The purposes of the Resolution are to improve the system of laws on investment and ensure effective implementation of the Land Law. What is more, it shall create a transparent, equality, liberal and favorable business environment and reduce at least 40 percent of the time savings for investors from all economic sectors. Additionally, improving the ranking of Vietnam on favorable business indicators and national competitive capacity, and promoting investment calls are other goals of the Resolution.

Simplifying administrative procedures for the implementation of investment projects involving land use

One of the key tasks of administrative reforms in the formation and implementation of investment projects involving land use is to simplify the administrative procedures prescribed in the formation and implementation of land-use projects, towards standardized, specified and simple administrative procedures for selecting investors. Accordingly, three ways of such selection have been regulated, namely land-use right auction, bidding for selection of investors implementing land-use investment projects, and land allocation and land lease through auction and bidding.

Promoting publicity and transparency in administrative procedures for implementing land-use investment projects

Another key task of administrative reforms in the formation and implementation of land-use investment projects is making administrative procedures for implementing investment projects ​​public and transparent. Specifically, the disclosing and publicizing administrative procedures must be seriously implemented. Moreover, information technology should be more applied to administrative procedures for implementing investment projects, contributing to administrative procedure reforms in this field.

The Resolution comes into effect as from 6 June 2014.