INVESTORS OF DELAYED HOUSING PROJECTS TO BE FINED

Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations.

The Government has issued Decree 16/2022/ND-CP on administrative sanctions against violations in the real estate sector.

Specifically, enterprises trading in real estate products which fail to meet the requirements or are not allowed to be traded, selling or leasing houses which have yet to be developed without signing financial guarantee contracts with commercial banks, and collecting money from buyers of property products not in line with the progress of the projects will be also subject to a fine of VND400-600 million each.

Meanwhile, a fine of VND800 million-VND1 billion each will be imposed on investors that illegally transfer part of or the entire projects, illegally mobilize capital and use the capital raised from individuals, organizations and buyers and lessees of real estate products which have yet to be developed for improper purposes.

The same fine will be levied on investors handing over incomplete real estate products to homebuyers, and failing to connect the project with the infrastructure in the region, complete the façade of the property projects and get the official acceptance from the competent agencies.

Moreover, real estate traders failing to establish enterprises or cooperatives for the business, and failing to publicize or insufficiently or incorrectly publicizing the information about projects will be fined VND100-200 million each.

The same fine will be also imposed on those failing to provide information about the progress of projects, disallowing home buyers and lessees to check the progress and quality of projects and illegally collecting real estate transfer fees.

Additionally, investors or owners of housing projects that sign home sale or lease contracts but do not attach the land use rights to the home ownership and do not inform homebuyers of limitations on the home ownership rights (if any) will get a fine of VND120-160 million each.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA

From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.

Sep 24, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER

Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.

Sep 23, 2026

TECHNOLOGY

VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS

Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.

Sep 23, 2026

GARMENT / TEXTILE

VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS

Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.

Sep 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS

Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.

Sep 23, 2026

LEGAL UPDATE / POLICY

FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH

Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.

Sep 23, 2026