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PROCLAMATION 7449—JUNE 8, 2001 115 STAT. 2781 (b) US enterprises ire not yet allowed either to mortgage land use rights at foreign credit institutions operating in Vietnam or to transfer land userightsexcept for the case of transfers of invested assets assodated with the land within the land lease period. Notwithstanding the above reservations to national treatment for the ownership and use of land and residences, Vietnam shall create lavorable conditions in exercising the mortgage and transfer of land use tights relating to covered investments including the elimination, within 3 yean (rom the entryinto force of this Agreement, of the restrictions on mortgage and transfer of land userightsmentioned in sub-paragraph 4.S(b). U
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