Decree No. 06/2001/L-CTN promulgates the Law Amending and Supplementing Certain Provisions of the Land Law which was adopted by the National Assembly on June 29, 2001. This Decree stipulates the implementation and application of new provisions in the field of land.
Key points
- Individuals and businesses → are entitled to use land in accordance with the amended Land Law, including buying, selling, transferring, leasing, inheriting, and contributing land use rights as capital.
- Competent state agencies → must carry out procedures for issuing certificates of land use rights according to the new provisions of the Land Law.
- Individuals and businesses → shall not transfer land use rights before fulfilling their financial obligations to the State regarding land.
- Individuals and businesses → must comply with the provisions on land prices and compensation, support, and resettlement under the amended Land Law.
- Individuals and businesses → benefit from administrative reform in the field of land.
🌐 Social impact of this document
- Positive impact: Reducing legal costs and time burdens for individuals and businesses when conducting transactions related to land use rights.
- Negative impact: May increase financial pressure on individuals and organizations that have not fulfilled their financial obligations to the State regarding land.
❓ Frequently asked questions
What should individuals do when buying or transferring land use rights?
Individuals must comply with the provisions of the amended Land Law, including completing their financial obligations to the State regarding land before conducting transactions.
Are there any changes to land prices and compensation, support, and resettlement in the amended Land Law?
The amended Land Law specifies the determination of land prices and compensation, support, and resettlement according to each type of land and region.
Which agency is responsible for issuing certificates of land use rights?
Competent state agencies, specifically the Department of Natural Resources and Environment or equivalent local agencies, will issue certificates of land use rights.
When must individuals complete their financial obligations to the State regarding land?
Individuals must fulfill their financial obligations to the State regarding land before conducting transactions such as buying and transferring land use rights.
Are there any changes in administrative procedures related to land?
The amended Land Law has reformed some administrative procedures to reduce steps and time for conducting transactions related to land use rights.
Full text
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PRESIDENT OF THE SOCIALIST REPUBLIC Respectfully submitted to: Hanoi Stock Exchange |
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