Rule on allowing foreigners to buy houses

The Ministry of Construction proposed the prime minister to approve the plan to pilot the policy of allowing foreigners to buy house(s) in Vietnam with an aim to create better conditions for foreigners living and working and promote the attraction of foreign capital inflows. Accordingly, foreigners who directly join investments in Vietnam under the Law on Investment, who were rewarded medals, certificates of merit on their achievements in Vietnam's economic and social development by Vietnamese prime minister and ministries, culturists and scientists working in Vietnam, those getting married with Vietnamese people, will have the right to buy house(s) in the country as proposed by the construction ministry. In addition, foreign invested enterprises that do not operate in fields of trading real estate could be allowed to buy house(s) for their long-term foreign workers in Vietnam.

(Intellasia)