.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Two more imported cases of Covid-19 reported

HCMC – The Health Ministry has just confirmed two fresh Covid-19 patients, who were quarantined after entering Vietnam, sending the country’s total infections to...

Saigon Times blood drive attracts over 230 donors

HCMC - More than 230 local and foreign blood donors joined a blood donation program, which was jointly held by the Saigon Times Group...

Bluechips drive up main index

HCMC – Despite strong selling pressure, bluechip stocks performed well, sending the benchmark VN-Index on the Hochiminh Stock Exchange up to mark a six-day...

HCMC to donate VND1.3 billion to three flood-hit provinces

HCMC – The HCMC Party Committee has approved a plan of sending a working team to central localities hard hit by Storm No.6 and...

Deputy PM warns authories against being lax over Covid-19

HCMC – Deputy Prime Minister Vu Duc Dam ordered all levels of authority to maintain a strong sense of responsibility and remain extremely cautious...