On April 16, 2024, the Government issued Decree No. 42/2024/ND-CP providing detailed regulations on sea encroachment activities (Decree 42). This Decree is formulated and promulgated with the aim of providing detailed guidelines for Article 190 of the Law on Land 2024 and applies to agencies, organizations, and individuals involved in sea encroachment activities, except for activities serving national defense and security purposes. Taking effect from the date of signing, Decree 42 covers several outstanding contents related to sea encroachment activities as follows:
(i) Regarding the decision on investment policy, approval of investment policy, and selection of investors for investment projects involving sea encroachment activities;
(ii) Regarding regulations on land allocation, land lease, and allocation of marine areas for sea encroachment;
(iii) Regarding regulations on determining land use fee and land rent.
