Press Release: VIR INTERVIEW ON DECREE 37 AND LAW ON PLANNING

On May 7, 2019, the Government of Vietnam issued Decree No.37/2019/ND-CP, guiding the implementation of the Law on Planning.

Kent Wong, vice-chairman of EuroCham’s Legal Sector Committee and partner at VCI Legal, was invited to deliver his expert opinions about the benefits which the new Decree and Law on Planning in Vietnam would bring to the […]

INVESTMENT DISPUTE RESOLUTION IN VIETNAM

With stable and high economic growth, Vietnam is currently a country with the highest investment attractiveness in the region. However, the movement of these investment flows is also a potential risk as the number of disputes has increased and the nature of these disputes is more complex than before. The question is what we should […]

REAL ESTATE

Overview

As a result of encouraging investment policies enacted and increased participation of new investors, the Vietnamese real estate market has been up in the last 3 years. Vietnam finds itself in a favourable context to improve its infrastructure and economic competitiveness with the onset of finalised trade treaties such as European Union Vietnam Free Trade […]

New Decree detailing the Law on Residential Housing 2014

The Vietnamese Government has issued Decree No. 99/2015/ND-CP1 (“Decree 99”) dated 20th November 2015, detailing some articles of the Law on Residential Housing 20142, with some main contents as follows:
1. Provides for documents proving house ownership eligibility:
– Overseas Vietnamese :

An unexpired Vietnamese passport that bears the entry seal of Vietnamese immigration authorities; or
An unexpired foreign […]

By |December 29th, 2015|Real Estate & Construction|0 Comments

LAW ON REAL ESTATE BUSINESS 2014

On November 25, 2014, the National Assembly passed the Law on Real Estate Business No. 66/2014/QH13 (“Law on Real Estate Business 2014”), which will take effect on July 1, 2015 and replace Law on Real Estate Business No. 63/2006/QH11.

Remarkable regulations of the Law on Real Estate Business 2014 are as follows:

Conditions of real estate (“RE”) […]

By |January 13th, 2015|Real Estate & Construction|0 Comments

RESIDENTIAL HOUSING LAW 2014

On November 25, 2014, the National Assembly passed Residential Housing Law No. 65/2014/QH13 (“Residential Housing Law 2014”),1 taking effect from July 1, 2015, with several notable provisions, as follows:

The time of transfer of residential house ownership: under the current law, the notarization of contracts (in case of transfers between individuals) or the receipt of houses […]

By |January 13th, 2015|Real Estate & Construction|0 Comments

EXPANDING FOREIGN HOUSING OWNERSHIP

On November 25, 2014, the National Assembly passed the Residential Housing Law No. 65/2014/QH13 (“Residential Housing Law 2014”), which takes effect from July 1, 2015.1 The Housing Law 2014 sets out a number of provisions which regulate the right to own houses for foreign organizations and individuals, as follows:

Entities eligible to own houses in Vietnam:

For […]

By |December 19th, 2014|Real Estate & Construction|0 Comments

NEW REGULATIONS ON HOUSE PURCHASE CONTRACTS

On February 20, 2014, the Ministry of Construction issued Circular No. 03/2014/TT-BXD (“Circular 03”) amending Article 21 of Circular 16.1 Circular 03 takes effect from April 8, 2014.

According to Circular 03:

New requirements regarding house purchase contracts:

House purchase contracts applicable to real estate enterprises shall be made in 4 originals of which real estate enterprises […]

By |March 15th, 2014|Real Estate & Construction|0 Comments

LAW ON LAND 2013

On November 29, 2013, the National Assembly passed the Law on Land No. 45/2013/QH13 (“Law on Land 2013”)1. Some key points are as follows:

Land recovery and compensation:

Land recovery cases: In addition to regular cases under the current regulation, the Law on Land 2013 allows the State to recover land plots which are

illegally transferred or donated; […]

By |January 22nd, 2014|Real Estate & Construction|0 Comments

OVERSEAS VIETNAMESE HOUSE OWNERSHIP IN VIETNAM

To help the real estate sector recover after a recent downturn in the market, the Government has issued new regulations enabling foreigners and overseas Vietnamese (“OV”) to own houses in Vietnam.

While the house ownership of foreigners is uniformly stipulated in Resolution No. 19, the issue of house ownership for OV is scattered in a variety […]

By |October 30th, 2013|Real Estate & Construction|0 Comments