Founder/Group CEO and Managing Director at ABC Retail Consultant, Real Estates and Financial Consultant.Chair and Board Directors.Professor.
Vietnam's revised land law won’t stop unfair land grabs: critics Opponents say corrupt officials and real estate companies will still benefit while the public suffers. But a former deputy minister of the Ministry of Natural Resources and Environment, Dang Hung Vo, said the fact that national and provincial officials have the ultimate say on land use is one of the main problems in the real estate sector. “We must have an effective mechanism because the current one is that the state decides everything,” he told Radio Free Asia on Thursday, adding that this leads to an inefficient housing market. The revised law specifies 32 instances where land can be taken by the state to serve socio-economic purposes. These must be public works projects such as the construction of government agency headquarters and public housing or land auctions to raise revenue for the state budget. https://lnkd.in/gJRHKbti
