The Government issued the Decree No 51/2009/ND-CP last week, guiding the implementation of National Assembly Resolution No 19/2008/QH12 of June 3, on pilot permission for foreign organizations and individuals to purchase and own residential housing in Viet Nam.
The Government issued the Decree No 51/2009/ND-CP last week, guiding the implementation of National Assembly Resolution No 19/2008/QH12 of June 3, on pilot permission for foreign organizations and individuals to purchase and own residential housing in Viet Nam. Foreign individuals must have the following documents to purchase and own a home in
(1) In the case of a direct investor in Viet Nam, his/her name must be included in an investment certificate issued by a competent authority of Viet Nam that is still valid for a year or more, or he/she must provide any other written proof of membership on the board of management of the company;
(2) If hired as a director of a company, an appointment decision or labour contract;
(3) Persons working in economics, science and technology, environment, education, culture and information, sports, healthcare and law must have a bachelors degree or equivalent or higher, issued by a competent authority of Viet Nam or foreign country, attached to work permits or professional practice permits issued by competent authorities of Viet Nam; or,
(4) A person married to a Vietnamese national must submit a marriage registration certificate issued by
The foreign individual must also have a residence card or temporary residence card or other documents certifying residence in
Foreign individuals and organizations owning block apartments in
(Source: VNS)
