You are an individual who wants to work and live in the territory of Vietnam. Do you want to buy a house in Hanoi, Ho Chi Minh City or Da Nang? LSX Lawfirm will answer the question through the article: “Houses for foreigners in Vietnam” as follows:
Legal grounds
Law on housing 2014
Some definitions about houses in Vietnam for foreigners
Accordingly, Homeowner means any organization, household, or individual having legitimate housing through investment in housing construction, purchase, lease purchase, receipt of gift, receipt of inheritance, receipt of capital contribution, or exchange and other transactions prescribed in this Law and corresponding regulations of law.
Then, Apartment owner means the owner of an apartment or the owner of other areas in an apartment building.
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Houses for foreigners in Vietnam
Foreign entities eligible for the homeownership in Vietnam include:
a) Firstly, Foreign entities who invest in project-based housing construction in Vietnam as prescribed in the Law on housing and corresponding regulations of law.
b) Secondly, Foreign-invested enterprises, branches, representative offices of foreign enterprises, foreign-invested funds and branches of foreign banks operating in Vietnam (hereinafter referred to as foreign organization).
c) Thirdly, Foreign individuals enter Vietnam. It related issue houses for foreigners in Vietnam
The foreign entities eligible for the homeownership in Vietnam if they:
a) Invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law. It related to issue houses for foreigners in Vietnam.
b) 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.
Related questions about: “Houses for foreigners in Vietnam”
Housing means any building in which households or individuals live
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.
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 is allowed to enter Vietnam; is a foreign individual or organization but has been 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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