Vietnamese
Cap on foreign ownership in Vietnam’s realty market
Foreign organizations and individuals can now own up to 30 percent of the total apartments of a condominium, according to a new decree that became effective on August 1.
Decree No. 101/2024/ND-CP on the issuance of the certificate of land use rights
Decree No. 101/2024/ND-CP on the issuance of the certificate of land use rights
The Government issue Decree No. 101/2024/ND-CP on primary investigation for land; registration and issuance of certificates of land use rights and land information system, including Articles as follows:
Construction-related violators might be fined up to VND 1 billion
Construction-related violators might be fined up to VND 1 billion
The Ministry of Construction is working on draft revisions of Decree 16 of 2022, proposing to raise the maximum administrative fine to VND 1 billion (USD 39,500) for various construction violations in real estate business and housing development.
More regulations on determination of related-party transactions proposed
More regulations on determination of related-party transactions proposed
The Ministry of Finance is working to revise Decree No. 132/2020/ND-CP, adding regulations regarding the determination of related-party transactions between enterprises and credit institutions.
Investment Support Fund to be formed to support hi-tech investment and green transformation
Investment Support Fund to be formed to support hi-tech investment and green transformation
The Investment Support Fund, an off-budget state financial fund, would be formed with the function of receiving, managing and using financial support in cash and in kind to finance and support high-tech investment activities and green transformation.
Use duration of condominiums contains no provision thereon
Use duration of condominiums contains no provision thereon
On November 27, 2023, the National Assembly approved the Housing Law No. 27/2023/QH15.
Archives Law aims to develop a modern archives sector
Archives Law aims to develop a modern archives sector
Vietnam’s archives sector will be built to be modern, meeting the requirements on state management and modernization of the administrative system serving the people, says the 2024 Archives Law.
Draft circular on securities market upgrade to be released
Draft circular on securities market upgrade to be released
The Ministry of Finance will announce the final draft circular regarding upgrading Vietnam's securities market and operating the Korea Exchange (KRX) system this week.
07 cases of not providing factoring from July 01, 2024
07 cases of not providing factoring from July 01, 2024
On June 28, 2024, the State Bank of Vietnam issues Circular No. 20/2024/TT-NHNN prescribing factoring and other services related to factoring of credit institutions, and foreign bank branches.
Standard social assistance level of up to VND 500,000 applied from July 1, 2024
Standard social assistance level of up to VND 500,000 applied from July 1, 2024
The Government issues the Decree No. 76/2024/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 20/2021/ND-CP providing social assistance policies for social protection beneficiaries.
Revised Law on the Capital enacted
Revised Law on the Capital enacted
The revised Law on the Capital was passed by the 15th National Assembly on June 28, 2024.
