Foreigners to be permitted to buy houses in Vietnam
The Ministry of Construction has completed a draft scheme on the housing policy for foreigners in Vietnam.
According to this draft, foreigners can buy houses in Vietnam. However, they must be among the following subjects: people who directly invest in Vietnam; those who contribute to the development of Vietnam (receive medals from the Vietnamese government); scientists working in Vietnam; experts and highly-skilled workers working in Vietnam; and those who get married to Vietnamese citizens.
Foreign economic organisations operating in Vietnam can also buy houses for their foreign employees. Foreigners who buy houses in Vietnam must meet the three following conditions as well: living and working in Vietnam; already in Vietnam and allowed to live in Vietnam one year more at least; and buying a house to serve themselves and their families.
Nguyen Manh Ha, Chief of the Ministry of Construction’s Housing Management Agency, said that this policy would be applied first in Hanoi, HCM City and some cities and provinces which have attracted many foreign-invested projects.
Tuoi Tre - May 8, 2007.
|