Special 99-year land lease not in draft law on special economic zones

Special cases that could lease land up to 99 years for production and business in special economic zones will not be regulated in the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc.

special 99-year land lease not in draft law on special economic zones hinh 0
A corner of Phu Quoc island district 
This was agreed by the National Assembly Standing Committee and the Government after taking into account many aspects of the issue which caught interests and gathered a lot of ideas from NA deputies, people of all walks of life and voters nationwide, the National Assembly Office said in its announcement released on June 9. 

The draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc was debated at the ongoing fifth session of the 14th National Assembly in Hanoi.

The NA Standing Committee will submit the draft law to the legislature for consideration and adoption at the sixth session, according to the NA Office.

Earlier on June 9, the Government Office released an announcement saying it had asked the NA to delay the approval of the bill to have more time for research and completion until the next meeting.

The draft Law on Special Administrative – Economic Units has been built thoroughly to instutionalise the Party’s resolutions and the Constitution 2013 and create a legal foundation for the construction of the three aforesaid economic zones.

The bill had been deliberated at the fourth sitting of the 14th National Assembly.

At the ongoing fifth session, deputies, scientists, economists, experts and constituents actively contributed their opinions to the draft law.

The postponement aims to successfully build three special administrative-economic units towards ensuring national defense and sovereignty and meeting the aspirations of legislators, voters and people nationwide, according to the Government Office. 

Regarding the land lease duration, the Government will consider and submit to the National Assembly for adoption of regulations as prescribed in the Land Law without the regulation on a special land lease of up to 99 years in special economic zones.

Speaking on the sidelines of the National Assembly (NA)’s fifth session on June 7, Prime Minister Nguyen Xuan Phuc has affirmed that all ideas on the land lease period crafted in the draft Law on Special Administrative-Economic Units of Van Don, Bac Van Phong and Phu Quoc will be considered, and reasonable adjustments will be made to meet people’s aspiration. 
VNA

Related news