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Vietnam: Five-Month Advance Implementation of New Land Law

On 29 June 2024, the National Assembly of Vietnam decided to change the effective date of the new Land Law No. 31/2024/QH15 (“New Land Law”) to 1 August 2024 (save for certain clauses). This change represents an acceleration by five months compared to the original date (i.e., 1 January 2025) and is accompanied by equivalent changes to the timelines for the new law on real estate business (“New LOREB”) and the new law on housing ("New LOH”). We hope this decision leads to speedy breakthroughs for projects deadlocked by regulatory hurdles under the current Land Law No. 45/2013/QH13 (“Current Land Law”) and saves business sector participants suffering under the stagnation of Vietnam’s real estate sector. This Newsletter introduces several material...To read the full article, please see the PDF file

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Authors

大矢 和秀

Kazuhide OHYA

  • Partner
  • Tokyo Hanoi / Ho Chi Minh City

Stationed in Singapore in 2010 and in Vietnam since 2013, and supported foreign investors in their investments and business development in South East Asia. Provided legal advice on various projects including the following: • M&A deals • infrastructure development projects including smart city, road, and railway • natural resources and energy projects including renewable energy projects • real-estate development projects including residential housing, commercial/logistics, offices, hospitality properties, complex buildings Kazuhide has also advised foreign invested companies in South East Asia in various areas, such as labor, trade, information security, digital regulations, crisis management, and compliance.

カオ・チャン・ギア

CAO Tran Nghia

  • Partner
  • Hanoi / Ho Chi Minh City

Nghia has substantial experience as both in-house and outside counsel, and has worked at a leading law firm and a multinational investment fund in Vietnam. He joined Nishimura & Asahi in 2013, providing legal advice to numerous domestic and multinational clients, including Vietnamese and Japanese corporations, with a focus on M&A, Real Estate, Construction, Infrastructure and PPP, and Energy in Vietnam. He works closely with clients’ business and legal teams to implement innovative solutions to legal challenges.
In addition to his advisory work, he frequently contributes his knowledge of different focus areas to publications, media, and speaking engagements. He has demonstrated his commitment to mentorship and community outreach through his active participation in pro bono work and numerous internal committees during his tenure.