Can foreigners buy houses in Vietnam?
Can foreigners buy houses in Vietnam? Can foreigners buy citizens' houses in Vietnam? Can foreigners with Vietnamese wives and children buy real estate in Vietnam?
Can foreigners buy houses in Vietnam?
I have a question I hope to be answered. My friend is a foreigner, living in Vietnam for 1 year. Can my friend buy land to build a house to live in?
Reply:
According to Article 159 of the 2014 Housing Law, foreign entities eligible for the homeownership in Vietnam and forms of the homeownership in Vietnam relating to foreign entities, specifically:
1. Foreign entities eligible for the homeownership in Vietnam include:
a) Foreign entities who invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law;
b) 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) Foreign individuals who are allowed to enter Vietnam.
2. 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;
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.
Thus, your friend only has the right to own a house in two forms: investment in housing construction under a project in Vietnam in accordance with the Law on Housing 2014 and other relevant laws; purchase, lease-purchase, donation or inheritance of commercial housing, including apartments and separate houses in housing construction projects, except for areas ensuring national defense and security as prescribed by the Government.
Here is our advice on your questions. You should refer to the Housing Law 2014 for more details about this provision.
Can foreigners buy citizens' houses in Vietnam?
Please let me know the following problem: My friend who is a foreigner asked me to help him find a house in Ho Chi Minh City to move here because he will be moving to Ho Chi Minh City soon. But I am still wondering if my friend can buy a house in Ho Chi Minh City or not? Can he buy citizens' houses for sale?
Reply:
According to the provisions of the Law on Housing 2014, foreigners who fall into the following categories may own houses in Vietnam:
a) Foreign entities who invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law;
b) Foreign individuals who are allowed to enter Vietnam.
2. 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;
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.
On the other hand, according to the provisions of Decree 99/2015/ND-CP, foreign entities may own up to 30% of the total number of apartments of an apartment building. In an area whose population is equivalent to that of a ward, if there is more than one apartment buildings for sale or lease-purchase, foreign entities may own up to 30% of the number of apartments of each apartment building, and up to 30% of the total number of apartments of all these apartment buildings.
According to the information you provided us, your friend is a foreigner and will soon move to Ho Chi Minh City to live and work here.
Therefore: If your friend is allowed to enter Vietnam by a competent state agency, then your friend is entitled to own a house in Vietnam.
However, according to the information you provided to us, your friend asked you to help buy a house in Ho Chi Minh City, but did not specify the name of the owner on the certificate of ownership. Who is this house (is it your friend or is it yourself). Therefore, the following cases may occur:
- Case 1: You only help your friend and your friend is the owner's name on the certificate of ownership of the house
At that time, your friend is only allowed to buy houses that are commercial houses, including apartments and separate houses in the housing construction investment project (except for areas ensuring national defense and security). security as prescribed by the Government). And do not buy houses belonging to other subjects.
Note: In this case, your friend is only allowed to own the maximum number of apartments and houses as prescribed in Decree 99/2015/ND-CP above.
- Case 2: You find your friend and you are the owner's name on the certificate of ownership of the house
At that time, you can buy commercial housing including apartments and separate houses in investment projects to build houses or other houses as prescribed by law in Vietnam.
Above is our consulting opinion on the issue you are wondering.
Can foreigners with Vietnamese wives and children buy real estate in Vietnam?
Please ask, I am a foreigner, specifically an Australian, I have 1 son and my wife is recognized in Vietnam. My marriage is registered, can I buy a house or not? Are there any conditions required?
Reply:
According to the provisions of Article 169 of the Land Law 2013 on land use right recipients, there are no foreigners within the scope of land use right recipients in Vietnam. Therefore, you are a foreigner, so you are not allowed to own land in Vietnam. However, you have the right to own a house in Vietnam according to the provisions of Clause 1, Article 159 of the 2014 Housing Law:
1. Foreign entities eligible for the homeownership in Vietnam include:
a) Foreign entities who invest in project-based housing construction in Vietnam as prescribed in this Law and corresponding regulations of law;
b) 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) Foreign individuals who are allowed to enter Vietnam.
Above is the content of our advice on the issue that you have questions about.
Best regards!
