The Vietnamese government has officially issued Decree No. 75, providing detailed regulations on piloting commercial housing projects developed through agreements to receive or transfer land use rights.

This new decree guides the implementation of Resolution No. 171, previously passed by the National Assembly, with the goal of removing legal barriers and revitalizing the real estate market, especially in the commercial housing segment.

Decree No. 75 outlines procedures for listing potential land plots for pilot projects, as well as investment processes, construction steps, and other relevant procedures for real estate businesses.

Specifically, once the demand for pilot project implementation is received, within 15 days of the registration deadline, provincial land management agencies must review and assess the proposed plots. They will then compile a list of eligible land plots and submit it to the provincial People's Committee for approval.

If any of the proposed plots fall under land recovery for public-use projects, both the provincial People's Council and People's Committee must jointly review and determine the conversion of land use purposes for the relevant sections.

Once an investment policy for a pilot project is approved, procedures related to land recovery, land allocation, lease agreements, land use conversion, contract signing, land registration, and issuance of land use right certificates will follow current land laws.

Land pricing and financial obligations related to land use for these pilot projects will also comply with existing regulations under Vietnam’s laws on land, taxation, fees, and other applicable legal frameworks.

This pilot program takes effect from April 1, 2025, through March 31, 2030.

The Vinh