Ownership of housing in Vietnam for foreign nationals remains largely aspirational; long-term lease structure becomes increasingly common
The Housing Law No. 65/2014/QH13 dated 25 November 2014 (“2014 Housing Law“) was introduced more than three (3) years ago and took effect on 1 July 2015. The 2014 Housing Law was intended to relax foreign housing ownership rules in Vietnam, subject to certain regulations. Though progress has been made, obstacles remain. Currently, the biggest obstacle to foreign housing ownership in Vietnam is the restriction pertaining to land areas considered sensitive to national defense and public security.
Click here or below to read the full summary analysis, which addresses:
- Delay in Issuance of Pink Books to Foreign Nationals; and
- The Growing Trend of Long-term Lease Structures.