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Official Gazette

Wednesday, November 25, 2020
Tags: project owners
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.
Financing projects in industrial zones: a view from practice Financing projects in industrial zones: a view from practice
Industrial zones have become a popular investment destination for foreign businesses. It is common now in practice to finance projects carried out in industrial zones and/or to take security over real estate located in those industrial zones. However, since the legal framework on lease of land in industrial zones remains complicated and has its limitations, such financing may turn risky for credit institutions in certain circumstances and at some stages. This article tries to present some legal aspects of extension of credit secured by real estate in industrial zones and suggest how to manage legal risks for credit institutions.
Construction Ministry to cut time for construction permits Construction Ministry to cut time for construction permits
The Ministry of Construction has proposed to shorten the time for grant of construction permits for construction investment projects from the current 30 days to 20 days, regardless of the projects’ type and scale. In the meantime, the time limit for granting permits for separate houses would remain 15 days.
How to shape a legal framework for the condotel market How to shape a legal framework for the condotel market
The case of Cocobay stirs concerns about the future of condotel complexes, a type of property projects which has been mushrooming all over the country in the past few years. It also gives rise to an urgent need to shape a legal framework for condotel development, ownership and management which would facilitate the operation of real estate developers and investors as well as state management work of authorities.
Law on Environmental Protection to be revised for sustainable development Law on Environmental Protection to be revised for sustainable development
The Ministry of Natural Resources and Environment has proposed a draft law revising the 2014 Law on Environment Protection which is expected to reduce administrative procedures without affecting the environmental protection management, and add provisions on environmental protection associated with sustainable development.
Top ten legal documents in 2019 Top ten legal documents in 2019
Selected by Vietnam Law and Legal Forum magazine, these include the Labor Code, the Law on Exit and Entry of Vietnamese Citizens, Prime Minister Decision 1068/QD-TTg,Law on Tax Administration, and a Prime Minister Decision adopting the national strategy for intellectual property rights, among others.
New regulation gives clearer policies for construction cost management of public projects New regulation gives clearer policies for construction cost management of public projects
State-funded projects will be subject to the new rule on management of construction investment costs, reads a decree recently issued by the Government.
IP activities need to improve for the countrys development and international integration IP activities need to improve for the country’s development and international integration
Against the backdrop of rapid development of science and technology, intellectual property (IP) has become one of powerful tools for countries to raise the competitiveness of their businesses and national economies. As for Vietnam, it is a must to increase the effectiveness of IP activities to seize opportunities and overcome challenges facing the country in the course of national development and international integration.
Top 10 legal documents in 2018 Top 10 legal documents in 2018
Selected by Vietnam Law and Legal Forum magazine, these include the Law on Cyber Security, the Anti-Corruption Law, guiding texts of the Law on Foreign Trade Management, Government Decree 86/2018/ND-CP on foreign cooperation and investment in education, among others.
New Law on Topography and Cartography New Law on Topography and Cartography
The Law on Topography and Cartography, which is the first of its kind in Vietnam, can be seen as a legal framework for the development of the topography and cartography sector in the country.

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