Knowledge Center

The Opportunity and Legal Framework Vietnam is entering a new phase of urban renewal, with over 2,500 aging apartment buildings identified for renovation or reconstruction. Major cities such as Hanoi, Ho Chi Minh City, and Da Nang are leading efforts to modernize deteriorating housing stock, offering a compelling opportunity for real estate investors and developers. To support this transformation, the Vietnamese government has introduced a robust legal framework through the Law on Housing 2024, Decree No. 98/2024/ND-CP, and its amendments (Decree […]

Written by Partner Bui Ngoc Anh and Senior Associate Tung Pham With more than 35 years of foreign investments in Vietnam, various land-use projects, particularly those with less than 50-year term, are approaching expiry. With the new land law and investment law, it is crucial for the investors to understand the regulations on the adjustment/extension of the project operation duration and proactively manage and plan for adjustment/extension application process or even to liquidate the project. […]

Vietnam’s real estate market experienced significant regulatory and policy changes in 2024, aimed at boosting growth, transparency, and sustainability. These changes are expected to shape the market dynamics in 2025 and beyond. Key Regulations and Policies 1. New Land Law, Housing Law, and Real Estate Business Law Effective from 1 August 2024, these laws aim to create a more transparent and structured legal framework for the real estate market. They address inconsistencies and streamline regulations, […]

VILAF’s Counsel Ngan Nguyen recently shared valuable insights on Vietnam’s real estate market and legal landscapes with a business delegation from Malaysia and Singapore at the Asia Real Estate Leaders (AREL) event. Hosted by REHDA Institute, the event took place from 12-15 November 2024 in Ho Chi Minh City. The discussion highlighted several key policies and regulations shaping Vietnam’s real estate market, aimed at achieving Net Zero emissions by 2050 and promoting sustainable ESG practices. […]

Real estate financing is a crucial aspect of the real estate sector, as it provides the necessary capital for development and investment. However, in Vietnam, real estate financing has traditionally been limited by the legal framework governing land use rights and security interests. The Land Law 2024, which will take effect on 1 August 2024*, may change this by introducing a new regulation that allows non-bank entities to take security over land use rights. This […]