Vietnam enacts key property market-related laws five months early
Three amended laws will greatly influence Vietnam's real estate market when they come into force on August 1, five months ahead of schedule.
To this effect, the National Assembly, the country's parliament, on Saturday passed a law on amendments and supplements to the 2024 Land Law, the 2023 Law on Housing, the 2023 Law on Real Estate Business and the 2024 Law on Credit Institutions.
The National Assembly passes a law on amendments and supplements to the 2024 Land Law, the 2023 Law on Housing, the 2023 Law on Real Estate Business and the 2024 Law on Credit Institutions on June 29, 2024. Photo courtesy of the parliament's news portal.
Presenting a report explaining the amendments, Chairman of the National Assembly Economic Committee Vu Hong Thanh stated that the early implementation of the three laws related to the property market is both a wish and a requirement of the legislature.
Since the laws were passed, the government and Prime Minister Pham Minh Chinh have directed ministries, agencies, and localities to develop detailed regulations and guiding documents for their enforcement.
“The government has committed to directing the enforcement of the laws, ensuring quality and progress, avoiding legal gaps, and preventing any misuse of policies or legalization of violations,” he stressed.
The cabinet is responsible for the effectiveness of enforcement date adjustments and transitional provisions of the laws, as well as handling any issues arising after they become effective, he added.
The National Assembly Standing Committee noted that the new Land Law, Law on Housing, and Law on Real Estate Business institutionalize many new policies and guidelines from the Party and State, fixing the limitations of the previous versions.
Many provisions are innovative and progressive, expected by the people and society to drive socio-economic development in the new period, it said, adding they can be applied immediately without needing detailed guiding documents.
The Land Law was passed by the parliament on January 18, 2024, while the Law on Housing and the Law on Real Estate Business were approved in November 2023.
The enforcement of the laws is expected to improve the legal framework for the sustainable and healthy development of the Vietnamese property market, lawmakers and industry insiders have said.
- Related News
- Read More
Northern Vietnam port city Hai Phong charts sustainable growth path for free trade zone
The establishment of Hai Phong Free Trade Zone (FTZ) is a strategic direction that will elevate the role and position of Vietnam in general and Hai Phong in particular within the global value chain, heard a conference held in the northern port city last week.
Economy - Fri, December 19, 2025 | 8:12 pm GMT+7
Construction begins on $32.5 bln Red River Scenic Boulevard project in Hanoi
The gigantic project Red River Scenic Boulevard, with a preliminary investment of about VND855 trillion ($32.49 billion) in Phu Thuong ward, Hanoi, broke ground on Friday.
Real Estate - Fri, December 19, 2025 | 4:57 pm GMT+7
Major Vietnamese groups kick off mega projects in south-central Vietnam
Vingroup, BIN Corporation, Hoa Phat, and FPT simultaneously broke ground on large-scale projects in south-central Vietnam on Friday, raising expectations for new national growth momentum in the coming period.
Economy - Fri, December 19, 2025 | 4:36 pm GMT+7
Mega-airport Long Thanh in southern Vietnam welcomes first passenger flights
The first passenger flights touched down at Long Thanh International Airport in Dong Nai province on Friday morning, marking the inaugural civil aviation operation at Vietnam’s largest airport.
Economy - Fri, December 19, 2025 | 2:07 pm GMT+7
Vingroup starts work on $35.2 bln Olympic Sports Urban Area on Hanoi outskirts
Vingroup (HoSE: VIC), Vietnam's leading private conglomerate, on Friday broke ground on its 9,171-hectare Olympic Sports Urban Area project in Hanoi, which is expected to become a new growth engine for the southern part of the capital in the next decade.
Real Estate - Fri, December 19, 2025 | 1:59 pm GMT+7
Vietnam telecom giant VNPT establishes AI company
State-owned Vietnam Posts and Telecommunications Group (VNPT) on Thursday launched subsidiary VNPT AI, aiming to bring Vietnamese AI products to international markets.
