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Official Gazette

Tuesday, January 21, 2020
Tags: 2014 Housing Law
House ownership by overseas Vietnamese House ownership by overseas Vietnamese
Under the 2014 Housing Law, houses are recognized as private property and are not subject to the state management. The Vietnamese State protects the right to housing and lawful house ownership of house owners. Only in case of necessity, may the State decide on compulsory purchase, requisition, preemptive purchase or demolition of houses, provided compensations are paid and resettlement is provided to lawful owners of such houses under Articles 4 and 5 of the Housing Law.
Abolishing conditions for condo operation and management: pros and cons Abolishing conditions for condo operation and management: pros and cons
The Vietnam Chamber of Commerce and Industry has recently submitted a document to the Ministry of Planning and Investment, proposing the removal of the condominium management service from the list of conditional business investment lines in the amended Investment Law.
Legislation on house ownership by foreigners: inadequacies and recommendations for improvement Legislation on house ownership by foreigners: inadequacies and recommendations for improvement
The 2014 Housing Law has new provisions for foreigners to own homes in Vietnam, making a breakthrough in attracting foreigners to work and live in the country. However, the applied term of house ownership for foreigners produces some negative effects that the law fails to anticipate. This article points out inadequacies in the regime of Vietnam-based house ownership by foreigners and gives recommendations for improvement.
Void contracts under current private law of Vietnam Void contracts under current private law of Vietnam
Invalid contracts in general and void contracts in particular are provided in the 2015 Civil Code (the 2015 Code) on the basis of adhering to the principles of recognition, respect, protection and guarantee of civil rights; the fundamental principles of the civil law; and the principles on performance of civil rights and limitations on performance of civil rights. This article deals with some issues on void contracts under the current private law of Vietnam.
Housing project transfer upon completion of ground clearance to be allowed Housing project transfer upon completion of ground clearance to be allowed
The Ho Chi Minh City Real Estate Association has proposed to Prime Minister Nguyen Xuan Phuc some amendments to the 2013 Land Law.
Businesses rate good and bad regulations Businesses rate good and bad regulations
A list of 114 good regulations and 123 bad regulations was selected among 9,297 nominations sent in by people and organizations from many state agencies, associations and the business community in response to the rating of regulations concerning business activities first ever launched in Vietnam.
Authorities asked to soon demarcate areas subject to foreign property ownership ban Authorities asked to soon demarcate areas subject to foreign property ownership ban
Competent authorities should take prompt action to demarcate areas subject to foreign property ownership ban so as to facilitate foreigners’ purchase of houses in the country.
Inheritance by foreigners in Vietnam Inheritance by foreigners in Vietnam
A new provision of the 2014 Housing Law also allows foreigners to, apart from inheriting the estate, undersign the land use right certificates. This provision aims to help heirs who are overseas Vietnamese or foreigners legally become holders of inherited land use and house ownership rights.
Reform on corporate seals still halfway Reform on corporate seals still halfway
One of the most salient points of the 2014 Enterprise Law is reforming the management and use of corporate seals, aiming to further facilitate investors’ market access and enterprises’ business operations. This article highlights the Law’s new provisions on corporate seals and other relevant regulations on seal management and use. It then puts forward some recommendations to thoroughly reform regulations on corporate seals.
Foreigners may own thirty percent of apartments in a building Foreigners may own thirty percent of apartments in a building
From December 10, foreigners may own up to 30 percent of the total number of apartments in an apartment building.

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