According to Vietnamese Land law in 2013, if investors demand land for their business purposes, there may be two ways for them to approach the land use rights. First of all, if the local authority has clear ground areas for use for proper production and business purposes, the investors may have such land through auction of land use rights. Secondly, the investors may have land through purchase of land-attached assets, receipt of transferred or leased land use rights or receipt of land use rights contributed as capital (this way is so-called voluntary land conversion). The voluntary land transfer regime has been applied from 1st July 2004, at the first time; it brought a lot of advantages for investors and land users as well as local authorities. However, just some years later, variety of problems such as land value market, some of land users offer unreasonable price, land disputes among land users arise and create many obstacles for skateholders involved... Notwithstanding, the pass and current Vietnamese land law does not have much effective solutions for the drawbacks, even though up to now. This paper analyzes the advantages as well as disadvantages of voluntary land transfer between investors and land users in Vietnam, and then suggesting solutions and recommendations on such issues.