Legal Update 2015 - Decree 76

It has been four months since the new Law on Real Estate Business came into effect (New Law on Real Estate Business) on 1 July 2015, and the Government of Vietnam has introduced its first piece of implementing legislation in the form of Decree 76/2015/ND-CP dated 10 September 2015, providing detailed regulations for implementation of the Law on Real Estate Business (Decree 76). Decree 76 will replace Decree 153/2007/ND-CP of the Government, dated 15 October 2007 (Decree 153), which implemented Law No. 63/2006/QH11, entitled the Law on Real Estate Business, passed by the National Assembly at its Ninth Session on 29 June 2006 (Old Law on Real Estate Business). Decree 76 will take effect as from 1 November 2015.

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