MPI insists on '99-year policy'Pham Chi Lan, an economist, commented that it would be a bad idea to lease land for such a long time. Vietnam offers many investment incentives related to land leasing conditions, and land rental and transfer could be risks to sovereignty. “I strongly recommend removing the tentative provision about allocating land to investors for 99 years,” Lan said. It would be better to reconsider the ’99 year policy’ not only in the context of conditions of Vietnam, but also international integration. Explaining his view, Dung said this would be an outstanding policy of Vietnam to attract foreign investors.

Source: VietNamNet News June 01, 2018 10:07 UTC