IFC wants land use rights as collateral for loans in Vietnam
PolicyVietnamese law does not allow multilateral international financial institutions such as IFC to use red book, or land use rights certificate, for collateral loans.
Ministry’s new guideline causes difficulties for investors
PolicyThe Ministry of Construction has issued a new guideline asking enterprises to have 100% legal land use right to be designated as project investors. Experts said this is causing difficulties for real estate businesses and may block projects.
