Hà Nội wants to shorten the approval time and create conditions for it to implement transit-oriented development projects that maximise the amount of residential, business and leisure space within walking distance of public transport.
Foreigners buying residences in Vietnam: shortcomings in implementation guidance 09:00 | 07/05/2021
Authorities are making efforts to issue guidance in removing problems for non-nationals when buying property. Lawyer Dinh Tien Hoang from Vietthink Law Firm explains why the number of foreigners who have successfully bought homes in Vietnam remains modest compared to expectations.
Lawyer Dinh Tien Hoang from Vietthink Law Firm
Article 159 of the Law on Housing allows foreign individuals to purchase and own houses if they meet the regulations on entry into Vietnam, or meet the condition of applying for an investment license for housing projects in Vietnam.
According to Decree No.51/2009/ND-CP guiding implementation of some articles of Resolution No.19/2008/NQ-QH12 on piloting permit foreign organisations and individuals to buy and own houses in Vietnam and the 2003 Law on Land, this new regulation is appropriate.