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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…
21
May
May
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…
17
Mar
Mar
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…
05
Feb
Feb
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…
26
Jan
Jan
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…
