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Investors in need of land for new projects

Update: June, 06/2015 - 10:45
Their request noted that whenever investors fail in negotiations to secure land from all the residents of a block, projects languish for more than ten years or so, even though investors have secured 70 per cent of the land needed. — File Photo
HA NOI (VNS) — Ha Noi authorities have asked the Ministry of Natural Resources and Environment (MONRE) to forward their request to the Government to allow them to help investors secure land for projects.

Their request noted that whenever investors fail in negotiations to secure land from all the residents of a block, projects languish for more than ten years or so, even though investors have secured 70 per cent of the land needed.

It is often seen that residents who refuse to yield live scattered across a block. This makes it impossible for investors to start any part of their projects. As a result, whatever land investors managed to secure until then lie wasted for weeds to claim.

In their proposal to the MONRE, the city authority has said that in cases where investors have managed to secure 70 per cent of the land required for projects, it will help hold meetings and negotiations with residents who refuse to let go of their land.

If residents refuse to give their land even after 30 days since the meeting, the authorities will seek the Government's permission to allow it to direct the city's Land Stock Development Organisation to clear the remaining land (from residents who are unwilling to give them) and pay them compensations.

The city authorities have mentioned other issues as well in their document.

It has proposed that while granting land-use rights certificates and registering changes in land-use rights, the city's Office for Land Use Right Registration should be appointed as the authority that measures lands.

The document also touches upon conflicts in certain laws. The recently-issued Land Law 2013 says that the lease and allocation of lands for economic development projects must be done through auctions to select investors and not through the appointment of investors.

However, Government regulations hold that the results of the selection of investors shall be the premise for allocating and leasing land. — VNS


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