Abstract
Land tenure security is important to enhance farmers’ incentive in land investment and to agricultural development. The security of farmers’ land rights has been significantly improved in Vietnam since the first Land Law of 1987. However, the improvement has limits. In terms of legal certainty, one of the limits is related to the law on duration of the land rights. At present, farmers can hold their arable land rights for only 50 years, which may affect tenure security and land investment negatively. Although the land rights are subject to renewal, the procedure is problematic. It is, therefore, ideally to allow farmers to hold their arable land rights in perpetuity in order to enlarge the security of their land rights and give them more incentive to have long-term land investment.
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