The Ministry of Construction notes that when foreign invested enterprises (FDI enterprises) conduct real estate trading in Vietnam, they are required to meet requirements and comply with rules, forms, and scope of trading in according to regulations of laws.
Accordingly, FDI enterprises have to comply with conditions and forms of real estate trading according to clause 1 Article 10 (amended at point a clause 2 Article 75 of 2020 Law on Investment), clause 3 Article 11 of the Law on Real estate trading No. 66/2014/QH13 and Article 4 of Decree No. 02/2022/ND-CP .
Area of real estate trading must be beyond national defense and security protection zone according to land-use planning approved by the authorities (clause 4 Article 4 of Law No. 66/2014/QH13 ).
Regarding rate of charter capital held by a foreign investor, capacity, conditions for market access of foreign investors in the field of real estate trading, it is needed to contact with the Ministry of Planning and Investment for obtaining guidelines under its competence.
|Published||Vietlaw's Newsletter No. 575|