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Future-formed real estate (FFRE) transactions are increasingly common in the market, especially in major urban areas. However, since the asset does not yet exist at the time of contract signing, investors must carefully assess legal factors to minimize risks. Below are some key legal considerations: Legal Conditions of the Project Before signing a purchase agreement,…
05
May
May
In recent years, the rise of resort real estate, particularly the Condotel (condominium hotel) model, has reshaped Vietnam’s tourism and real estate markets. Combining residential apartments with hotel services, Condotels offer dual benefits to investors and customers while meeting the growing demand for leisure accommodations. However, the rapid development of this model has also posed…
28
Nov
Nov
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…
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…
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…
01
Jun
Jun
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…
18
May
May
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…
