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Real Estate Briefing - Categorized | Investment, Market Moves more

Allowing foreigners buying houses in VN to rescue property market?

Posted on 15 April 2013

Vietnam will not be able to rescue the real estate market if it only relies on the domestic resources. The government has been urged to allow foreigners to buy houses in Vietnam to increase the demand.
In 2008, the National Assembly released a resolution on allowing foreign individuals to buy houses in Vietnam in a 5-year trial period. However, to date, only 500 foreigners have bought houses in Vietnam so far. Most of them are original Vietnamese with foreign nationalities. This has been attributed to too many restrictions set up by the current policies………………………………………..Full Article: Source


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