Revised land law shows fair policy towards OVs: Ambassador
Overseas Vietnamese (OV) are thrilled to hear about new provisions in the Land Law (revised) passed recently by the National Assembly (NA), which demonstrates the attention of the Party, the State, the Government, and the NA in ensuring equal rights between OVs and Vietnamese citizens residing inside the country to purchase and own land use right and houses in their homeland, said Vietnamese Ambassador in Hungary Nguyen Thi Bich Thao.
Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao (L) speaks at the meeting with NA Vice Chairman Tran Quang Phuong (Photo: VNA)
Berlin (VNA) – Overseas Vietnamese (OV) arethrilled to hear about newprovisions in the Land Law (revised) passed recently by the National Assembly(NA), which demonstrates the attention of the Party, the State, the Government,and the NA in ensuring equal rights between OVs and Vietnamesecitizens residing inside the country to purchase and own land use right and houses in their homeland, said Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao.
In a meeting with NA Vice Chairman Tran Quang Phuong, whowas on a working visit to Europe, the diplomat expressed the hope that specificregulations regarding procedures and necessary documents for real estatetransactions involving OVs will be issued soon.
From a business perspective, Pham Ngoc Chu,Vice Chairman of the Global Vietnamese Business Association and Chairman of theVietnamese Business Association in Hungary, affirmed that businesses in Europestrongly support the law as it ensures equality between OVs and Vietnamesebusinesses and those living in the homeland in buying, selling,transferring, and inheriting land use right and houses in Vietnam.
This will encourage Vietnamese citizens and businessesabroad to pour more investment in the homeland in all fields, he added.
In the meeting, NA Vice Chairman Phuong affirmed that the Vietnamesecommunity abroad is an inseparable part of the nation.
He also addressed numerous opinionsfrom the community regarding such matters as restoring the Vietnamese nationality,issuing citizenship cards, increasing the number of scholarships for Vietnamesestudents, teaching the Vietnamese language, and preserving and promoting the Vietnameseculture in Hungary./.
An overseas Vietnamese (OV) has lauded the revised Land Law, which was passed by the Vietnamese National Assembly in January, highlighting its focus on attracting foreign capital and fostering connections between OVs and their homeland.
The revised Land Law, which was passed by the Vietnamese National Assembly in January 2024, is expected to lure capital from overseas Vietnamese (OV), said Chairman of the Vietnamese Business Association in Australia (VBAA) Tran Ba Phuc.
The regulations related to overseas Vietnamese (OVs) in the revised laws on land, housing, and real estate business were disseminated to expatriate at a hybrid conference on March 26.
The Land Law (revised), which expands land use rights for overseas Vietnamese (OV) and Vietnamese citizens residing abroad, meets the aspirations of OVs and contributes to mobilising investment resources to Vietnam at the same time, said Nguyen Duc Hieu, standing member of the National Assembly (NA) Economic Committee.
The Land Law (revised) passed in January by the National Assembly (NA) is a huge step forward that demonstrates the attention of the Party, the State, the Government, and the NA in protecting the rights of overseas Vietnamese (OVs) and Vietnamese citizens residing abroad, according to Dr. Phan Bich Thien, member of the Central Committee of the Vietnam Fatherland Front and Chairwoman of the Vietnamese Women's Association in Hungary.
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Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao (L) speaks at the meeting with NA Vice Chairman Tran Quang Phuong (Photo: VNA) 
