Legal Counselling

Vietnam: When is the coastal forest rent exempted?

16:05, 25/10/2016

This is a notable content of Decree No. 119/2016/NĐ-CP of Vietnam’s Government providing for policies on sustainable management, protection and development of coastal forests to cope with climate change.

According to Decree No. 119/2016/NĐ-CP of Vietnam’s Government, organizations, enterprises, households and individuals making investment in protection, development and use of coastal forests shall be exempted from payment of forest rents in the following cases:

- An economic organization that obtains a decision on forest lease after October 10, 2016 shall be exempted from payment of forest rents within the 5 first leasing years as of the issued date of that decision on forest lease.

- An economic organization that obtains a decision on forest lease before October 10, 2016 shall be exempted from payment of forest rents within the 5 years as of October 10, 2016 provided that the forest leasing duration under that decision remains 5 years or more.

- If a decision on forest lease is made before October 10, 2016 but the remaining leasing duration is under 5 years, the economic organization shall be exempted from payment of forest rents until ending the leasing duration specified in that decision.

View more details at Decree No. 119/2016/NĐ-CP of Vietnam’s Government, effective from October 10, 2016.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

44 lượt xem

- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn