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?

What do foreign enterprises renting land in Vietnam need to know?, Land lease rights of foreign enterprises

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…

Proposing to remove difficulties for Resort Real Estate in Vietnam

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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…

Vietnam will replace and abolish the administrative procedures of transferring Real estate projects

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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,…

New point of Decree 02/2022/ND-CP on real estate business in Vietnam

New point of Decree 02/2022/ND-CP on real estate business in Vietnam

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…

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