During the first extraordinary session of the 16th National Assembly held on August 3, 2026, Phan Van Mai, the Chairman of the Economic and Financial Committee, highlighted the need for significant reforms in land laws. This session marks the first discussion on amending the Land Law, Housing Law, and Real Estate Business Law, which are crucial for the country's development.

Mai noted that Resolution 21 from the Central Committee represents a pivotal shift in the Party's approach to land management. Previously, the focus was primarily on improving management mechanisms. However, the new directive emphasizes the necessity of establishing a legal framework that positions land as a strategic resource, a competitive advantage, and a driving force for national development while ensuring strict, fair, and transparent management that protects citizens' rights.

He explained that the urgent need to gather opinions on these amendments reflects the Central Committee's commitment to implementing policies that facilitate practical solutions to existing land-related challenges. The aim is to create a legal environment that not only addresses immediate issues but also fosters long-term stability and growth.

One of the key aspects of the upcoming reforms is the synchronized amendment of the Land Law alongside the Housing Law and Real Estate Business Law. Mai emphasized that many projects have stalled not due to individual laws, but due to a lack of coherence among these laws. Therefore, a comprehensive legal framework is essential to eliminate systemic bottlenecks and ensure smooth operational processes.

The proposed reforms also aim to simplify procedures for investment and business, enhance state management effectiveness through digital data, and establish a national land information system that integrates seamlessly with other databases such as taxation and banking. This will help reduce administrative burdens and improve transparency in land management.

Moreover, the government plans to implement measures such as taxing idle land and exploring the possibility of the state purchasing unfinished housing projects to alleviate resource stagnation. These initiatives are designed not only to prevent waste but also to expand the public housing stock to meet citizens' needs.

In conclusion, Mai stated that the overarching goal of these reforms is to unlock land resources for rapid and sustainable development while effectively controlling power and preventing corruption. By ensuring that land is utilized efficiently, it can transform from a source of disputes and inefficiencies into a vital asset for national growth.