Today, LSX Lawfirm will give you an article about: “Types of land use for commercial housing in Vietnam”, as follows:
Legal grounds
Law on Housing 2014
Law on Investment 2020
Related article: Procedures for foreigners to buy apartments in Vietnam
Foreigners buy apartments of Vietnamese individuals
What should foreigners pay attention to when buying a house in Vietnam?
Houses for foreigners in Vietnam
The foreign entities eligible for the homeownership in Vietnam
a) Firstly, Invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law;
b) Secondly, buy, rent and purchase, receive, or inherit commercial housing including apartments and separate houses in the project for housing construction, except for areas under management relating to national defense and security as prescribed in regulations of the Government.
Therefore, if you are a foreign individual coming to Vietnam to invest in housing construction, you can own a house in the following forms:
- Buy
- Then, rent
- Purchase
- Then, receive
- Inherit commercial housing (including apartments and separate houses in the project for housing construction, except for areas under management relating to national defense and security as prescribed in regulations of the Government.)
Types of land use for commercial housing in Vietnam
Firstly, they have the lawful right to use residential land and other types of land permitted by a competent state agency to change the land use purpose to residential land.
Secondly, build commercial housing for lease, lease purchase, or sale on land plots allocated by the State.
Thirdly, build commercial housing for lease on land plots leased out by the State.
Finally, Build commercial housing on land plots which are transferred as prescribed in law on land.
Related questions
Housing means?
Housing means any building in which households or individuals live
Apartment building means?
Apartment building means any multi-storey building which has multiple apartments, public stairs; hall ways, private areas, common areas and common infrastructural works for organizations; households or individuals, including apartment buildings for residential use and mixed-use buildings for both business and residential purposes.
Recognization as house ownership, what conditions must an individual, household or organization meet?
The subject falls into one of the following cases: is an individual, household or organization within the Vietnamese territory; is a Vietnamese individual residing abroad but allowed to enter Vietnam; is a foreign individual or organization but granted an investment certificate by a competent state agency in Vietnam; or other equivalent papers proving investment in housing construction in Vietnam; means an individual of foreign nationality who enters Vietnam and is not subject to diplomatic or consular immunity and privileges.
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