Which of the following is false regarding property interests in Vietnam?
A) The constitution asserts that the state owns all the land.
B) If an individual wants to use land, he or she must pay tax on it as a form of rent.
C) Transference of property can occur only with the approval of a state official.
D) A new owner can never be given a longer term of right or more extensive rights over the land than the original owner had.
E) The transferring owner determines the price for which property will be transferred.

Question

Quizplus · Accepted Answer

In Vietnam, the state plays a significant role in the regulation and control of land use and transfer. While the constitution asserts state ownership of land, and individuals must pay a form of rent to use it, the state also has considerable influence over the transfer process, including approval of transactions and terms. However, the assertion that the transferring owner determines the price for property transfer is false, as the state often has mechanisms or regulations in place to influence or determine property prices, especially since the state owns the land and controls its use and transfer.

Which of the Following Is False Regarding Property Interests in Vietnam