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blue-check Regarding foreigners’ ownership of houses in Vietnam

Official letter No. 5027/BXD-QLN dated November 8th, 2022 of the Ministry of Construction regarding foreigners’ ownership of houses in Vietnam
Posted: 17/11/2022 1:01:22 PM | Latest updated: 21/11/2022 12:21:04 PM (GMT+7) | LuatVietnam: 5584 | Vietlaw: 587
VietlawOnline

According to the Ministry of Construction’s opinions, the Law on Housing (Law No. 65/2014/QH13status2 ) and Decree No. 99/2015/ND-CPstatus2 do not regulate the number of houses each foreign entity may own. They only regulate general level of ownership of houses of foreign organizations, individuals in each apartment building/project or a residential area.

Accordingly, according to Article 161 of 2014 Law on Housing and clauses 2, 3, 4 Article 76 of Decree No. 99/2015/ND-CPstatus2 , the level of ownership of houses of foreign entities must not exceed 30% of the number of apartments of each apartment building and not exceed 30% of the total number of apartments of all apartment buildings in an area.

For detached houses in a project, foreign entities may own not exceeding 10% of the houses of such project and not exceeding 250 houses of the total quantity of detached houses of projects in an area.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 587

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