Commentary

- 02 / 08 / 2024 -
ADDITION OF LAND DISPUTE RESOLUTION AUTHORITY TO COMMERCIAL ARBITRATION
For the first time, the 2024 Land Law recognizes the authority of commercial arbitration in resolving land disputes. This breakthrough provision facilitates and accelerates the resolution of disputes. Clause 5 of Article 236 of the 2024 Land Law adds the authority of commercial arbitration in resolving disputes arising from commercial activities related to land. According […]
- 02 / 08 / 2024 -
ABOLITION OF THE REGULATION ON GRANTING LAND TO HOUSEHOLDS FROM AUGUST 1
The 2024 Land Law abolishes the regulation on issuing land use rights certificates to households. Instead, family members will share land use rights as recorded in the certificate.Under the 2013 Land Law, land users included households. However, the 2024 Land Law has removed the regulation regarding households as land users. This abolition addresses difficulties in […]
- 02 / 08 / 2024 -
CONDITIONS FOR MINI APARTMENTS TO BE ISSUED CERTIFICATES OF OWNERSHIP
According to the Housing Law 2023, for a mini apartment to be issued a Pink Book, it must meet specific construction and fire safety conditions. Additionally, the apartment owner must adhere to specific principles as stipulated by this Law. From August 1, 2024, the Housing Law 2023 will officially take effect. Compared to the Housing […]
- 02 / 08 / 2024 -
Termination of Cash Transactions for Real Estate Deals
According to The Real Estate Business Law 2023, all payments for real estate transactions must be made through accounts opened at financial institutions. The Real Estate Business Law 2023 introduces stricter regulations for managing real estate transactions, including a requirement that these transactions must be conducted through accounts at credit institutions. Termination of Cash Transactions […]
- 02 / 08 / 2024 -
Maximum Deposit Limit of 5% for Real Estate Transactions
According to the The Real Estate Business Law 2023, investors are only allowed to collect a deposit of up to 5% of the apartment’s price. Additionally, for purchasing properties under development, the maximum amount that buyers must pay in advance is now limited to 50% of the contract value. The Real Estate Business Law 2023 […]
- 04 / 07 / 2024 -
FROM JULY 01, 2024, SPECIFIC REGULATIONS ON CONDITIONS FOR ISSUING TELECOMMUNICATION OPERATING LICENSES
To meet the trend of transforming telecommunications infrastructure into digital infrastructure and to create a clear and equitable legal environment for businesses, the Telecommunications Law of 2023 has adjusted the conditions for issuing telecommunication operating licenses (in Article 38).   A license for installing telecommunications cables at sea is granted to Vietnamese or foreign organizations […]
- 04 / 07 / 2024 -
NEW REGULATIONS ON E-WALLETS AND PREPAID CARDS EFFECTIVE FROM JULY 1, 2024
Decree 52/2024/ND-CP has revised the definitions and regulations related to e-wallets and prepaid cards to meet practical demands and facilitate electronic transactions while enhancing the efficiency of state management in this sector. According to Article 6 of Decree 52/2024/ND-CP, the regulations on e-wallets and prepaid cards are as follows: E-wallets and prepaid cards are means […]
- 04 / 07 / 2024 -
PROHIBITED CONDUCT UNDER THE ELECTRONIC TRANSACTIONS LAW 2023
The Electronic Transactions Law of 2005 outlined prohibited conduct in electronic transactions. However, to keep pace with the current trend towards cashless payments, on June 22, 2023, the National Assembly issued the Electronic Transactions Law No. 20/2023/QH15, detailing the prohibited conduct as follows: According to Article 6 of the Electronic Transactions Law 2023, eight acts […]