What cases are encouraged to invest in land according to the latest Land Law?
In which cases are people encouraged to invest in land according to the latest Land Law? The issue of concern of Mr. Dinh Van Dung (Do Luong, Nghe An).
Reply:According to Article 8 of the 2024 Land Law, the following cases are encouraged by the State to invest in land use:
1. Improve land use efficiency.
2. Protect, improve, increase soil fertility; treat polluted land and water, restore degraded land.
3. Encroaching on the sea, putting vacant land, bare hills, alluvial land along rivers, coastal areas, and wasteland with water surface into use according to the provisions of this law.
4. Concentrate land for large-scale agricultural and forestry production.
5. Develop infrastructure to increase land value, develop underground works.
6. Development of culture, health care, education and training, physical education, sports, science and technology, and environment.
The State pays much attention and encourages investment in activities related to land use, aiming to optimize and develop the potential of land resources. The activities stipulated in Article 8 of the 2024 Land Law are not only business opportunities but also opportunities to contribute to the sustainable development of the country.
One of the important goals is to improve land use efficiency. This includes using all means to optimize the use of available land, from agricultural land management to urban and industrial development.
Soil protection and rehabilitation is also a priority, ensuring that soil is used sustainably and is not contaminated. Measures such as remediation of contaminated soil and restoration of degraded soil not only preserve this resource but also ensure public health.
Expanding land use area through land reclamation and developing new urban areas not only opens up investment opportunities but also contributes to solving the problem of housing and infrastructure needs.
Agriculture and forestry are also an important part of the country’s land development strategy. Concentrating land for the development of these industries not only helps increase agricultural and timber production but also helps improve the income of farmers and workers in rural areas.
In addition, the development of infrastructure and the cultural, medical and educational sectors is also considered an indispensable part in increasing the value of land. Providing public utilities and services not only increases the value of real estate but also helps improve the quality of life of the community.
Thus, encouraging investment in land use is not only about the economy but also about the environment, society and sustainable development of the country. Through these activities, the State wishes to build a harmonious, developed and prosperous community on the basis of solid and sustainable land resources.
