Speaking at a recent land-themed seminar, Assoc. Doan Hong Nhung from Faculty of Law - Vietnam National University, Hanoi, said after Vietnam joined WTO, the country has created a favorable business environment with many new investment opportunities for both domestic and international investors.
The expert pointed out that the value of land has increase through the transfer of land position, the purpose of using land - from agricultural to non-agricultural - to implement projects. Step by step, the country successfully carries out the shift of economy structure, from agriculture to trade and services.
"For investors, land is a special means of production, so owning land with a “golden position" means having advantages in production and business and, benefiting from the land transfer after investment," she said.
Through research and business practices, Assoc. Nhung said, the key to real estate development and attracting investors into real estate is the benefits gained through investment.
"The real estate price before and after project development may vary from 50 to 700 times," she emphasized.
Accordingly, she said in order to promote land transfer towards sustainable development, the government needs to have comprehensive solutions. The success of land transfer requires the coordination of many departments and agencies.
"Measures to promote land transfer towards sustainable development need the effort and sincerity of each individual and organization in the management, business, investment, trade, finance and banking mechanism, from central to local levels ", she stated.
