Đào Trung Chính, Director of the Department of Land Resources Planning and Development, Ministry of Natural Resources and Environment, talks to Vietnam News Agency about amending the Land Law to address shortcomings of current policies regarding land in practice.
The new Real Estate Business Law, passed by the National Assembly in November and effective from 2025, could narrow the scope of regulation and tighten conditions for transferring real estate projects.
Despite fluctuations expecting to continue in the Vietnamese real estate market for some months, industry analysts are quietly optimistic that 2024 will mark a turning point for a new cycle of recovery and development.