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Notable Points in the Decree Guiding the Law on Housing and the Law on Real Estate Business

The Vietnamese Government recently released legal documents with a major impact on the real estate market, specifically Decree No. 95/2024/ND-CP dated 24 July 2024 (“Decree 95”) which provides details about and guidance for implementation of the Law on Housing No. 27/2023/QH15 (“2024 Law on Housing”) and Decree No. 96/2024/ND-CP dated 24 July 2024 (“Decree 96”) which provides details about and guidance for implementation of the Law on Real Estate Business No. 29/2023/QH15 (“LOREB”). Both decrees took effect on 1 August 2024 and are expected to facilitate the booming real estate market by clarifying a number of articles in the relevant laws. This newsletter will discuss a number of noteworthy points in the newly promulgated decrees,...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

  • Counsel
  • Hanoi / Ho Chi Minh City

Cao Tran 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, and since joining our firm, has provided 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. He is a contributor to a number of legal magazines, and has co-authored several articles and publications on various topics.