Scope of Real Estate Business Activities According to Current Legislation

1. Scope of Real Estate Business of Domestic Organizations and Individuals

According to Article 11 of the 2014 Law on Real Estate Business, domestic organizations and individuals may conduct real estate business in the following forms:

- Purchase houses, buildings for sale, lease, or lease-purchase;- Lease houses, buildings for sublease;- For land allocated by the State, they may invest in the construction of houses for sale, lease, or lease-purchase; transfer land use rights by parceling land for sale in accordance with the land law; invest in the construction of technical infrastructures of cemeteries for transferring land use rights attached to those infrastructures;- For land leased by the State, they may invest in constructing housing for lease; invest in the construction of houses, buildings other than housing for sale, lease, or lease-purchase;- For land recognized by the State for land use rights, they may invest in the construction of houses, buildings for sale, lease, or lease-purchase;- For land transferred from organizations, households, individuals, they may invest in the construction of houses, buildings for sale, lease, or lease-purchase;- For land leased from organizations, households, individuals, they may invest in the construction of houses, buildings for lease in accordance with the intended land use;- Acquire all or part of a real estate project from the investor to construct houses, buildings for sale, lease, or lease-purchase;- Acquire, lease land use rights from organizations, households, individuals to invest in constructing technical infrastructure to transfer or lease land with that infrastructure.

2. Scope of Real Estate Business of Overseas Vietnamese

Pursuant to Clause 2 of Article 11 of the 2014 Law on Real Estate Business, Overseas Vietnamese may conduct real estate business in the following forms:

- Lease houses, buildings for sublease;- For land leased by the State, they may invest in the construction of houses for lease; invest in the construction of houses, buildings other than housing for sale, lease, or lease-purchase;- For land leased from organizations, households, individuals, they may invest in the construction of houses, buildings for lease in accordance with the intended land use;- Acquire all or part of a real estate project from the investor to construct houses, buildings for sale, lease, or lease-purchase;- For land allocated by the State, they may invest in the construction of houses for sale, lease, or lease-purchase;- For leased or transferred land in industrial zones, clusters, export processing zones, high-tech zones, economic zones, they may invest in constructing houses, buildings for business in accordance with the intended land use.

3. Scope of Real Estate Business of Foreign-invested Enterprises

Foreign-invested enterprises may conduct real estate business in the following forms:

- Lease houses, buildings for sublease;- For land leased by the State, they may invest in the construction of houses for lease; invest in the construction of houses, buildings other than housing for sale, lease, or lease-purchase;- Acquire all or part of a real estate project from the investor to construct houses, buildings for sale, lease, or lease-purchase;- For land allocated by the State, they may invest in the construction of houses for sale, lease, or lease-purchase;- For leased land in industrial zones, clusters, export processing zones, high-tech zones, economic zones, they may invest in constructing houses, buildings for business in accordance with the intended land use.

This content is regulated under Clause 3 of Article 11 of the 2014 Law on Real Estate Business.

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