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Official Gazette

Tuesday, July 14, 2020
Tags: House ownership
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.
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.
Expat naturalization permanent residence in Vietnam Expat naturalization, permanent residence in Vietnam
In order to reside permanently in Vietnam and be eligible for naturalization in Vietnam, a foreign expat must apply for a permanent residence card, which has the same validity duration as a visa.
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.
State Bank steps up fight against black credit State Bank steps up fight against “black credit”
In January 2019, local media reported that Le Dinh Huu Phuoc, a 55-year-old man in the Central Highlands province of Gia Lai, was beaten to death by a group of gangsters for failing to fully pay his nephew’s debt.
House ownership by foreigners in Vietnam House ownership by foreigners in Vietnam
Under Vietnam’s law, foreign organizations and individuals may own houses, including apartments and private houses, built under commercial housing investment projects in areas where they are allowed to own homes.
Science and technology enterprises offered with more incentives Science and technology enterprises offered with more incentives
Science and technology enterprises will be soon provided with a raft of attractive tax, credit and land incentives, following a decree recently issued by the Government.
Residential land use rights for foreigners in Vietnam Residential land use rights for foreigners in Vietnam
Under the 2013 Land Law, all land areas used by households and individuals for the residential purpose are regarded as land for stable and long-term use and subject to no given use term. Therefore, individuals or households that are named in land use rights certificates have full discretion to use and dispose of their residential land areas without any temporal limitations.
Land Law to be revised Land Law to be revised
The Ministry of Natural Resources and Environment (MONRE) has recently introduced a raft of draft amendments to the 2013 Land Law.
Proposals to build Real Estate Tax Law articulated Proposals to build Real Estate Tax Law articulated
“It is unreasonable if the Real Estate Tax Law is built without making any changes in the land use levy collection mechanism and policy”, said Chairman Le Hoang Chau of the Ho Chi Minh City Real Estate Association.

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