Official Adjustment of the Name for the “Red Book” to the Certificate of Land Use Rights, Ownership of Assets Attached to Land in Vietnam from 2025

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The 2024 Land Law, No. 31/2024/QH15, will officially rename the certificate of land use rights, commonly known as the “Red Book”. Specifically, starting from 2025, the Red Book issued to Vietnamese citizens will officially be called the Certificate of Land Use Rights, Ownership of Assets Attached to Land. The Certificate of Land Use Rights, Ownership…

Notable amendments to the Vietnam Land Law apply from July 2024

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On March 26, 2024, the Prime Minister of Vietnam issued Official Letter No. 202/TTg-NN regarding the deployment of the implementation of Land Law No. 31/2024/QH15, urgently sending it to the Deputy Prime Minister, Ministers of various Ministries, Chairpersons of People’s Councils, People’s Committees of centrally-run provinces and cities. The Land Law of 2024 has undergone…

Draft Decree Proposes New Regulations for Real Estate Trading in Vietnam

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The Ministry of Construction in Vietnam has unveiled a draft decree aimed at guiding the implementation of the recently enacted Law on Real Estate Business. With the law set to take effect from January 1, 2025, the draft decree is a crucial step towards ensuring compliance and establishing a robust legal framework for the management…

Vietnam: Key Points of the Land Law 2024

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In a significant step towards amending and reforming the legal system concerning land, Land Law 2024 amends and replaces Land Law 2013 (“the Land Law 2024”), with the supreme mission of establishing an efficient and transparent legal framework while ensuring fairness and sustainability in land management and use. Issued with the purpose and spirit of…

Vietnam: Latest Proposal on Land Use Rights for Vietnamese Settled Abroad

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The draft law clearly states that the government agrees to regulate that Vietnamese individuals settled abroad with Vietnamese citizenship will have all the land-related rights as citizens residing within the country. The Ministry of Natural Resources and Environment has drafted certain provisions to amend the Land Law, which the government has submitted to the National…

Expanding the scope of granting land use rights certificates to undocumented land in Vietnam

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Recently, the Vietnamese National Assembly has passed the 2024 Land Law with a focus on expanding the scope of granting land use certificates for undocumented land in Vietnam. With the extended evaluation period, many Vietnamese citizens will have more opportunities to own land use certificates, commonly known as “red books.” Before July 1, 2004, the…

Legal Perspective on Land Use Rights in Vietnam

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In the context of economic development and increasing urbanization, land management has become one of the major challenges for many countries, including Vietnam. Mastering the legal provisions related to land use rights is not only essential when participating in the real estate market but also a crucial condition for protecting one’s interests. This article provides…

It is anticipated to have four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam in 2024

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In 2024, it is anticipated that there will be four Decrees and Circulars guiding the implementation of the Real Estate Business Law in Vietnam. On January 8, 2024, the Prime Minister of Vietnam issued Decision No. 19/QĐ-TTg regarding the issuance of a List and the assignment of responsible agencies to draft detailed regulations for the…

Vietnam M&A market: Overview of 2023 and predictions for 2024

Vietnam M&A market: Overview of 2023 and predictions for 2024

The M&A activities in 2023 are still not as exciting and dynamic as expected. However, with encouraging signals in M&A deals, particularly in the real estate and technology sectors in the latter half of 2023, along with policy changes aimed at attracting foreign investment, the Vietnamese M&A market is expected to recover and thrive in…

Notable points about the 2023 Amendment to Vietnam’s Law on Housing

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In 2023, as Vietnam faces numerous challenges in the housing sector, the revision of existing regulations in the Housing Law to meet the increasing demand for housing and ensure sustainability in the real estate market has become an essential process. However, this process requires careful consideration and comprehensive planning to ensure that the changes bring…

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