Can foreigners own houses from Vietnamese people?

Housing ownership issues for foreigners in Vietnam have been made clear in the Housing Law. Depending on the circumstances that have different rules.

Questions about the homeownership of foreigners are sent to readers as follows:

“I bought an apartment in my name in Hanoi. My husband is Korean. Please ask, if I later want to resell this apartment to foreigners? ”

The Ministry of Construction answers this issue as follows:

Cases of foreigners owning houses in Vietnam are clearly specified in the Housing Law

According to Clause 2, Article 76 of the Government's Decree 99/2015 / ND-CP dated October 20, 2015 detailing and guiding the implementation of a number of articles of the Housing Law:

Foreign organizations and individuals eligible for housing ownership in Vietnam are only allowed to buy, lease purchase houses of investors of housing construction projects, purchase houses of foreign organizations and individuals prescribed in Point b, Clause 4, Article 7 of this Decree and only be entitled to inherit or donate houses of households or individuals or receive donations of houses of organizations in the number of houses as prescribed in Clause 3, Clause 4 of this Article in housing investment projects permitted to own houses; In cases where foreign organizations or individuals are donated or inherit houses in Vietnam but are not entitled to own houses in Vietnam, they shall be handled according to the provisions of Article 78 of this Decree. '

Compared with the above provisions, foreigners may only buy houses of investors of housing projects, which are not in areas of national security or defense, or buy houses of foreign organizations or individuals. In addition to already owning houses in Vietnam. Decree 99/2015 / ND-CP does not stipulate that foreigners can buy apartments from individuals who are Vietnamese.

(Source: TBKD)