Vietnam’s new Land Law, Housing Law, Real Estate Business Law, and Law on Credit Institutions are all set to come into force from August 1 after being approved by the National Assembly on Saturday.

Whereas some elements of these laws were already in force, the bulk of the reforms contained therein were not due to kick-in until January 2025. These laws, however, have been slated as a cornerstone of the recovery of Vietnam’s real estate industry which, although showing some signs of improvement, is still floundering.

Among the reforms are changes that should open up the local real estate market for Vietnamese living abroad as well as a simplified dispute resolution process.

The big change, however, will be to land pricing. Under the current Land Law, a land price is set every five years by the central government. Using this base-price local governments apply a coefficient to determine the price of land. The new Land Law, however, will remove these complex land pricing regulations with the base price set by local governments and once a year as opposed to every five.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.