Under the Clause 1, Article 19 of the Law on Protection of Consumer s' Rights 2010 (BVQLNTD) and Article 8 of Decree 99/2011/ND-CP of the Government dated October 27, 2011 detailing and guiding the examination. In the implementation of a number of articles of the Law on protection of consumer’s rights (Decree 99/2011/ND-CP), organizations and individuals trading goods and services on the list promulgated by the Prime Minister must register standard contracts and general tems of transaction (SCGTs) with competent state management agencies in charge of the protection of consumers' rights and only applied to consumers upon completion of registration according to regulations. Apartments purchase and sale is one of the areas that must be registered under these regulations.
On the basis of the Law on Protection of Consumer s' Rights and the registration documents of enterprises, on April 25, 2022, Vietnam Competition and Conssumer Protection Authority (VCCA), the Ministry of Industry and Trade announces that KLB Joint Stock Company has completed the registration of model contracts for apartment sale and purchase contracts in accordance with Article 14 of Decree No. 99/2011/ND-CP. From April 25, 2022, KLB Joint Stock Company is allowed to use the registered form of apartment sale and purchase contract to enter into with consumers.
Information about the company:
Company name: KLB Joint Stock Company.
Address: 4th Floor, Diamond Flower Building, No. 48 Le Van Luong, Nhan Chinh Ward, Thanh Xuan District, Hanoi City, Vietnam.
Area of registration: Apartments Purchase and Sale.
The standard contract of KLB Joint Stock Company has completed the registration procedure which is publicly posted at the address: http://hdm.vcca.gov.vn/?page=hdm
VCCA notes that consumers, before signing an apartment purchase and sale contract with the business, need to:
Firstly, check the satisfaction of the business conditions and the contracting conditions of the enterprise according to other relevant current law provisions.
Secondly, compare the contract form that has completed the registration procedure at an authorized consumer protection agency with the contract form provided by the enterprise.
Thirdly, carefully study the content annotated by enterprises and the consumer rights protection agency recommended in the blank sections of the registered contract for careful consideration before entering into a contract.