Vietnam clarifies agricultural land capital contribution procedures

Legal guidance has been provided regarding the procedures for economic organizations receiving capital contributions in the form of agricultural land rights in Vietnam.

According to Decree No. 102/2024/ND-CP, organizations that acquire agricultural land through transfer or a combination of transfer and capital contribution must develop a land use plan for approval by the communal-level People's Committee. However, for cases where an organization only receives capital contributions of agricultural land rights, current regulations do not explicitly mandate the creation of a land use plan.

The Ministry of Natural Resources and Environment noted that the specific requirements depend on whether the contribution is intended for agricultural land accumulation or for an investment project. All such transactions must comply with the Land Law and enterprise regulations.