Resolution 124/NQ-CP: Requiring the issuance of guidelines on land valuation. What are the key contents of Resolution 124/NQ-CP in 2023?
What are the highlights of Resolution 124/NQ-CP in 2023?
On August 7, 2023, the Government of Vietnam issued Resolution 124/NQ-CP in 2023 concerning the regular Government of Vietnam meeting held in July 2023.
Resolution 124/NQ-CP in 2023 includes several notable points:
- Expedite the formation of centralized real estate, land, and labor exchanges;- Implement a decisive and synchronized reorganization of administrative units at district and commune levels;- Direct vigorous efforts to continue reducing interest rates;- Submit to the Prime Minister of the Government of Vietnam amendments to the mechanism of retail electricity pricing and the structure of retail electricity pricing in August 2023;- Proactively work with localities and enterprises to accelerate the implementation of real estate projects;- Issue guidelines on land valuation by August 15, 2023;- Focus on good preparations for the peak international tourism season starting from September;- Actively prepare the conditions for the new 2023-2024 academic year;- Aim to develop at least 10 utilities on VneID applications by the end of 2023;- Quickly initiate the development of systems to monitor, track, and evaluate digital transformation efforts.
Resolution 124/NQ-CP requires issuing land valuation guidelines before August 15, 2023, right? (Image from the Internet)
Will land valuation guidelines be issued before August 15, 2023?
According to Subsection 9, Section I of Resolution 124/NQ-CP in 2023, the Government of Vietnam has directed the Ministry of Natural Resources and Environment to undertake the following tasks:
The Ministry of Natural Resources and Environment is to lead and cooperate with relevant agencies and localities to:
- Strengthen resource management and environmental protection; continually review and submit amendments to authorities concerning regulations on the conversion of rice cultivation land, protective forest land, special-use forest land, and mineral exploitation to ensure consistency, efficiency, and alignment with local socio-economic development needs;- Advise and improve mechanisms, policies, and legal frameworks regarding land, particularly the revised Land Law; provide guidance to quickly address legal difficulties related to land procedures and construction material mining for socio-economic development projects and key transportation projects.
Notably, the Government of Vietnam requires the Ministry of Natural Resources and Environment to issue land valuation guidelines before August 15, 2023.
- Monitor and promptly forecast, warn about extreme weather phenomena and natural disasters, particularly storms, floods, and landslides, providing information to relevant agencies, localities, and residents for proactive and effective response; investigate and assess geological and environmental incidents to determine causes and ensure public safety;- Concentrate on drafting a decree to amend and supplement certain provisions of Decree 08/2022/ND-CP detailing the implementation of some articles of the 2020 Environmental Protection Law, and submit it to the Government of Vietnam in September 2023 via expedited procedures;- Review and align the National Marine Spatial Planning Scheme for the 2021-2030 period with relevant regulations, and promptly report and propose solutions to competent authorities for any arising issues, submitting to the Government of Vietnam in the first half of September 2023.
Will the Government of Vietnam amend the mechanism for adjusting the average retail electricity price in August 2023?
In Resolution 124/NQ-CP regarding the regular government meeting held in July 2023,
the Government of Vietnam has required the Ministry of Industry and Trade to urgently submit to the Prime Minister of the Government of Vietnam in August 2023 amendments to Decision 24/2017/QD-TTg on the mechanism for adjusting the average retail electricity price and Decision 28/2014/QD-TTg on the structure of retail electricity pricing, considering the addition of "tourism accommodation facilities" as beneficiaries of the retail electricity price applicable to the production sector.
Simultaneously, it leads and collaborates with relevant agencies and localities to execute the following:
- Closely monitor market movements to promptly manage and adjust production to stabilize the supply and prices of essential goods such as food, energy, and other necessities; ensure a steady supply of oil and fuel for the domestic market under all circumstances, preventing sudden price spikes;- Propose plans to the Government of Vietnam and the Prime Minister of the Government of Vietnam to ensure the supply of coal, oil, and liquefied natural gas, and execute Plan VIII on power development, ensuring timelines per the Prime Minister's directives in August 2023;- Proactively develop production plans and operate the power system to ensure electricity supply for production, business, and consumption;- Swiftly propose several energy projects to pilot the implementation of the Political Declaration on establishing a Just Energy Transition Partnership (JETP), reporting to competent authorities for review and decision by September 2023 at the latest;- Effectively implement signed Free Trade Agreements (FTA); strengthen and expand traditional markets while tapping into new and potential markets; enhance negotiations and sign new trade agreements, commitments, and linkages;- Promote and conclude negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE), ensuring the harmonization of Vietnam's interests; complete procedures to commence FTA negotiations with Egypt, South Africa, and South American countries;- Swiftly implement measures to expedite the customs clearance of import-export goods at the Vietnam-China border, working with the Ministry of Agriculture and Rural Development to negotiate with China to open more markets for Vietnam's advantageous agricultural products in August 2023;- Continue promoting the Vietnamese People Prioritize Using Vietnamese Goods campaign, trade promotion programs, and supply-demand connection activities to develop the domestic market and stimulate consumption; enhance market management efficiency, combat smuggling, trade fraud, and counterfeit goods.
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