National Assembly opens fifth extraordinary session

HÀ NỘI – The 15th National Assembly (NA) started its fifth extraordinary meeting in Hà Nội on Monday, where NA deputies will discuss and adopt the draft revised laws on land and credit institutions. The revised land law has 16 chapters and 260 articles, with the removal of five articles and amendments to 250 articles in the law presented at the 15th NA's sixth session. The deputies will consider a draft resolution on several mechanisms and special policies to remove bottlenecks to accelerate the implementation of national target programmes. The draft amended law also outlined various land valuation methods, including comparison, surplus value, income and adjustment factors for land prices. Land valuation methodsDuring the discussion, Deputy Nguyễn Hoàng Bảo Trân from the southern province of Bình Dương proposed that the surplus method for land valuation, based on assumptions and estimates, might have low reliability.