Companies - Fri, December 19, 2025 | 11:50 am GMT+7
Quang Ngai Sugar develops sugar, biomass power projects worth $179 mln in central Vietnam
Quang Ngai Sugar JSC (UPCom: QNS), a top sugar producer in Vietnam, will simultaneously hold groundbreaking or inauguration ceremonies on Friday for three projects worth over VND4.7 trillion ($178.5 million) in Gia Lai province.
Companies - Fri, December 19, 2025 | 8:05 am GMT+7
Vietnam defeat Thailand to win men’s football gold at SEA Games 33
After conceding two goals in just over 30 minutes, Vietnam reversed the situation to finally beat host nation Thailand 3-2 in the men’s football final of the 33rd SEA Games.
Society - Thu, December 18, 2025 | 10:43 pm GMT+7
Sun Group to commence construction on 5 landmark projects worth $5.7 bln
Sun Group is scheduled to start construction of five large-scale projects across Vietnam’s three regions on Friday, with a total investment of nearly $5.7 billion.
Companies - Thu, December 18, 2025 | 8:39 pm GMT+7
Unpaid credit card balances in Singapore hit record high in 10 years
Singapore's credit card debt has exceeded SGD9.07 billion (about $7 billion) in 2025's third quarter, a 10-year high that was last seen in 2014.
Southeast Asia - Thu, December 18, 2025 | 7:54 pm GMT+7
Thailand, Japan deepen transport, infrastructure cooperation
Thai Deputy Prime Minister and Minister of Transport Phiphat Ratchakitprakarn has met with Japanese Ambassador Otaka Masato to advance cooperation in Thailand’s transportation and infrastructure projects.
Southeast Asia - Thu, December 18, 2025 | 7:50 pm GMT+7
Masan's FMCG arm MCH to list on HCMC bourse at $8 per share, valuation tops $8.6 bln
Masan Consumer Corporation (UpCoM: MCH), the fast-moving consumer goods arm of Vietnam’s Masan Group, will officially debut on the Ho Chi Minh City Stock Exchange (HoSE) on December 25, with a reference price set at VND212,800 ($8.08) per share.
Companies - Thu, December 18, 2025 | 4:57 pm GMT+7
Sun Group-led consortium to build $616 mln Red River bridge in Hanoi
Hanoi authorities have approved a consortium led by Sun Group as the investor for the Tran Hung Dao bridge project, with a total investment estimated at VND16.27 trillion ($616.14 million).
Infrastructure - Thu, December 18, 2025 | 3:26 pm GMT+7
Shinhan Bank Vietnam accompanies SMEs in promoting cashless payments
With modern, secure and convenient payment solutions designed to meet the specific needs of businesses, particularly the SME segment, Shinhan Bank Vietnam continues to accompany enterprises in building a modern corporate image and keeping pace with the digital economy.
Banking - Thu, December 18, 2025 | 2:10 pm GMT+7
JC&C to divest 4.6% stake at Vietnam's dairy giant Vinamilk to F&N for $228 mln
Singapore-listed Jardine Cycle & Carriage Limited (JC&C) has announced the sale of more than 96 million shares, or a 4.6% stake, in Vietnam’s dairy giant Vinamilk (HoSE: VNM) to F&N Dairy Investments Pte. Ltd., part of the Fraser and Neave (F&N) group controlled by Thai billionaire Charoen Sirivadhanabhakdi.
Companies - Thu, December 18, 2025 | 1:36 pm GMT+7
Siemens to supply high-speed trains, key railway systems to Vingroup's subsidiary VinSpeed
Siemens Mobility on Wednesday signed a comprehensive strategic cooperation and high-speed railway technology transfer agreement with VinSpeed, a unit of Vietnam’s Vingroup, to supply high-speed trains and key railway systems for planned rail projects in Vietnam.
Companies - Thu, December 18, 2025 | 1:24 pm GMT+7
