Highlights of New Real Estate Business Law: Enhanced Home Buyer Protections, Reduced Dispute Risks
PolicyThe new Real Estate Business Law will enhance transparency and disclosure of project information, providing buyers with greater access to accurate and reliable data. This will strengthen consumer protection and mitigate the risk of disputes.
Further alterations sought by investors after draft law talks
PolicyDespite a range of improvements, the latest draft amendments to the Law on Investment 2014 retain several concerns among both domestic and overseas investors, who are urging for further changes ahead, Bich Thuy reported.
Evaluating the progress of foreign property ownership across Vietnam
PolicyEntering into force in July 2015, the Law on Residential Housing No.65/2014/QH13 and the Law on Real Estate Business No.66/2014/QH13 partially lifted the barriers for foreigners pouring money into Vietnam’s real estate market, and thus opened the floodgates for overseas investment in this sector. The two laws have not only simplified the legislation, but also expanded the rights and protections afforded to investors while maintaining certain restrictions to keep them from overrunning funding into Vietnam’s real estate opportunities.
