The Development of the Law on Future-formed Real Estate Business in Vietnam

Abstract

The future-formed real estate business has emerged in recent years to meet the real estate market demand. It benefits the market but poses various potential risks for investors and customers. As a result, an improved legal framework is required to regulate this type of business. The adoption, amendment, and supplementation of laws on future-formed real estate business to suit the development of the market demonstrates a shift in the Vietnamese government’s perspective on the management and development of the real estate market in the recent decade. This article highlights the development of provisions on future-formed real estate from 2006.