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Vietnam's government has proposed changes to land acquisition rules to speed up housing and infrastructure development and support its target of achieving annual economic growth of at least 10% through 2030. Under the proposed amendments, authorities could acquire land and allow construction to begin before compensation and resettlement arrangements are fully completed. The changes follow delays to major projects caused by disputes between residents and developers over compensation. The government also plans to prioritise affected residents for new residential land in the same location and introduce clearer acquisition criteria and more transparent, data-based land valuation.
Vietnam's government has proposed changes to its land acquisition rules to speed up housing and infrastructure projects, allowing construction to begin before affected residents have received compensation under certain proposed provisions.
The proposal comes after several major projects faced delays because of disputes between residents and developers over compensation and resettlement. These include a Trump family-backed golf club in northern Vietnam and a plan to redevelop Hanoi's Red River corridor, which could affect up to 200,000 people.
Under the proposed amendments being debated by lawmakers this week, authorities would no longer have to wait for compensation plans to be approved and resettlement arrangements to be completed before land can be acquired and used for construction. The changes could be approved as early as October.
The government said the reform is intended to remove institutional bottlenecks and make land resources available for socio-economic development as Vietnam seeks double-digit economic growth.
Vietnam has set a target of achieving annual economic growth of at least 10% through 2030. The country is seeking to accelerate development before demographic changes begin to put pressure on its longer-term growth potential.
The proposed changes would also alter the approach to compensation. Instead of focusing only on financial compensation, the government wants the policy to place greater emphasis on helping affected residents rebuild their lives after their land is acquired.
Under the draft rules, people whose residential properties are acquired would receive priority when new residential land is allocated in the same location.
Land acquisition has remained a sensitive issue in Vietnam, with compensation negotiations sometimes continuing for years and disputes occasionally leading to protests.
The proposed reforms would also establish clearer criteria for land acquisition and change the way land prices are determined. The government plans to introduce more transparent, data-based methods for land valuation, which could provide a clearer basis for compensation and reduce disputes over pricing.
The changes are being considered as Vietnam attempts to accelerate infrastructure and housing development while addressing long-standing delays linked to land availability and compensation.
Source Reuters
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