THE PEOPLE’S COMMITTEE OF HO CHI MINH CITY SHALL HAVE SPECIFIC REGIME TO SHORTEN TIME OF LAND COMPENSATION
This content is prescribed by the Government in the Resolution No. 27/NQ-CP dated March 09, 2020 on approving the pilot application of specific mechanisms and processes to shorten the time for compensation, support, resettlement and handover of ground of the land recovery project in Ho Chi Minh City.
Accordingly, the Government permits the People’s Committee of Ho Chi Minh City to pilot the application of specific mechanisms and processes to shorten the time for compensation, support, resettlement and handover of ground of land recovery project in Ho Chi Minh City with the following contents:
Firstly, the People’s Committee of Ho Chi Minh City shall promulgate a land price adjustment coefficient at the beginning of the annual period to make a plan of compensation, support, resettlement to consult people whose land is recovered.
Secondly, such land price adjustment coefficient is only meaningful in making a plan of compensation, support, resettlement to consult people whose land is recovered and it is not the specific land price of the type of recovered land at the time of land recovery decision.
This Resolution takes effect on the signing date.
