Revised Draft Law On Land

The Ministry of Natural Resources and Environment recently released the second Draft of the Law on Land (Second Draft) to replace the first Draft of the Law on Land (First Draft).¹ The Second Draft mainly changes the structure of the chapters and specifies provisions to make it easier to comprehend. This update highlights some significant points of the Second Draft in comparison with the First Draft.

1. Land-Use Term of the Investment Projectst

The Second Draft removes the "land-use term of investment projects" provision and replaces it with the "adjustment of the project's land use term" provision. The consideration for adjusting the land-use term for investment projects before the expiration of the land-use term must satisfy certain conditions. The adjustment needs to be in conformity with the district-level annual land use plan or scheme. Furthermore, the following information needs to be submitted: a written request for adjustment of the land use term; and a