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Real estate business Law no. 66/2014/QH13 dated November 26, 2014 of the National Assembly on amendments to Investment Laws
Author: Updated: 13/01/2015 Views: 1


The sales and leases of unrealized real estate assets by the developers must be secured by a credit institution:

Article 56 of LORE 2014 requires real estate developers to have their sales and leases of unrealized real estate secured by credit institutions. The terms and fees of security are up to the parties' consent formalized by contracts. These contracts are valid until the real estate assets are transferred to the buyers and/or the lessees.

Conditions to do real estate business:

Enterprise registration and a minimum charter capital of VND 20 billion: To qualify for conducting real estate business, either an individual or an organization must register as an enterprise with a minimum legal capital to be defined by Vietnam's Government as being no less than VND 20 billion as opposed to VND 6 billion in the current law. There are some exceptions for the rule of enterprise registration, yet these exceptions are left to be defined by the Government in subsequent guidelines.

The date of transferring of housing ownership: Article 19 of LORE 2014 dictates the date of transferring housing ownership to be the date which the seller hands over the property to buyer.


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Copyright of Danang Investment Promotion Agency

License No. 124/GP-STTT by Authority of Danang Department of Information and Communications issued on February 20, 2017

Subsidiary Responsible Person: Mrs. Huynh Lien Phuong - Director of Danang Investment Promotion Agency