The Vietnamese government is set to implement new laws and decrees related to land, housing, and real estate business from August 1, 2024. These changes aim to professionalize the real estate market and improve transparency.
- New laws and decrees will reshape Vietnam’s property market and professionalize real estate brokerage, aiming for better transparency and growth.
- The new regulations will create favorable conditions for project developments and improve transparency and security in real estate trading activities.
- The nationwide land inventory starting from August 1, 2024, aims to assess land management, support economic activities, and establish land use strategies for the coming years.
In addition, a nationwide land inventory will be conducted to assess land management and propose measures to improve land use efficiency. The government anticipates these measures will lead to a more transparent, regulated real estate market and create favorable conditions for project developments. Companies operating in the real estate sector are advised to stay updated on these changes and consider adopting technology to better engage with customers.
Source : Vietnam’s Real Estate Market: New Laws in Effect from August 1, 2024 (vietnam-briefing.com)
This article was first published by ASEAN Briefing which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to info@dezshira.com.
