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A land grant contract shall be entered into between the land user and the land administration department of the people's government at municipal or county level. [25] The land grant contract must be signed. Land use rights can be obtained from the land administration department by agreement, tender or auction. [26]
Foreigners cannot buy and own land, like in many other Southeast Asian countries. Instead, the land is collectively owned by all Vietnamese people, but governed by the state. As written in the national Land Law, foreigners and foreign organizations are allowed to lease land. The leasehold period is up to 50 years. [49] [50]
Despite laws against foreign ownership of Mississippi land, more and more foreign entities are buying and owning state farm and timber land. ... On Oct. 17, Arkansas ordered a China-owned company ...
The law does not change the system of land tenure by which the state owns all land. However, in formalizing existing practice, individuals can possess a land-use right, which is defined in Chapter 10 of the law. The law defines this land-use right in terms of the civil law concept of usufruct.
As of the end of 2021, Chinese investors owned 383,935 acres of American soil, according to a report on foreign-held land from the U.S. Department of Agriculture (USDA).
The White House on Monday gave a Chinese-linked company and its partners 120 days to sell property they had bought near a U.S. Air Force base in Wyoming that is home to part of the U.S. nuclear ...
In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 billion).
NFL legend Brett Favre suggested the U.S. should be actively taking back its farmland that has been purchased by China in a post on X a month after President-elect Donald Trump's win.