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The Ministry of Finance (MOF) has proposed a policy aimed at reducing the financial burden on businesses and individuals, thereby stimulating production and business activities. Under this proposal, organizations, enterprises, households, and individuals directly leasing land from the State with annual land rental payment obligations may benefit from a reduction in their 2024 payable land…
12
Nov
Nov
Vietnam has introduced significant new regulations governing the selection of investors for land-using projects through Government Decree 115/2024/ND-CP, which provides detailed guidelines for implementing the Bidding Law. Scope of Application The new decree mandates bidding procedures for several categories of land-using projects, including: Specialized Projects Subject to Bidding The decree specifically identifies various specialized projects…
13
Oct
Oct
The Government of Vietnam has introduced Decree No. 111/2024/ND-CP, establishing a comprehensive system of information and a National database on construction activities. This decree, which takes effect on November 1, 2024, sets out key principles and requirements for the development, management, and use of this centralized construction information system. Centralized Management The decree emphasizes that…
30
Sep
Sep
As of August this year, the process for initial registration of land and land-attached assets in Vietnam can now be conducted electronically, in accordance with the country’s land and e-transaction laws. This shift is outlined in the Government’s Decree 101, which focuses on land surveys, registration procedures, and the issuance of land use right certificates….
15
Aug
Aug
Foreign organizations and individuals can now own up to 30 percent of the total apartments in a condominium, according to Decree 95/ND-CP, which took effect on August 1. This regulation marks a significant shift in Vietnam’s real estate market, offering more opportunities for foreign investment. Key Provisions of Decree 95/ND-CP Increased Ownership Cap for Condominiums…
16
Sep
Sep
Starting from August 2024, Vietnam’s rental real estate market will undergo a significant change as all rental business activities will be required to establish a business entity. This new regulation will impact not only individual investors but also the entire real estate sector. The new regulation is expected to bring more transparency and professionalism to…
24
Aug
Aug
Vietnam, with its rapidly developing economy and potential-filled real estate market, has become an attractive destination for foreign investors. However, under current regulations, foreign investors do not have full ownership rights over real estate assets like Vietnamese citizens do, leading to a bottleneck in foreign investment flows into the Vietnamese market. Complex legal regulations, ownership…
24
Aug
Aug
On June 29, the National Assembly of Vietnam passed the Law Amending and Supplementing a Number of Articles of the Land Law 31/2024/QH15, Housing Law 27/2023/QH15, Law 29/2023/QH15 on Real Estate Business, and Law 32/2024/QH15 on Credit Institutions (the Law). This comprehensive legislation aims to streamline and update existing regulations, with significant implications for various…
15
Jul
Jul
The amended Vietnamese Land Law, effective from January 2025, marks a significant milestone in reforming the legal framework for land management. This aims to create an effective and transparent legal system, ensuring fairness and sustainability in land management and use. This law serves not only as a legal document but also as a practical guide…
17
Jul
Jul
At the 5th Extraordinary Session of the 15th National Assembly, Vietnam’s National Assembly demonstrated a strong commitment to legislative reform by discussing and approving the amended Vietnam Land Law. This article explores the main issues addressed in the revised Land Law, highlighting the key changes and their implications. New Points of the Amended Vietnam Land…
