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Official Gazette

Wednesday, November 25, 2020
Tags: apartment
Management of condo maintenance funds to be tightened Management of condo maintenance funds to be tightened
Apartment purchasers and hire-purchasers would pay expenses for maintenance of sections under common ownership in condominiums into an account opened by their housing project owners at a credit institution lawfully operating in Vietnam, instead of making direct payment to project owners as at present.
Foreigners purchased about 16000 real estates in Vietnam Foreigners purchased about 16,000 real estates in Vietnam
Foreigners have bought some 16,000 housing properties across the country since they were allowed to do so in 2015, according to the Ho Chi Minh City Real Estate Association.
Youngsters encouraged to marry by 30 and have two children by 35 Youngsters encouraged to marry by 30 and have two children by 35
Prime Minister Nguyen Xuan Phuc on April 28 inked Decision 588/QD-TTg approving the birth rate adjustment program toward 2030 which encourages people to get married before they are 30 and have children early, preferably before 35.
Conflicts of interest between the lessee and the chargee of an asset: a view from secured lending practice Conflicts of interest between the lessee and the chargee of an asset: a view from secured lending practice
In lending practice, leasing out a charged asset is common practice for the chargor to exploit the value of such asset. There are still loopholes and drawbacks in the legal framework governing the relationship between the lessee and the chargee of an asset. For this reason, there are many risks facing banks as chargees.
More regulations needed to promote condotel market development More regulations needed to promote condotel market development
Detailed regulations are needed to promote a healthy condotel market, which has been going off-track for years due to an unclear legal framework, experts have said.
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.
Dealing in agricultural property: a growing trend in Vietnams real estate market Dealing in agricultural property: a growing trend in Vietnam’s real estate market
Over the last few years, in addition to such traditional real estate products as land use rights, houses and construction works, Vietnam’s property market has seen the emergence of many new types of realty, e.g., serviced apartment, co-working space, tourism property, and agricultural property. This article analyzes the legal framework for agricultural property which has become more and more popular in the country and drawn the attention of both domestic and foreign investors.
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.
Management of apartment building maintenance funds clarified Management of apartment building maintenance funds clarified
The Ministry of Construction has publicized a draft circular on the Regulation on the management and use of apartment buildings, requiring each apartment building maintenance fund to have three to five account co-holders.
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.

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