Knowledge Center

By Duyen Ha Vo (Senior Partner) and Tram Dang (Senior Associate) The landscape of land acquisition in Vietnam is set to undergo a transformation with the impending implementation of the new Land Law, recently approved by the National Assembly and poised to take effect on January 1, 2025.  This article explores the potential implications of these changes on the land acquisitions of developers engaged in real estate, energy, and infrastructure projects. KEY HIGHLIGHTS 1. Land […]

1. New Housing Law The National Assembly adopted the Law No. 27/2023/QH15 on Housing (“Housing Law 2023”) dated 27 November 2023. With effect from 01 January 2025, the Housing Law 2023 replaces the Housing Law 2014, as amended (“Housing Law 2014”). Below are some key provisions of the Housing Law 2023. Housing project developers A housing project developer is defined as an organisation selected to conduct the housing project in accordance with the provisions of […]

By Duyen Ha Vo Senior Partner, VILAF duyen@vilaf.com.vn On January 14, 2024, Vietnam commemorates the fifth anniversary of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) coming into force. This marks a pivotal milestone since specific exceptions granted to Vietnam under the CPTPP commitments cease to be effective on this fifth anniversary.  Consequently, the foreign investor market access rules undergo a permanent transformation, signifying a significant milestone in Vietnam’s foreign investment landscape. Below is […]

On 28 November 2023, the National Assembly adopted the Law on Real Estate Business 2023 (the “LREB 2023”), which will be enforceable from 01 January 2025 and replace the Law on Estate Business 2014 (“LREB 2014”). Below are some notable provisions of the LREB 2023. We note at the outset that our update below is based on a version that was submitted for the National Assembly’s approval at the Sixth session and may subject to […]

1. Reduction of land rentals in 2023 The Prime Minister issued Decision 25/2023/QD-TTg dated 03 October 2023 on the reduction of land rentals payable in 2023 (“Decision 25”). Decision 25 takes effect from 20 November 2023. Decision 25 provides a 30-per-cent reduction in land rentals payable in 2023 for enterprises, organisations, family households and individuals leasing land directly from the State with annual payment pursuant to a decision or a contract or a Certificate of […]