The Land Law (amended), the Housing Law (amended), the Real Estate Business Law (amended) and two articles (200 and 210) of the Law on Credit Institutions (amended) will take effect from August 1, 2024, 5 months earlier than the National Assembly 's resolution.
Morning of June 29, at At the 7th session, with 404/469 delegates participating in the vote, the National Assembly passed the Law amending and supplementing a number of articles of the Land Law No. 31/2024/QH15, the Housing Law No. 27/2023/QH15, the Real Estate Business Law No. 29/2023/QH15, and the Law on Credit Institutions No. 32/2024/QH15.
Accordingly, the laws that are expected to have a positive impact on the real estate market are the Land Law, Housing Law and Real Estate Business Law and two articles (200 and 210) of the Law on Credit Institutions, which will take effect from August 1, 2024, 5 months earlier than the National Assembly's resolution.
Some transitional provisions in 7 articles (from articles 253 to 260) Land Law effective from 1/1/2025.
The National Assembly allows investment projects that are subject to land allocation or land lease without auctioning land use rights in accordance with the provisions of Land Law No. 45/2013/QH13, relevant laws and in accordance with land use planning and plans but have not yet been allocated or leased land to continue to carry out the next steps in the order and procedures for land allocation or land lease to allocate or lease land to investors and project owners in accordance with the provisions of this Law.
The above regulation applies to 2 cases: projects that have selected investors and project owners from July 1, 2014 to before August 1, 2024; or projects for which investors have submitted valid documents to carry out procedures for selecting investors and project owners before August 1, 2024 and have selected investors and project owners before January 1, 2025.
The selection of investors and project owners for projects specified in this point shall be carried out in accordance with the provisions of the law on investment, the law on housing, and the law on bidding in effect at the time of dossier submission.
The National Assembly also abolished Resolution No. 132/2020/QH14 dated November 17, 2020 of the National Assembly piloting a number of policies to remove obstacles and backlogs in the management and use of national defense and security land in combination with labor production and economic construction activities from January 1, 2025.
Previously, on behalf of the National Assembly Standing Committee, Chairman of the National Assembly's Economic Committee Vu Hong Thanh presented a report explaining, accepting and revising the draft Law before the National Assembly voted to approve it.
According to Mr. Vu Hong Thanh, many opinions agree with the necessity of promulgating laws to adjust the effectiveness of the four laws, however, there are concerns about ensuring the conditions for law enforcement.
There are opinions suggesting to keep the validity of the laws from January 1, 2025 so that from now until January 1, 2025, agencies focus on developing decrees and circulars carefully and with quality, and localities have access to those decrees and circulars to develop local guidance documents.
There are opinions suggesting to clarify the effective date of the laws from August 1, 2024. There are opinions that the Government has submitted a proposal to amend and supplement a number of articles of the Land Law, Housing Law, Real Estate Business Law, and Credit Institutions Law, so the Government must be responsible for that proposal.
The National Assembly Standing Committee said that there are many innovative and progressive regulations that are expected by the people and society to create momentum for socio-economic development in the new period. At the same time, many regulations in the laws can be applied immediately without the need for detailed guidance documents.
The early implementation of the 2024 Land Law, 2023 Housing Law and 2023 Real Estate Business Law is not only a wish but also a requirement of the National Assembly when voting to pass these laws.
Regarding the conditions for ensuring law enforcement, the Government affirmed that if the National Assembly passes this Law project at the 7th Session, there will still be time for localities to complete and promulgate it according to their authority to ensure progress and quality, and it will take effect from August 1, 2024.
The National Assembly Standing Committee requested the Government to closely direct the issuance of detailed regulations and implementation instructions by ministries, branches and localities, to avoid problems due to lack or delay in issuing specific documents, and to avoid the situation where circulars "wait" for decrees and local documents "wait" for detailed regulations and instructions from the Central Government.
Fully prepare conditions to implement the Laws from August 1, 2024 when this Law is passed by the National Assembly; be responsible according to the provisions of the Constitution and laws for the organization of implementation.
Source: https://baolangson.vn/quoc-hoi-dong-y-cac-luat-ve-bat-dong-san-coa-hieu-luc-truoc-5-thang-5013197.html
Comment (0)