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Official Gazette

Sunday, June 16, 2019
Tags: Housing Law
House ownership by foreigners in Vietnam House ownership by foreigners in Vietnam
Under Vietnam’s law, foreign organizations and individuals may own houses, including apartments and private houses, built under commercial housing investment projects in areas where they are allowed to own homes.
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.
Charges over property: attachment Charges over property: attachment
Charges are the most commonly used security interest in secured lending in Vietnam. As the charged property remains in the hands of the chargor, there are risks facing the secured banks. To be able to efficiently enforce the charges at a later time, banks should anticipate and prevent those risks at the time of entering into the charge agreements.
Land Law to be revised Land Law to be revised
The Ministry of Natural Resources and Environment (MONRE) has recently introduced a raft of draft amendments to the 2013 Land Law.
Government to cut half of business conditions in 2018 Government to cut half of business conditions in 2018
To promote fast and sustainable economic growth, efforts should be devoted to further improving the business climate and economic competitiveness, reforming specialized inspections of imports and exports and cutting business conditions.
New rules on guarantees for housing projects New rules on guarantees for housing projects
On September 29, 2017, the State Bank of Vietnam enacted Circular 13/2017/TT-NHNN (effective as of November 15, 2017) amending a number of articles of Circular 07/2015/TT-NHNN on bank guarantees (Circular 07). The main changes brought about by the new text relate to guarantees for housing projects and are embedded in Article 12 of Circular 07.
Workshop addresses difficulties in codification of investment regulations Workshop addresses difficulties in codification of investment regulations
The codification of regulations on business investment conditions has realized the spirit of freedom of enterprise enshrined in the 2013 Constitution but there remain difficulties in the process due to disperse regulations in specialized legal documents, heard a recent workshop in Hanoi.
Asset registration brought up for discussion Asset registration brought up for discussion
Regulations on asset registration remain disperse and lack consistency while the ownership registration requested for a number of assets have not yet been ruled, heard a workshop recently held by the Ministry of Justice in Lam Dong province.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
Getting home ownership certificates remains tough for foreigners Getting home ownership certificates remains tough for foreigners
Despite the Government’s policy allowing foreigners to own houses in Vietnam, it is not that easy for them to obtain an ownership certificate.

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