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Finance Minister Dinh Tien Dung

Dung said the use and management of land after equitization in each locality is the responsibility of its People’s Committee, acknowledging that several equitized SOEs took advantage of the State land management policy and relocated polluted facilities out of the inner capital city to change the land use purpose without putting land use rights to auction in line with the law.

Under the Government’s Decree No.126/2017/ND-CP, SOEs’ land use plans must be approved before equitization. After equitization, land must be used in line with the approved plan. In cases where the land use purpose is changed, the land must be reclaimed for auction, he said.

According to him, several SOEs use land in many localities so that the involvement of departments and agencies is needed.

The Q&A session was broadcast live nationwide.

Source: VNA