On February 14, 2020, the Ministry of Natural Resources and Environment issued Official Letter No. 703 / BTNMT-TCQLĐ / ND-CP providing guidance on land use and certification of non-house construction works, including tourist apartment (“Condotel”).
Accordingly, from February 14, 2020, at the time of issuing the above Official Letter, provinces and cities will base on the contents of guidance in the Official Dispatch to review projects to determine land use purposes, the land use term, if eligible, consider granting the certificate. Specifically:
Condotel, tourist villas are defined as tourist accommodation establishments under the provisions of the 2017 Tourism Law, and the land use is determined to be the type of commercial and service land. Accordingly, the maximum duration of land lease is not more than 50 years, for localities with difficult socio-economic conditions, the term shall not exceed 70 years.
For projects with condotel and tourist villas when they are eligible for transfer under the Real Estate Business Law, the certificate of ownership of construction works will comply with the provisions of Article 32 Decree 43/2014 / ND-CP.
Thus, with the issuance of Official Letter No. 703, the Ministry of Natural Resources and Environment has removed the legal obstacles for investment in resort projects in the country, encouraging investors in participating in the field of resort real estate, contributing to the development of tourism services across the country.