RISKS WHEN PURCHASING FUTURE-FORMED HOUSING IN VIETNAM

Transactions involving the purchase of future-formed housing offer numerous advantages to both investors and buyers. For investors, this approach serves as a means of raising capital without incurring interest costs to customers. Conversely, for buyers, it provides an opportunity to participate in the construction process, ensuring that the home aligns with their preferences. Additionally, buyers […]

KEY UPDATES ON LAND LITIGATION IN THE LAND LAW 2024 COMPARED TO THE LAND LAW 2013

The Land Law 2024, which has came into effect on August 1, 2024, builds upon the 2013 Land Law and introduces significant changes in the field of land litigation. These amendments aim to resolve land disputes and violations more effectively. Below are the key updates: 1. Regulations on “Land Dispute Mediation” under Article 235 Under […]

Issues related to land rent reductions

Issues related to land rent reductions

Question: We kindly ask for your consultation regarding issues related to the reduction of land rent. In which stages will land rent be reduced? Are internal roads, technical infrastructure, and green areas within the industrial cluster eligible for reductions? Is there any specific document that regulates this? Answer: In response to the Client's questions, we […]

Ownership of housing in Vietnam for Vietnamese citizens residing abroad

Question: I am a Vietnamese citizen residing abroad, and currently, my parents and younger brother are in Vietnam. I would like to purchase a house in Vietnam. In my case, am I allowed to own property in Vietnam? Answer: According to the 2008 Law on Nationality, as amended in 2014, it stipulates that "Vietnamese residing […]

Procedures for issuing and changing Certificates of Land Use Rights and Ownership of Houses and other Land-attached Assets already issued

Question: In 2011, my Company was granted the Certificates of Land Use Rights and Ownership of Houses and Other Land-Attached Assets for a plot located in the High-Tech Land Area where our current factory is situated. However, in 2024, due to administrative boundary changes, the current address of this plot has changed from the address […]

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