Compensation regulations when the State reclaims residential land
Mr. NVT residing in Nghi Loc district asked: When the State reclaims residential land, which subjects, if they meet the conditions according to regulations, will be compensated for the land?
Article 98 of the 2024 Land Law stipulates:
1. Households, individuals, people of Vietnamese origin residing abroad, economic organizations that are using residential land, owning houses attached to land use rights in Vietnam when the State recovers land, if they meet the conditions for compensation prescribed in Article 95 of this Law, shall be compensated with residential land or houses or money or land with a purpose of use different from the type of recovered land.
2. Economic organizations, people of Vietnamese origin residing abroad, and economic organizations with foreign investment capital that are using land to implement housing construction investment projects when the State reclaims land, if they meet the conditions for compensation prescribed in Article 95 of this Law, shall be compensated in money or in land.
3. The Government shall detail this Article.