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Official Gazette

Tuesday, March 31, 2020
Tags: overseas Vietnamese
Vietnam suspends visa granting to foreigners for 30 days Vietnam suspends visa granting to foreigners for 30 days
Vietnam will suspend the granting of visa to foreigners for 30 days beginning 00:00 on March 18, the Foreign Ministry announced on March 17, stressing that the move aims at curbing the spread of COVID-19 in the community.
Financing projects in industrial zones: a view from practice Financing projects in industrial zones: a view from practice
Industrial zones have become a popular investment destination for foreign businesses. It is common now in practice to finance projects carried out in industrial zones and/or to take security over real estate located in those industrial zones. However, since the legal framework on lease of land in industrial zones remains complicated and has its limitations, such financing may turn risky for credit institutions in certain circumstances and at some stages. This article tries to present some legal aspects of extension of credit secured by real estate in industrial zones and suggest how to manage legal risks for credit institutions.
House ownership by overseas Vietnamese House ownership by overseas Vietnamese
Under the 2014 Housing Law, houses are recognized as private property and are not subject to the state management. The Vietnamese State protects the right to housing and lawful house ownership of house owners. Only in case of necessity, may the State decide on compulsory purchase, requisition, preemptive purchase or demolition of houses, provided compensations are paid and resettlement is provided to lawful owners of such houses under Articles 4 and 5 of the Housing Law.
Dealing in agricultural property: a growing trend in Vietnams real estate market Dealing in agricultural property: a growing trend in Vietnam’s real estate market
Over the last few years, in addition to such traditional real estate products as land use rights, houses and construction works, Vietnam’s property market has seen the emergence of many new types of realty, e.g., serviced apartment, co-working space, tourism property, and agricultural property. This article analyzes the legal framework for agricultural property which has become more and more popular in the country and drawn the attention of both domestic and foreign investors.
Bidding required for state budget-funded radio and television broadcasts Bidding required for state budget-funded radio and television broadcasts
The production of radio and television broadcasts and provision of Internet-based radio and television services using state budget funds would be implemented through bidding or order placement.
Legislation on house ownership by foreigners: inadequacies and recommendations for improvement Legislation on house ownership by foreigners: inadequacies and recommendations for improvement
The 2014 Housing Law has new provisions for foreigners to own homes in Vietnam, making a breakthrough in attracting foreigners to work and live in the country. However, the applied term of house ownership for foreigners produces some negative effects that the law fails to anticipate. This article points out inadequacies in the regime of Vietnam-based house ownership by foreigners and gives recommendations for improvement.
9th National Congress of Vietnam Fatherland Front opens 9th National Congress of Vietnam Fatherland Front opens
The ninth National Congress of the Vietnam Fatherland Front (VFF) officially opened in Hanoi on September 19, bringing together 1,300 delegates representing people from all walks of life, representatives of armed forces and overseas Vietnamese.
Provisions on VAT refund for foreigners to be amended Provisions on VAT refund for foreigners to be amended
The General Department of Customs is working on a draft circular to revise Circular 72 of 2014 regarding value-added tax refund for goods brought along by foreigners and overseas Vietnamese upon exit, with a view to boosting tourism.
National Innovation Center to be built under special mechanism National Innovation Center to be built under special mechanism
All activities related to construction and formulation of management and operation model of the National Innovation Center would not undergo normal procedures but follow a special and fast-track process.
Temporary residence cards for foreign children Temporary residence cards for foreign children
According to Article 10.1 of Government Decree 82 of September 24, 2015, prescribing visa exemption for overseas Vietnamese and foreigners who are spouses or children of overseas Vietnamese or Vietnamese citizens, a person entering Vietnam with a visa exemption paper will be granted by an immigration control unit a six-month temporary residence certificate for each entry.

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