The Ministry of Natural Resources and Environment's Circular 20, effective from January 1, 2025, officially repeals several circulars related to the issuance of red books under the authority of the Minister of Natural Resources and Environment.
As of November 2024, Hanoi had garnered an impressive VND 18,599 billion from land-use right auctions within its jurisdiction, averaging nearly VND 10,000 billion per year.
The Ministry of Construction has urged the People's Committees of provinces and cities to pay attention to managing the conversion of the function of constructions in accordance with the law.