THE BUSINESS INFORMATION CENTER AT THE VIETNAM CHAMBER OF COMMERCE AND INDUSTRY

September 2003

   

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Issue No. 22
Access to land
:: Article  :: Viewpoints
 

Issue No. 21
The state capital
investment corporation
:: Article  :: Viewpoints
 

Issue No. 20
Streamlining the
business startup process
:: Article  :: Viewpoints
 

Issue No. 19
Effective Implementation of the new Enterprise and Investment Laws
:: Article  :: Viewpoints
 

Issue No. 18
Starting a business in Vietnam
:: Article  :: Viewpoints
 

Issue No. 17
Streamlining
Business Licensing
:: Article  :: Viewpoints
 

Issue No. 16
Women's entrepreneurship
:: Article  :: Viewpoints
 

Issue No. 15
Private Credit Bureaus
:: Article  :: Viewpoints
 

Issue No. 14
Efforts in improving business environment
:: Article  :: Viewpoints
 

Issue No. 13
Corporate governance
:: Article  :: Viewpoints
 

Issue No. 12
The common investment law
:: Article  :: Viewpoints
 

Issue No. 11
Private sector firms
:: Article  :: Viewpoints
 

Issue No. 10
The unified enterprise law
:: Article  :: Viewpoints
 

Issue No. 9
Investment incentives
in Vietnam
:: Article  :: Viewpoints
 

Issue No. 8
Business Environment in Vietnam - Overview 2004
:: Article  :: Viewpoints
 

Issue No. 7
Business Development Services
:: Article  :: Viewpoints
 

Issue No. 6
Local governance
& Economic growth
:: Article  :: Viewpoints
 

Issue No. 5
SOE Valuation
:: Article  :: Viewpoints
 

Issue No. 4
Corp. Social Responsibility
:: Article  :: Viewpoints
 

Issue No. 3
Trademark protection
:: Article  :: Viewpoints
 

Issue No. 2
The stock market
:: Article  :: Viewpoints

 

Issue No. 1
The revised draft Land Law
:: Article  :: Viewpoints

 

 

VIEWPOINTS
 

Rights of land users under different leasehold terms

 

  • I think the stipulation that gives more rights to the land-user who is allocated land and pays a land-use fee compared to the land-user who rents land on an annual basis is fair, because in the former case, the land-user has to pay the entire fee up front for the entire lease period. The lease price in this case should be lower than, or at most equal to, the land-user who leases land annually. This way, businesses will be able to choose the type of leasehold they prefer, based on their own cash flow. Personally, I prefer land allocation and paying the entire fee up-front; I just include that amount into calculating my initial investment, and then am able to proceed with my long-term investment plans with confidence. The State also benefits because it receives money quickly and can make long-term land plans.

Mrs. Ha Thi Vinh Director of Quang Vinh Ceramics Co. Ltd. (Simco)


  • Both the current Law and the revised draft Law make stipulations on the various types of land allocation and land lease, with various rights and conditions attached. These stipulations are too complicated [to understand], even for government officials, and therefore create room for corruption in implementation. The State should consider adopting land lease as the single way for businesses to obtain land, and lessees in all cases should have the same rights with regard to the land. In [remote] regions where there are economic development issues to consider, the State could adjust lease prices accordingly; for example, the rental price for agricultural land could be subsidized or even be nil [in remote areas].
     

Dr. Le Xuan Ba Vice Director, Central Institute of Economic Management


  • Position Paper on Land and Tourism submitted by the Land and Tourism Sub-group to the Vietnam Business Forum, June 2003:
    All land users should have the same rights because even for those paying rent annually, if they sublease or contribute LURS as assets, the price would be adjusted by the parties in any case to take into consideration the annual rental.


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Publisher: Dao Tuan Dung - Director of BIZIC - VCCI
Office: 5th floor - International Trade Center - No. 9 Dao Duy Anh Str., Hanoi
Tel: (84-4) 574 3084 - Fax: (84-4) 574 2773 - E-mail: vcci@hn.vnn.vn