Saturday, July 14, 2007

Foreigners may soon be able to own houses in Vietnam

Around 21,000 of 81,000 foreigners residing in Vietnam will be eligible to buy houses under a pilot scheme awaiting cabinet approval, the construction ministry said.

It recently drafted a proposal to allow foreigners to buy houses, which will initially be implemented in Hanoi and Ho Chi Minh City.

Below are the chosen few/foreigners who are eligible to own houses in Vietnam. If you do belong to these categories and you want to own a house, (do not ask for clarifications of the categories though, as you may only get a vacuous response from me since I'm no expert), well, I can only imagine the paperwork, the extra-payment and the beaureaucrap you'll have to endure, tis the time to be jolly.
These include individuals directly doing business in Vietnam; recognized by the president or other agencies as contributing to national development; doing cultural or scientific work in Vietnam; recognized by the president as honorary citizens; or married to Vietnamese currently living in Vietnam. The sixth and final category comprises foreign-invested real estate trading enterprises.

2 comments:

Anonymous said...

If you count the Chinese and Koreans, there should be at least 200,000 foreigners residing in Vietnam.

amadbrownwoman said...

alex-that figure is from thanh nien news. since i'm a self-proclaimed deviant asian myself (ie: although i read kundera in one seating, i'm not good with numbers, the simplest arithmetic baffles me)i wouldn't disagree. but for clarification purposes, where did you get your numbers?:)