Review legal provisions on capital mobilization
Review legal provisions on capital mobilization (31/07/2019)
On July 31st, Vice Chairman Tran Van Tan chaired the meeting to review legal provisions on capital mobilization which have been implemented at enterprises in the province.
Reported by the Department of Justice, in addition to contracts, investors in the real esated sector mobilize capital from customers signing a deposit contract, a placeholder contract, which don't meet the conditions prescribed by the Housing Law, Land Law and other relevant legal documents.
According to current provisions, these illegal capital mobilization will be fined under the Decree 139/2017 / ND-CP dated November 27, 2017. 
Mr Tan assigned the Department of Construction to coordinate with the Department of Natural Resources and Environment, relevant departments to review all projects in the province; cooperate with the media to publicize the legal status of each project...

Translator: Nhat Ha

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