The proposed amendments to the Land Law suggest an exemption from land use fees for those converting land use purposes within the residential land use limit. However, for those exceeding this limit, a land use fee of 30-50% will be applicable.
In recent times, a string of prominent Vietnamese business tycoons, including Bầu Đức, Lê Phước Vũ, Lê Thanh Thản, Đỗ Anh Dũng, and the FLC Group, have made a remarkable comeback with ambitious large-scale projects.