LEGAL UPDATES - JULY 2024 - NEW LAW ON REAL ESTATE BUSINESS

The National Assembly of Vietnam has passed the new Law on Real Estate Business No. 29/2023/QH15 which will become effective from 1 August 2024. The New Law with substantial amendments and additions is expected to address and resolve a number of long-standing legal difficulties that had previously impeded the development of the industry.

Please refer to our Legal Update here for certain notable points which may be of interest.