Vietnam Construction Market Guidelines... Publication of Legal Investigation and Analysis Report

The Overseas Construction Association announced on the 18th that it has published a report titled "Investigation and Analysis of Vietnamese Legislation," which includes an analysis of Vietnamese laws and cases of legal application.

The report provides guidelines that consider potential legal issues from the business planning stage to proactively avoid disputes with clients in the future, including practical precautions and legal countermeasures.

It also interprets complex and difficult subordinate laws and directives written in the local language, covering key issues related to the Investment Law, Real Estate Business Law, Land Law, Housing Law, Urban Planning Law, Construction Law, Architecture Law, Fire and Disaster Prevention Law, Environmental Protection Law, Bidding Law, Public Investment Law, and Public-Private Partnership Investment Law.

When the Ministry of Land, Infrastructure and Transport's Infrastructure Cooperation Team visited Vietnam in 2021, companies entering the market expressed difficulties with complicated permit procedures, project delays, and legal interpretations.

The Ministry of Land, Infrastructure and Transport and the Association recognized the need for a systematic and realistic investigation of the Vietnamese construction and investment development sector and conducted research and analysis with the law firm Sejong to resolve legal issues that Korean companies may face.

Oh Seong-ik, head of the Overseas Construction Policy Division at the Ministry of Land, Infrastructure and Transport, stated, "We will continue to translate and organize laws and detailed regulations of major countries of entry and share them with companies to better support our companies' overseas orders."

The report is available for anyone to view or download on the Overseas Construction Association's website and will also be distributed through biannual corporate briefings and quarterly corporate meetings.

This content was produced with the assistance of AI translation services.