On 7 June 2024, Vilasia in collaboration with Baker Tilly A&C, delivered an in-depth training session for Becamex to address the latest updates in Vietnam’s real estate and housing legislation. Held in Binh Duong, this event was pivotal for legal professionals and stakeholders in the real estate sector, focusing on the recent changes brought by the 2023 Real Estate Business Law, the 2023 Housing Law, and the 2024 Land Law.
The session included a detailed overview of the following key areas:
- Classification of Foreign-Invested Organizations: Clarified procedures and conditions applicable to foreign-invested enterprises under the new laws.
- Methods of Accessing Land Use Rights: Discussed various approaches including state land recovery, land lease, and land use right agreements, emphasizing changes in the 2024 Land Law.
- Land Use Fees and Rental Payments: Explained new regulations on land use fees, rental payments, and the possibility of paying land rent once for the entire lease period.
- Transfer of Real Estate Projects and Land Use Rights: Highlighted the conditions and procedures for transferring real estate projects and land use rights, with insights on the implications for foreign investors.
- Specific Characteristics of Industrial Zone Projects: Covered the unique aspects of industrial zone projects, including land recovery, rental incentives, and the special conditions applicable to foreign investors.
- Unique Features of New Urban Area Projects: Addressed the specifics of new urban area projects, including residential, commercial, service, and educational-healthcare zoning.
The training also included interactive case studies, where participants analyzed real-world scenarios to apply the new laws effectively. For example, one case study examined the requirements for a company investing in a 500-hectare industrial park, covering topics like land use right negotiations, forest land use conversion, and worker housing obligations.
Vilasia remains committed to providing cutting-edge legal education and support to its clients, ensuring they are well-prepared to tackle the complexities of the evolving legal framework in Vietnam’s dynamic real estate market.
Nhung Nguyen, Han Duong, Bac Le and Ngu Truong represented Vilasia in delivering the presentation.
About Vilasia: Vilasia is dedicated to delivering exceptional legal services, blending youthful enthusiasm with seasoned expertise. Our firm prides itself on upholding global professional standards while providing deep local insights, seamlessly integrating traditional values with modern technologies to meet the diverse needs of our clients.
