Land has long been recognized as one of the most valuable resources for economic growth. However, in the context of sustainable development and increasing investment demands, land governance must go beyond administrative management and focus on unlocking its long-term value as a strategic development resource. Resolution No. 21-NQ/TW, which sets out orientations for amending the Land Law and related legislation, reflects this new approach. Rather than emphasizing procedural administration alone, the Resolution promotes a modern, transparent governance framework that prioritizes efficient land use and sustainable value creation.
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Slower market liquidity, elevated borrowing costs, and tighter credit conditions are putting increasing pressure on real...
Prolonged land valuation procedures are becoming an important factor affecting the implementation timeline and actual op...
Foreign investment in Vietnam’s real estate market continues to grow, but investor preferences are becoming more selecti...
The Government’s Decree No. 326/2026 on location identification officially takes effect on September 1, 2026, introducin...
New regulations on administrative penalties for violations in the land sector officially took effect on August 31, 2026,...
Spiritual real estate, particularly cemetery and memorial properties, is emerging as a niche segment of Vietnam’s real e...
Clearly defining the useful life of apartment buildings could create additional housing options, with units subject to a...
The expansion of Ho Chi Minh City’s development space is creating significant new opportunities, but it is also bringing...
When housing costs rise beyond affordable levels, workers face greater barriers to accessing the city, as a significant...
One of the Resolution's most significant changes is the way land is perceived. Instead of viewing land merely as an asset to be managed, the new orientation recognizes it as a strategic resource capable of driving economic growth, attracting investment, supporting infrastructure development, and improving quality of life.
Under this approach, the value of land is no longer measured solely by its market price or immediate fiscal contribution. It is also assessed based on its ability to generate employment, facilitate urban development, enhance public infrastructure, and deliver long-term benefits to society.
In practice, many land parcels and development projects have experienced prolonged implementation, underutilization, or delayed construction, limiting the efficient allocation of valuable resources.
The Resolution therefore emphasizes monitoring the entire land-use lifecycle—from planning and land allocation to project implementation and operational performance. This comprehensive approach is expected to improve transparency while strengthening accountability among all stakeholders involved in land development.
Digital transformation is expected to become a key pillar of Vietnam's future land governance system. The development of an integrated land information database connected with planning, taxation, finance, notarization, and population databases will enhance management efficiency while simplifying administrative procedures.
With interconnected data, land transactions, valuation, and regulatory oversight can become more transparent, helping reduce speculation, prevent resource waste, and improve market efficiency.
Another notable aspect of the Resolution is its emphasis on balancing the interests of the State, businesses, and citizens. While facilitating access to land for investment and economic development, the policy also aims to safeguard public interests through sound planning, efficient land use, and sustainable development principles.
Financial instruments, land auctions, bidding mechanisms, and various land allocation models are expected to be further refined to ensure greater transparency, fair competition, and the efficient use of land resources.
For the real estate sector, the Resolution is expected to help remove institutional bottlenecks, improve resource allocation, and establish a stronger foundation for long-term market stability.
A modern land governance framework can accelerate project implementation, enhance transparency, strengthen investor confidence, and improve public trust in the market.
Ultimately, when land is utilized according to its highest and best use, it becomes more than a physical asset. It serves as a catalyst for economic growth, infrastructure expansion, urban development, and enhanced national competitiveness, contributing to Vietnam's long-term sustainable development goals.