My lover is a foreigner working for a financial company in charge of the Asian region. What conditions are required to buy a house in Vietnam to live long term?
I heard that the new Housing Law that came into effect allows foreigners to own houses in Vietnam. My boyfriend plans to buy a house in Ho Chi Minh City and move his family to Vietnam to live.
What does he have to do to buy a house, and how many houses can he buy?
Consulting lawyer
Your friend can absolutely own a house in Vietnam when meeting the following conditions:
- First, he must meet the subject conditions specified in Article 8, Point c, Clause 1, Article 17, Clause 3, Article 18 of the 2023 Housing Law and Point c, Clause 2, Article 3 of Decree 95/2024/ND -CP regulates in detail a number of articles of the Housing Law.
That is, foreign individuals allowed to enter Vietnam must have a foreign passport and a written commitment to not be eligible for diplomatic or consular privileges and immunities.
Regarding entry conditions, your lover needs to ensure compliance with the provisions of Article 20 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014 as amended by Clause 11, Article 1 of the Law on Immigration. , exit, transit, and residence of foreigners in Vietnam revised 2019 regulations on entry conditions as follows:
+ Have a passport or valid international travel documents and visa, except in cases of visa exemption according to the provisions of this law.
+ For foreigners entering the country under unilateral visa exemption, their passport must be valid for at least 6 months;
+ Not in the case of not allowing entry as prescribed in Article 21 of this Law.
Foreigners using electronic entry visas must meet the conditions specified in Clause 1 of this Article and enter through international border gates decided by the Government.
- Second, about the conditions of ownership form. Your lover can own housing, including apartments and individual houses, through the forms specified in Clause 2, Article 17 of the Housing Law, including: through buying or renting commercial housing from the owner. investing in housing construction, receiving donations, receiving inheritance of commercial housing in housing construction investment projects not in areas that need to ensure national defense and security as prescribed in Article 16, Housing Law; through purchasing or leasing housing from foreign organizations and individuals who already own housing according to the provisions of Point b, Clause 2, Article 17 of this law.
+ Third is documents proving the conditions to own a house. Foreign individuals must have a valid passport with an entry stamp to enter Vietnam or equivalent legal documents to enter Vietnam at the time of signing the housing transaction specified in Points b and c, Clause 2. Article 17 of the Housing Law (Point d, Clause 3, Article 3, Decree 95/2024).
+ Fourth, the conditions on the number of apartments or individual houses that foreigners can own are: no more than 30% of the number of apartments in an apartment building, if it is an individual house including villas. , adjacent houses, in an area with a population size equivalent to a ward, can only be purchased, rented, purchased, received as a gift, inherited, and owned no more than 250 houses. And to understand information about the quantity of projects, you can search for information on the electronic information portal of the provincial housing management agency (Clause 1, Article 7 of Decree 95/2024).
Thus, to ensure that your lover is eligible to buy a house in Vietnam, you can ask him to comply correctly and fully with the above conditions. At the same time, because your lover wants to buy projects in Ho Chi Minh City, to ensure the number of apartments in the project you want to buy, otherwise, continuously update the situation on the Department's website. Build.
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