Forms of home ownership in Vietnam by foreigners

by BichNgoc

In the trend of international economic integration, one of the important policies contributing to increasing the ability to attract investment is the regulation on home ownership of foreign individuals in Vietnam. LSX Lawfirm will give you an article about: “Forms of home ownership in Vietnam by foreigners”, as follows:

– Housing Law 2014

– Decree No. 99/2015/ND-CP

– Circular No. 19/2016/TT-BXD

What is construction planning in Vietnam?

Accordingly, construction planning means the organization of spaces of urban and rural areas and particular-function zones; the organization of technical and social infrastructure systems; the establishment of an environment suitable to people residing in territorial areas; ensuring the harmony between national interests and community interests; then attaining the socio-economic development, national defense, security, environmental protection and climate change response objectives. Construction planning demonstrated through a construction plan consisting of diagrams, drawings, mock-ups and explanations.

The concept of foreigners, cases where foreigners allowed to own houses in Vietnam

Accordingly, pursuant to the provisions of the Law on entry, exit, transit and residence of foreigners in Vietnam 2014; a foreigner is a person carrying a foreign nationality identification document and a stateless person enters the country. , exit, transit and reside in Vietnam.

Pursuant to the provisions of Articles 7 and 159 of the Law on Housing 2014; a foreign individual allowed to own a house in Vietnam in one of the following cases:

– So, Foreign individuals investing in housing construction under projects in Vietnam in accordance with the Law on Housing and relevant laws;

– Then Foreign individuals allowed to enter Vietnam.

Besides, according to the provisions of the Law on entry, exit, transit and residence of foreigners in Vietnam 2014; a foreigner is a person carrying a document identifying foreign nationality and a stateless person. entry, exit, transit to reside in Vietnam. However, according to current legal regulations, foreign individuals to own houses in Vietnam allowed to enter Vietnam. And to do immigration procedures, you need to have identification documents. Therefore, for foreigners stateless, they are not allowed to own houses in Vietnam.

Forms of home ownership in Vietnam by foreigners

Pursuant to the provisions of Clause 2, Article 159 of the Law on Housing 2014; foreign individuals may own houses in Vietnam through the following forms:

– Firstly, investment in housing construction under projects in Vietnam in accordance with the Law on Housing and relevant laws;

– Secondly, buy, rent-purchase, receive as gift or inherit commercial housing, including apartments and separate houses in housing construction investment projects; except for areas ensuring national defense and security according to regulations. regulations of the Government.

Related article:

Cases of house construction do not require a building permit in Vietnam

Besides, you can refer to the cases where investors have to adjust construction permits in Vietnam, you can also look in the article about What is construction planning in Vietnam?. Along with clarifying “What is construction planning in Vietnam?”, we would like to send you information about types of construction planning according to current laws such as: Bases for formulating construction planning.

Related questions

What means of construction permit?

Construction permit means a legal document granted by a competent state agency to a project owner for construction, repair, renovation or relocation of a work.

Construction permit with a definite period means?

It means a construction permit granted for construction of a work or separate house within a given duration under the plan for implementation of the construction master plan.

Phased construction permit means?

Phased construction permit means a construction permit granted for every part of a work or every work of a project when the construction design of the work or project is not yet completely implemented.

Contact LSX Lawfirm

Finally, hope this article is useful for you to answer the question about: “Forms of home ownership in Vietnam by foreigners”. If you need any further information, please contact  LSX Law firm : +84846175333 or Email: hoangson@lsx.vn

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