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blue-check Notes in relation to real estate trading in Vietnam for FDI enterprises

Official letter No. 1970/BXD-QLN dated June 3rd, 2022 of the Ministry of Construction regarding dossier of registration to contribute capital or purchase shares/stakes of foreign investors
Posted: 10/6/2022 10:17:44 AM | Latest updated: 22/6/2022 9:29:57 AM (GMT+7) | LuatVietnam: 5473 | Vietlaw: 566
VietlawOnline

The Ministry of Construction notes that, when conducting real estate trading in Vietnam, foreign-invested enterprises (FDI enterprises) must comply with these regulations:

- They are only entitled to conduct real estate trading in the area beyond national defense and security protection zone (Clause 4 Article 4 of Law Real estate trading No. 66/2014/QH13).

- They must meet the requirements and forms of real estate trading regulated at Article 10, Clause 2 and Clause 3 Article 11 of the Law on Real estate trading and Article 4 of Decree No. 02/2022/ND-CP.

Regarding conditions on capital contribution and ownership rate of foreign investors in the field of real estate trading, it is required to carry out according to the Law on Investment, the Law on Real estate trading and the Law on Housing.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 566
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Real estates trading