What conditions are not needed for foreigners to buy a house in Vietnam?

DangKhoi August 27, 2021

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Posts : What conditions are not needed for foreigners to buy a house in Vietnam? In the section LSX Lawfirm

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What conditions are not needed for foreigners to buy a house in Vietnam? Foreigners can buy houses in Vietnam; However, in order to buy a house, certain conditions must be met. Let’s find out in this article with LSX Law firm.

The subjects are foreigners?

So a foreigner means a person with the nationality of another country; who is working, studying, living in the territory of the Socialist Republic of Vietnam.

A Stateless person is a person who has no nationality and resides in the territory of Vietnam.

Conditions for foreigners to buy houses in Vietnam:

According to Clause 1, Article 159 of the Law on Housing 2014; Foreign organizations and individuals who can own houses in Vietnam include:

Organizations; foreign individuals investing in housing construction under projects in Vietnam in accordance with the Law on Housing; related laws.

Enterprises with foreign investment capital; branches, representative offices of foreign enterprises; foreign investment funds; branches of foreign banks operating in Vietnam (referred to as organizations).
Foreign individuals are allowed to enter Vietnam.

Foreigners can own houses (buy houses in Vietnam) in the following 2 ways:

Investment in housing construction projects in Vietnam;
Buy, rental and purchase; receive as gifts or inheritances of commercial houses, including apartments; separate houses in housing construction investment projects, except for areas reserved for ensuring national defense and security according to the Government’s regulations.

So; the fact that foreigners buy houses in Vietnam is recognized by our state; but with conditions attached; that is they can purchase, rental and purchase only apartment buildings, separate houses in housing construction investment projects.

Procedures for foreigners to buy houses in Vietnam:

According to Article 74 of Decree 99/2015/ND-CP. To buy a house, foreigners must have the required dossier, which is:

Case 1: Conditions for organizations

Organizations must have:

Investment certificate;
Documents allowing them to operate in Vietnam.

* these documents must be:

Issued by a competent Vietnamese state agency;
Still valid at the time of signing the house purchase, rental and purchase contract.

Case 2: Conditions for individuals:

Foreign individuals must meet the following 02 conditions:

Having a valid passport into Vietnam with the entry verification stamp of the immigration department;
Not subject to diplomatic privileges and immunities.

In short, foreigners can buy houses in housing construction investment projects.

Hope this article is useful for you, If you need any further information, please contact LSX Law Firm: 0833102102

Frequently Asked Questions

So, What is rental and purchase?

Rental and purchase of housing; is the prepayment by the lessee to the lessor to purchase 20% of the value of the house; except where the lessee has prepayment conditions, the payment shall not exceed 50%;
The remaining amount; payable, it shall go into house rent to pay monthly to the lessor. within a certain period of time; after the expiration of the lease-purchase period; when the remaining amount has been paid in full; then the lessee has the right to own the house there.

Conditions for foreigners to buy houses in Vietnam?

foreigners can only buy houses in housing construction investment projects; The conditions is on a case-by-case basis.