The Law on Housing 2014 stipulates that foreigners are not allowed to buy real estate in Vietnam, but still own a house but must comply with legal procedures.
– Accordingly, Article 159 of the Law on Housing 2014 regarding the purchase (ownership) of a house stipulates that foreigners are allowed to own houses in Vietnam, including:
– Foreign organizations and individuals that invest in the construction of houses under projects in Vietnam in accordance with this Law and relevant laws.
– Foreign-invested enterprises, branches, representative offices of foreign enterprises, foreign investment funds and foreign bank branches operating in Vietnam (hereinafter collectively referred to as foreign organizations out)
– Foreign individuals are allowed to enter Vietnam.
– In addition, the Law also mentions that foreigners can only own houses in Vietnam through one of the following forms:
– Invest in the construction of project-based houses in Vietnam in accordance with this Law and relevant laws.
– Purchase, lease-purchase, donation or inheritance of commercial houses including apartments and detached houses in housing construction projects, except for areas under national defense and security regulations. Government regulations.
– As a rule, foreigners who want to buy houses in Vietnam are only allowed to buy houses (including apartments and detached houses) in commercial housing construction projects, except in secure areas. defence security.
– Regarding the receipt of land use right transfer: Pursuant to the provisions of Articles 5 and 169 of the 2013 Land Law, foreigners are not subject to land allocation, land lease or recognition by the State, receive land use rights in Vietnam.
– As a result, foreigners are not allowed to receive the transfer of land use rights (in fact or as land purchase) in Vietnam.