Are overseas Vietnamese eligible for the homeownership in Vietnam?

Are overseas Vietnamese eligible for the homeownership in Vietnam?

Pursuant to Article 7 of the Law on Housing 2015 stipulates entities eligible for the homeownership in Vietnam as follows:

1. Vietnamese organizations, households or individuals (hereinafter referred to as Vietnamese entities).

2. Overseas Vietnamese.

3. Foreign organizations and individuals (hereinafter referred to as foreign entities) prescribed in Clause 1 Article 159 of this Law.

Thus, according to current regulations, home owners in Vietnam include overseas Vietnamese. However, overseas Vietnamese must meet the conditions specified above

What are conditions for overseas Vietnamese to own commercial housing in Vietnam? 

According to Article 8 of the Law on Housing 2015, entities eligible for the homeownership recognition are as follows:

1. Vietnamese entities; overseas Vietnamese permitted to enter Vietnam; foreign entities prescribed in Article 160 in this Law.

2. Entities having legitimate housing through following transactions:

a) Vietnamese entities who invest in housing construction, purchase, enter into lease purchase agreements, receive gifts, receive inheritance, receive capital contribution, exchange houses, or make other transactions prescribed in regulations of law .

b) Overseas Vietnamese who enter into agreements on commercial housing purchase, lease purchase with enterprises or cooperatives conducting real estate trading (hereinafter referred to as real estate enterprise); agreements on housing purchase, gifting, exchange, inheritance with households or individuals; agreements on residential land transfer in the project on commercial housing construction which is permitted to divide the piece of land into smaller lots/plots for sales as prescribed.

c) Foreign entities who enter into agreements as prescribed in Clause 2 Article 159 of this Law.

According to this Article, overseas Vietnamese must meet the conditions of being allowed to enter Vietnam and owning a house in the cases specified above.

Compared to the case you mentioned in Vietnam, you can still buy a commercial house from a real estate enterprise.

Best Regards!