New Housing Law and Real Estate Business Law for Vietnam
22 December 2014
Mayer Brown JSM Legal Update
On 25 November 2014, the National Assembly passed the Housing Law and the Law on Real Estate Business. The passage of these two laws regarded as a long-awaited legislative breakthrough that establishes a transparent legal framework to meet the changing needs of Vietnam’s real estate market. The two laws will take effect on 1 July 2015 and are expected to have a positive impact on the real estate market.