Rights and Obligations of Foreigners Owning Properties in Vietnam
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The ownership of houses by foreigners in Vietnam has changed significantly toward more openness under the current Vietnamese law. However, home ownership of foreigners and Vietnamese residents are still different. Foreign ownership of a home is only permitted in commercial housing construction projects (i.e., newly formed residential areas) and not in an area designated for national defense and security. The foreigner only receives the value of the house in the event of a donation or inheritance of a house that is not subject to this above regulation. The foreigners combined may not buy, rent and purchase, receive, inherit and own more than 30% of apartments in an apartment building; or no more than 250 separate houses, including villas and row houses, in an area with a population that is comparable to that of a ward-administrative division . In a space whose populace is identical to that of a ward, on the off chance that there is a business lodging development project availa...
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