HÀ NỘI - Việt Nam's draft Land Law currently does not have a land reserve for tourism development, making life difficult for investors and at times, pressuring them to purchase land at significantly higher prices, said industry experts and policymakers at a tourism property conference Thursday in Hà Nội. It has resulted in local authorities reclaiming and awarding plots of land to tourism developers without a clear governing legal framework. The consequences have started to show since 2019 when legal issues arose in tourism projects across the country. "In order to unleash the potential of tourism as a key economic driver, it's time the Government provided specific provisions for designated land for tourism development," he said. He said if localities had identified tourism as a key local economic engine, then tourism projects should be granted their appropriate standing among the socio-economic development priorities.

Source: Viet Nam News October 21, 2023 03:50 UTC