Vietnam: New Real Estate Business Law to take effect in 2025

The new law opens up the market while setting boundaries.

In brief

On 28 November 2023, the National Assembly of Vietnam passed the new Law No. 29/2023/QH15 on Real Estate Business ("New Law"), which will come into effect from 1 January 2025 to replace the current 2014 Real Estate Business Law. The New Law aims to introduce more clarity and transparency in the Vietnamese real estate market.


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Contact Information
Yee Chung Seck
Partner at BakerMcKenzie
Ho Chi Minh City
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yeechung.seck@bakermckenzie.com
Lan Phuong Nguyen
Partner at BakerMcKenzie
Ho Chi Minh City
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lanphuong.nguyen@bakermckenzie.com
Phuc Thuy Hien Nguyen
Associate at BakerMcKenzie
Ho Chi Minh City
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thuyhien.nguyen@bakermckenzie.com

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