The revised Land Law, which was passed by the Vietnamese National Assembly in January 2024, is expected to lure capital from overseas Vietnamese (OV), said Chairman of the Vietnamese Business Association in Australia (VBAA) Tran Ba Phuc.

An overseas Vietnamese (OV) has lauded the revised Land Law, which was passed by the Vietnamese National Assembly in January, highlighting its focus on attracting foreign capital and fostering connections between OVs and their homeland.

The expansion of land use rights for overseas Vietnamese (OV) in the recently passed 2024 Land Law is good news for OVs who want to own real estate in Vietnam, said experts from Savills Vietnam.

The revised Land Law, recently adopted by the 15th-tenure National Assembly, which includes people of Vietnamese origin among land users and increases interests for foreign-invested economic entities, is expected to have positive impacts on the real estate market and the economy at large.

As many as VND531 billion (US$21.7 million) under the VND120 trillion credit package for social housing development has been disbursed, according to Director General of the State Bank of Vietnam (SBV)’s Department of Credit for Economic Sectors Ha Thu Giang.

VOV.VN - Thousands of pilgrims and visitors flocked to Yen Tu Mountain, dubbed the Buddhist land in Vietnam, in northern Quang Ninh province, on February 19 to take part in the opening of the annual spring festival for Buddhist pilgrims.

VOV.VN - The Office of the President on February 19 announced the President’s decision to promulgate the amended Land Law and the amended Law on Credit Institutions which was passed by the National Assembly at its recent extraordinary session.

VOV.VN - Cuban doctors who work at the Vietnam – Cuba Friendship Hospital have a great experience when they celebrate the Lunar New Year, known locally as Tet, with their Vietnamese colleagues.

The Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) and AeonMall Vietnam Co., Ltd on January 30 officially announced a plan to construct an Aeon Mall shopping centre as part of the TTC Plaza Da Nang project, which is developed by TTC Land in central Da Nang city.

The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Vietnam to become a high-income country by 2045.