Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 1 - Jan/Feb/Mar 2024
 

Enactment of Law on Land No. 31/2024/QH15

On 18 January 2024, the National Assembly of Vietnam passed a new Law on Land, which will take effect from 1 January 2025. The new law replaces the current Law on Land which was passed in 2013.


The new Law on Land provides for conversion of rental payments for leased land from the State from lump sum payments to annual payments, easing the burden of investors when investing in Vietnam.


The law also recognises the right of foreign-invested enterprises to receive land use rights in the form of capital contribution.


For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann LCT Lawyers
Ho Chi Minh City Office
Saigon Centre, Level 13, Unit 2&3
65 Le Loi Boulevard, District 1
HCMC, Vietnam

Hanoi Office
Lotte Center Hanoi - East Tower
Level 30, Unit 3003, 54 Lieu Giai Street., Ba Dinh Dist.,
Hanoi, Vietnam
http://vn.rajahtannasia.com

Contacts:

Dr Chau Huy Quang
Managing Partner
D +84 28 3821 2382
F +84 28 3520 8206
quang.chau@rajahtannlct.com

Vu Thi Que
Partner/Chairwoman
D +84 28 3821 2382
F +84 28 3520 8206
que.vu@rajahtannlct.com

Lim Wee Hann
Executive Committee Member
D +65 62320606
wee.hann.lim@rajahtann.com

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