Vietnam: Guidance on real estate reporting
Rules governing real estate businesses and the associated investment activities and land issues
Rules governing real estate businesses and the associated investment activities and land i
The government of Vietnam released guidance—Decree No. 02/2022/ND-CP (6 January 2022)—regarding the rules governing real estate businesses and the associated investment activities and land issues.
The guidance enhances certain statutory conditions aimed at increasing information integrity in the real estate sector. For instance, entities that are real estate businesses will have to comply with certain public disclosure requirements within six months (no later than 1 September 2022).
The guidance also removes a minimum legal capital requirement of VND 20 billion and includes an equity ratio requirement for real estate business investors based on land usage area.
Read a February 2022 report [PDF 157 KB] prepared by the KPMG member firm in Vietnam
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.