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…
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…
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…
After the announcement of reopening on March 15, the tourism has many opportunities to recover in Vietnam. However, at this time, many resort real estate project investors are still waiting for answers on legal procedures. Khanh Hoa is one of the localities possessing many precious natural resources. During the period of 2013 to 2017, Khanh…
Recently, the Vietnam Ministry of Construction issued Decision 94/QD-BXD announcing administrative procedures to be replaced in the field of Real estate trading within the scope of state management functions of the Ministry, many regulations related will be superseded or rescinded. According to Decision No.94/QD-BXD replacing two administrative procedures in Decision No. 705/2021/QD-BXD dated June 11,…
On January 6, 2022, the Government issued Decree No. 02/2022/ND-CP guiding the implementation of the Law on Real Estate Business 2014, which will take effect from March 1, 2022 in Vietnam. Here are some new and notable contents in this Decree. Real estate businesses must disclose their information Organizations and individuals doing real estate business…
When buying and selling real estate in Vietnam, the buyer and the seller often agree with each other to record the transfer price much lower than the actual price to reduce the amount of tax and other fees and charges. However, this false declaration of real estate purchase and sale prices is a violation of…
The National Assembly of Vietnam assigned the Government to elaborate tax increases for securities and real estate transactions and report to the National Assembly Standing Committee for consideration and decision. At the closing session of the first extraordinary meeting on January 11, the resolution on fiscal and monetary policies to support the program of socio-economic…
Organizations and individuals that want to do real estate business must meet certain conditions. Recently, the Government issued Decree 02/2022/ND-CP, leading to changes in the conditions for real estate business in Vietnam from March 1, 2022. Conditions for real estate business in Vietnam Article 4 of Decree 02/2022/ND-CP stipulates that organizations and individuals trading real…
(Vietnam) In the Vietnamese version, Circular 16/2021/TT-NHNN requiring the purchase of corporate bonds is likened to a “red line,” acting as a valve to prevent credit money from flowing into hot areas, generating macro instability. The State Bank of Vietnam has released Circular 16 (November 2021), which regulates the purchase and selling of corporate bonds…