VIETNAM Trends and Developments Contributed by: Justin Gisz, Minh Duong and Phong Nguyen, Asia Counsel Vietnam Law Company Limited
while also addressing pressing issues arising from the practical enforcement of the Land Law. The draft Resolution proposes several key groups of measures, as follows. • Land use planning and plans – adjustments to overcome procedural and coordination challenges in the approval and implementation of plans. • Land recovery, compensation, support, and reset- tlement – enhancing mechanisms to ensure fair - ness and safeguard the legitimate rights of affected land users. • Land allocation, lease, and conversion of land-use purposes – streamlining administrative procedures to facilitate real estate investment. • Land valuation – refining valuation methods, timing, and data collection to enhance transparency and ensure alignment with actual market conditions. • Land use fees and rent reduction and exemption – streamlining administrative procedures to seek eligibility approval for land use fees or rent reduc - tion and exemption. • Land information system and management com - pletion of the National Land Information System to occur by 2026, as scheduled. Upon adoption, the Resolution will serve as a supple - mental legal instrument that strengthens the effective - ness of land governance and utilisation. It is expected to promote socio-economic development and to sup - port Vietnam’s long-term goal of becoming a high- income, developed nation, and to provide a clearer, more predictable legal environment for investors, enterprises, and land users engaged in land-related activities. The draft Resolution is scheduled to take effect on 1 January 2026 and to remain in force until the Land Law is officially amended. Real Estate Business Law and Housing Law Alongside the Land Law, the Real Estate Business Law and Housing Law, which also took effect on 1 August 2024, have introduced significant changes aimed at attracting further investment into their respective sec - tors.
In particular, the Real Estate Business Law establishes distinct regulatory frameworks for domestic enter - prises and foreign-invested enterprises, specifying the lawful forms and scope of housing businesses, construction projects, and the use of land with tech - nical infrastructure in real estate developments. The Housing Law, meanwhile, strengthens rules on capital mobilisation for commercial housing projects, building upon and clarifying principles set out in prior legisla - tion. However, the practical implementation of the new Real Estate Business Law and Housing Law is likely to require further time to be fully tested in the market. In this regard, the National Assembly is considering further amendments to these key laws, as mandated under Resolution No 105/2025/UBTVQH15 issued by its Standing Committee, outlining the 2026 legislative programme. In accordance with the 2026 legislative programme, the Standing Committee of the National Assembly has resolved to submit a package of 13 draft laws, includ - ing amendments to the Real Estate Business Law and Housing Law, for consideration and adoption at the first sitting of the 16th National Assembly, scheduled for April 2026. The 2026 legislative agenda represents a compre - hensive effort to update, harmonise, and enhance Vietnam’s legal framework across a broad spectrum of public administration, social policy, and economic governance, providing greater clarity, predictability, and investment confidence for stakeholders. Power generation investment projects Power Development Plan In 2023, the Prime Minister of Vietnam formally approved two pivotal national plans which signifi - cantly influence the investment landscape in relation to power generation projects (“Power Projects”) in the country, namely the Eighth National Power Develop - ment Plan (“PDP VIII”) and the National Comprehen - sive Energy Plan (the “NCEP”), governing the period from 2021 to 2030, with a vision extending to 2050. The PDP VIII and the NCEP articulate, among oth - er things, the anticipated energy demand, strategic
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