VCI LEGAL PARTNER KENT WONG INTERVIEWED BY REATIMES ABOUT VIETNAM’S REAL ESTATE MARKET

In recent years, investment flow from Europe has become important for Vietnam’s real estate market. Such foreign investment shows the strength of the real estate market as well as Vietnam’s international economic integration. However, there are still some barriers due to simple reasons.

On September 9, 2019, Mr. Kent Wong and Mr. Tran Thai Binh, legal […]

NEW POINTS OF PUBLIC INVESTMENT LAW 2019

The Public Investment Law 2019 (“PIL 2019”) was adopted by the National Assembly on June 13, 2019 with several highlights to facilitate the process of project preparation, easier procedures and a strong hierarchy. PIL 2019 also contributes to the improvement of disbursement rates of public investment capital (“PIC”) and ensures the effective use of PIC. […]

GUIDELINES FOR PROVIDING AUTHORIZATION DOCUMENTS WHEN SIGNING THE BIDDING APPLICATION

On January 24, 2019, the Ministry of Planning and Investment (“MPI”) issued Official Letter No. 623/BKHDT-QLĐT to an investor, guiding the implementation of the Law on Bidding. In particular, the MPI instructed the provision of authorization documents in cases where the contractor’s legal representative authorizes a subordinate to sign a bidding application.

Specifically, based on the […]

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