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Following the passing of the law on real estate business 2023 (please refer to our previous newsbrief for updates on this law), the national assembly also passed the law on land no. The introduction of the land law 2024 has profoundly reshaped vietnam’s real estate sector, bringing a variety of challenges and opportunities for international investors. Key regulations and policies 1.
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New land law, housing law, and real estate business law effective from 1 august 2024, these laws aim to. This article provides a concise overview of the key elements of the law and explores its impact on the real estate market, emphasizing increased transparency and accountability in land allocation. The amended real estate business law will come into effect from 01/01/2025 however, during the october 2023 session, there are still 14 content groups pending formal approval for the amended land law, including (1) project land auction;
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On january 18, 2024, the 15th vietnamese national assembly passed the land law 2024, effective from january 1, 2025, replacing the current land law 2013.
On july 1, 2024, a new law revising vietnam’s regulation of land and real estate entered into effect. In doing so, the national assembly completed the set of three key laws on real estate properties (the two other new laws which were adopted on 27 november late 2023 were the new law on real estate. The land law 2024, the real estate business law, and the housing law are expected to take effect on august 1, 8, which will create major and synchronous changes in the legal environment, which is expected to be early leverage to promote real estate market recovery. Learn about the new land prices in the 2024 law on land and its impact on vietnam's real estate market in 2025 with this article from nt international law firm.
Vietnam’s real estate market experienced significant regulatory and policy changes in 2024, aimed at boosting growth, transparency, and sustainability. 31/2024/qh15 (“lol 2024”), which will become effective on. New provisions of land law 2024 for land prices and the 2025 real estate market effective from january 1, 2025, the land law 2024 is a comprehensive reform, introducing significant changes to vietnam’s real estate (re) market. These changes are expected to shape the market dynamics in 2025 and beyond.
Backgroundthe land law 2024 replaces a land law enacted …
31/2024/qh15 (“ land law ”), the law on real estate business 2023, and the law on residential housing 2023 to bring forward their effective date from 1 january 2025 to 1 august 2024. These laws introduce significant changes to vietnam’s real estate framework. 9 october 2024 on 29 june 2024, the national assembly of vietnam amended the land law no.
