Vietnam’s draft revised Land Law is open to public comments

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Vietnam’s revised Land Law is currently open to receiving comments from Vietnamese citizens from January 3, 2023 – March 15, 2023. The content to be consulted will be the entire draft of the revised Land Law and the key contents of each target group. This activity is carried out in accordance with Resolution No. 671/NQ-UBTVQH15…

How the amended land law would affect foreign investors in Vietnam?

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In the ten years since the Land Law 2013 was implemented, thanks to the resolution of difficulties and the establishment of a more fair environment for foreign investors to utilize real estate, Vietnam is gradually becoming an ideal destination for foreign direct investment through the development and planning of industrial parks and economic zones across…

(Vietnam) New update to the revised Land Law project on land acquisition purposes

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The revised Land Law Project is currently being discussed and commented on by members of the National Assembly at the 4th Session of the XV National Assembly of Vietnam. A series of new and important policies that determine land issues in Vietnam such as land prices, methods of determining land prices, land transfer prices, and…

Draft Real Estate Business Law in Vietnam: Removing Many Loopholes

The Vietnamese market will soon see the emergence of resort real estate

The draft Law on Real Estate trading in Vietnam is now undergoing consultation by the Ministry of Construction, despite the fact that it has been in effect for almost ten years and still displays several “bottlenecks” in the real estate industry. More types of real estate for commercial use in Vietnam According to Article 5 of the…

New changes in land price bracket in Vietnam

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In Vietnam, there have been some major new changes in the land price bracket – one of the most important aspects of real estate transactions. In this article, ASL LAW will detail the changes that all citizens own, or plan to own real estate in Vietnam need to concern about. Resolution 18/NQ-TW in 2022 issued…

What do foreign enterprises renting land in Vietnam need to know?

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Foreign enterprises that want to implement investment projects in Vietnam need to apply for land first. A land lease is a common form of land use that foreign enterprises should pay attention to. Land lease rights of foreign enterprises According to Clause 22, Article 3 of the Investment Law 2020, a foreign-invested economic organization (FDI)…

Inadequacies in the policy of apartment buildings with a term of 50-70 years in Vietnam

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Recently, there have been a lot of controversial opinions about the proposal to regulate the term of apartment ownership from 50-70 years in Vietnam. Most of the opinions are negative as the people don’t like the idea of just temporarily owning their house and that ownership might not last for their children or grandchildren. In…

What is commercial and service land in Vietnam?

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Commercial and service land is a popular type of land, but not everyone understands what it is, how long is the land use term, and whether or not it may be used to build houses. What is commercial and service land? Commercial and service land is a type of land belonging to the group of…

Notes on condotel investment in Vietnam

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Condotel is an acronym for Condo & Hotel which means Apartment Hotel or Hotel Apartment. This is a very popular concept in the world market. However, it is still quite new in Vietnam and only got popular in a couple of recent years. The hype for condotel rises fast in Vietnam, but do the investors…

Why does the Vietnamese government not issue regulations prohibiting the recording of the transfer price lower than the land price in the land price list?

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In society, many must have heard about the situation where a real estate property has two prices, one official and one unofficial. This is because in order to pay less tax, the parties have agreed that the transferred price submitted to the Government will be way less than the actual price that they have agreed…

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