Category Archives: Update laws on real estate

Law on Investment will take effect on January, 2021

On 17 June 2020, the new Law on Investment (“New Investment Law”) was passed by the National Assembly of Vietnam. This will take effect on 1 January 2021. Market access conditions for foreign investors The most notable change in the New Investment Law is the introduction of the “negative list” approach, according to which foreign […]

Overview of new and significant regulations in 2020 Law on Enterprises

On June 17, 2020, the National Assembly issued Enterprise Law No. 59/2020/QH14 (“Law on Enterprises 2020”), replacing the Law on Enterprises 2014, effective from January 1, 2021. Some notable points in the new Law are as follows: Adding more entities prohibited from establishing and managing enterprises In detail, the 2020 Law on Enterprises is supplemented […]

Project owners have to pay up to 1 billion dong in fines for late submission of documents required for application for buyers’ house ownership certificates

The Government has promulgated the Decree No. 91/2019/ND-CP prescribing administrative penalties for violations arising in the land and real estate sector. As prescribed by law, within the maximum duration of 50 days from the date of handover of apartments to buyers, project owners must file requests for Certificates issued to buyers, except as buyers file […]