Are Home Ownership Laws Changing for Foreigners in Vietnam?

Posted by Le Ngoc Khanh Tam | in Ownership | on 02-11-2014

The gates to purchasing property in Vietnam -- such as a villa at La Vallee de Dalat -- could be opening for foreigners soon.
The gates to purchasing property in Vietnam -- such as a villa at La Vallee de Dalat -- could be opening for foreigners soon.

If you’re tapped in to hot-button issues in Vietnam, then you probably already know that there’s been a lot of speculation lately about how and when the current home ownership laws may change with respect to foreigners.

As it currently stands, a foreigner qualifies to purchase an apartment or single-family home if he or she is:

1) Married to a Vietnamese resident;

2) Works for a foreign-invested, non-real-estate-related company operating in Vietnam that needs to house its employees;

3) An individual who invests directly in Vietnam or occupies a management position in Vietnam;

4) A recipient of medals or a certificate of merit from Vietnam's president or government for contributions to the country; or

5) Someone who works in socioeconomic fields, holds at least a bachelor's degree, and possesses special knowledge and skills that Vietnam needs.

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