Vietnam Supreme People's Court Issues Guidance on Real Estate Deposit Disputes
The Supreme People's Court of Vietnam has issued new guidelines for resolving disputes related to real estate deposits. The guidance addresses various issues including transaction validity, breach of contract, penalties, damages, jurisdiction, and statutes of limitations, likely in response to market speculation and rising fraud risks.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Vietnamese Dong Weakens Against Stronger Dollar Amid Global Tensions
The Vietnamese dong weakened against the U.S. dollar, mirroring a global trend of dollar strength. Escalating Middle East tensions and upcoming U.S. inflation data have made investors cautious, leading to higher dollar selling rates at Vietnamese banks. The State Bank of Vietnam also adjusted its reference rate downwards.
- Shark Thuy Indicted for Alleged $350 Million Fraud Against 10,000+ Investors
Nguyen Ngoc Thuy, known as 'Shark Thuy,' a prominent investor in Vietnam, has been indicted for alleged fraud within the Egroup education ecosystem. He is accused of misappropriating nearly VND 8.5 trillion (approx. $350 million) from over 10,000 individuals, sending shockwaves through the country's education sector.
- Vietnam's Top Leader Meets with Outstanding Business Representatives
Vietnamese President and Party General Secretary To Lam met with outstanding business representatives ahead of Vietnamese Entrepreneurs' Day. The meeting focused on the current state and challenges of economic growth, exchanging views on future development, and reinforcing cooperation between the government and the business sector.
- Vietnam and EU Deepen Strategic Partnership with Enhanced Cooperation in Economy, Law, and Environment
Vietnam and the EU have agreed to deepen their comprehensive strategic partnership, enhancing cooperation in key areas such as economy, law and justice, and environment and sustainable development. The EU is a significant market for Vietnam, and both sides will also strengthen collaboration in education and innovation, bolstering Vietnam's economic growth and international standing.