As cross-border family relationships become increasingly common, it is not unusual for foreign nationals or overseas Vietnamese to inherit land use rights in Vietnam from relatives. However, inheriting land use rights does not necessarily mean that the heir may obtain a Land Use Right Certificate (“LURC”), commonly referred to as a “Red Book”. Under the […]
In practice, it is not uncommon for a landowner to enter into a deposit agreement for the transfer of land use rights while such rights are currently mortgaged to a bank. The critical legal question is whether the deposit agreement executed under these circumstances is valid and enforceable. 1. Governing Legal Framework The legal nature […]
Is it allowed to contribute capital by land use rights? Clause 1, Articles 34 of the 2020 Enterprises Law Enterprise stipulates that: “1. Contributed assets include VND, convertible foreign currencies, gold, land use right (LUR), intellectual property rights, technologies, technical secrets, other assets that can be converted into VND.” Thus, law allows capital contribution in […]