If approved by the National Assembly, the 2024 Land Law, the 2023 Housing Law, the 2023 Real Estate Business Law, and Clause 2, Article 209 of the Law on Credit Institutions will take effect from August 1, five months earlier than the previously approved date. However, before the vote, many items, especially the conditions to ensure the law’s implementation, are still quite in disarray. During the June 17-29 second session of the seventh sitting of the National Assembly (NA), the Government presents to the NA proposed amendments and supplements to some articles of the 2024 Land Law, the 2023 Housing Law, the 2023 Real Estate Business Law, and the 2024 Law on Credit Institutions. The Government has proposed that the effective date for the 2024 Land Law, the 2023 Housing Law, the 2023 Real Estate Business Law, and Clause 2, Article 209 of the Law on Credit Institutions be moved up to August 1, 2024, instead of January 1, 2025. This reflects the Government’s great effort and sense of responsibility. The swift implementation of the NA-approved policies for land, housing, and real estate trading will create a synchronized legal framework to address current difficulties, provide new opportunities, and drive the […]
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