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Official Gazette

Wednesday, November 25, 2020
Tags: the Ministry of Construction
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.
VN eyes development of smart cities VN eyes development of smart cities
Smart cities hold the answer to the modern world's problems including rising population, pollution, traffic congestion, climate change and even global-scale disasters such as the COVID-19 pandemic, according to experts.
Penalties for breach of construction contracts Penalties for breach of construction contracts
In the context that there are different regulations of the Civil Code, the Commercial Law and the Construction Law regarding the maximum amount of penalty for breach of construction contract, this article will discuss about two legal issues: (i) principles for resolution of the conflict of laws that regulate construction contracts between the Civil Code, the Commercial Law and the Construction Law and (ii) the maximum amount of penalty for breach of construction contracts (including both state-funded construction works and private construction works).
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.
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.
Ministries demand more airports open to private investment Ministries demand more airports open to private investment
Five ministries have universally rejected a proposal by the transport ministry to restrict private investment in the country’s biggest airports and instead hand the job to a single company.
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.
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.
Condotel property market in urgent need of new regulations standards Condotel property market in urgent need of new regulations, standards
A legal framework covering condotel properties is urgently needed to protect the rights of both developers and buyers and to ensure sustainable development.
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.

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