New Land Laws Revitalize Viet Nam’s Real Estate Sector

Viet Nam’s real estate sector expects its market revitalization with three new laws, the Land Law, Housing Law, and Real Estate Business Law came into effect recently. With over 10 related decrees and circulars issued recently, these laws are expected to remove many bottlenecks and unlock resources.

For feasible projects currently hindered by legal procedures, the new regulations will provide localities with specific solutions, thus increasing market supply. Investors also benefit from exemptions on land use fees and land rent. Along with stricter regulations, the three land laws help prevent price inflation and manipulation, thus enabling buyers to access social projects at reasonable prices.