The amended Land Law was recently passed by the 15th National Assembly (NA) at its fifth extra-ordinary session, and will take effect from January 1, 2025. The Land Law 2024 has fully institutionalized Party views and policies on land management and use, and includes many new points, including five key content groups that will have a positive impact on the field. In particular, land finance is a central feature of the Law that has caught the attention of the business community and individuals involved in the market, with a balance between financial policies and land policies. The amended Law abolishes the land price framework and legislates four methods for determining prices. The government has assigned the Ministry of Natural Resources and Environment to develop five draft decrees guiding the implementation of the amended Law.