Question

Law on housing in Vietnam No. 65/2014/QH13 dated November 25, 2014, took effect on July 01, 2015 (replaced the Law on Housing No. 56/2005/QH11 dated November 29, 2005, Law No. 34/2009/QH12 dated June 18, 2009, Law No. 38/2009/QH12 dated November 13, 2009, Decree No. 19/2008/QH12 dated June 03, 2008).

Answer

Law on housing in Vietnam 

This Law prescribes new provisions, such as:

Give a clearer interpretation of terms such as residential house, separate residential house, apartment building, commercial housing, official residence;

Prohibited acts;

Extend entities eligible for the homeownership in Vietnam;

Useful life of apartment buildings;

Unilateral termination of lease agreement;

Requirements for mortgage on projects on housing construction and mortgage on housing to be built in the future;

Capital contribution made by jointly-owned houses;

Rights of foreign organizations, individuals as homeowners in Vietnam, and many other new provisions. 

DMS Law firm’s services:

Law on Housing in Vietnam

Attorneys and experts at DMS Law office in Danang, Vietnam have +20 years of work experience in management consulting from small, medium companies to large groups, corporations, foreign invested companies in Vietnam, multinational companies in Vietnam.

DMS Lawyers and Members in Danang, Vietnam have an in-depth understanding of Law on Housing, especially cases involving expats in Vietnam and related laws, such as: Law on Construction, Law on Land, Law on Real Estate Trading, Law on Bidding, Law on Residence and specialized laws applicable to different entities./.

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(Signed)

Lawyer Do Minh Son