Three amended laws relating to real estate market to take effect 5 months earlier 

The 15^th National Assembly’s 7^th session on June 29 passed a law on amendments and complements to Law No. 31/2024/QH15 on Land (Land Law), Law No. 27/2023/QH15 on Housing (Law on Housing), Law No. 29/2023/QH15 on Real Estate Business  (Law on Real Estate Business) and Law No. 32/2024/QH15 on Credit Institutions (Law on Credit Institutions).

Accordingly, the three laws relating to the real estate market, namely the Land Law (with the exception of clauses 2 and 3, Article 252, which regulate the effective date for Articles 190 and 248 from April 1, 2024), the Law on Housing and the Law on Real Estate Business will take effect from August 1, 2024, five months earlier than initial schedule.