1. Land Law 2024 abolishes land price framework, land price determination method, and land use conversion

Land prices are determined by five new methods: comparison, collection, surplus, land price adjustment coefficient and the Government shall prescribe other land valuation methods other than the above four methods after receiving approval from the National Assembly Standing Committee. In particular, land valuation must ensure market principles.

2. Red book has a new name from August 1

The red book issued to people will have a new name: Certificate of land use rights and ownership of assets attached to land.

Red books with old names, issued before the effective date of the 2024 Land Law, have the same value as the new red books and are still legally valid, and do not need to be exchanged for new books. People who want to exchange their books will be met by state agencies.

3. Land without land use documents before July 1, 2014 is granted a red book

Households and individuals who have used land stably before July 1, 2014 without documents on land use rights, have not violated land laws, are not in cases of land allocation beyond authority and are now confirmed by the People's Committee (PC) at the commune level to have no disputes will be granted a Red Book.

4. No more land allocation to households

When a state agency allocates or leases land to a household for compensation, support, or resettlement, it must specifically record the individuals who are members in the decision.

5. Add more provisions for people whose land is recovered

Diversify compensation for people whose land is recovered through 4 forms: Allocating land with the same purpose of use as the recovered land; Cash in case there is no land to compensate people in need; Land with a different purpose of use than the recovered land and Housing.

The approval of compensation, support, resettlement plans and resettlement arrangements must be completed before land acquisition.

Additional provisions on other support for people whose land is recovered include: Support for relocation of livestock; Support for dismantling, demolishing, and relocating assets attached to land that are construction works under construction permits with a term according to the law on construction, but by the time of land recovery, the permit has expired.

6. Add more cases of exemption and reduction of land use fees

The 2024 Land Law has added a number of cases of exemption or reduction of land use fees such as Land for parking lots, maintenance workshops serving public passenger transport activities; Land for construction of above-ground works serving the operation, exploitation and use of underground works; Land for construction of railway industrial works; Use of land other than national defense and security land for national defense and security purposes of military and police enterprises, etc.

7. Expanding the limit for receiving transfer of agricultural land use rights

In order to facilitate agricultural land users to convert the purpose of crop and livestock production, and improve the efficiency of agricultural land use according to planning, the 2024 Land Law has removed the regulation that households and individuals not directly engaged in agricultural production are not allowed to receive transfers or gifts of rice-growing land use rights.

8. Increase the limit on agricultural land transfer

The 2024 Land Law stipulates that the limit for receiving the transfer of agricultural land use rights of individuals is no more than 15 times the limit for agricultural land allocation of individuals for each type of land instead of 10 times as before.

9. Agricultural land recovered is compensated with residential land/house

Households and individuals whose agricultural land or non-residential non-agricultural land is recovered but are eligible for land compensation as prescribed in Article 95 of this Law and have a need for compensation in the form of residential land or housing and the locality has conditions for residential land and housing funds shall be compensated by allocation of residential land or resettlement housing.

10. Supplementing the authority to resolve land disputes of Commercial Arbitration

Disputes between parties arising from commercial activities related to land shall be resolved by the Court in accordance with the provisions of the law on civil procedure or by the Vietnam Commercial Arbitration in accordance with the provisions of the law on commercial arbitration.

  Lawyer Nguyen Thanh Ha - Chairman of SBLAW Law Firm