Conditions for foreigners to have their names listed on the Red Book in Vietnam

Article 159 of the Housing Law (Law No. 65/2014/QH13, November 25, 2014) clearly states who is allowed to own housing and forms of housing ownership in Vietnam by foreign organizations and individuals. outside as follows:

1. Foreign organizations and individuals eligible to own housing in Vietnam include:

a) Foreign organizations and individuals investing in housing construction projects in Vietnam according to the provisions of this Law and relevant laws;

b) Foreign-invested enterprises, branches, representative offices of foreign enterprises, foreign investment funds and foreign bank branches operating in Vietnam (hereinafter collectively referred to as organizations foreign);

c) Foreign individuals are allowed to enter Vietnam.

2. Foreign organizations and individuals can own housing in Vietnam through the following forms:

a) Invest in housing construction according to projects in Vietnam according to the provisions of this Law and relevant laws;

b) Buy, lease-purchase, receive as a gift, or inherit commercial housing including apartments and individual houses in housing construction investment projects, except for areas ensuring national defense and security according to regulations. Government regulations.

In addition, the conditions and documents for foreigners to own houses in Vietnam are specifically stipulated in Article 74 of Decree 99 (No.: 99/2015/ND-CP, October 20, 2015):

Article 74. Documents proving subjects and conditions for owning housing in Vietnam

1. For foreign individuals, they must have a valid passport with an entry verification stamp from the Vietnamese immigration management agency and are not eligible for diplomatic privileges and immunities according to regulations. of the Ordinance on privileges and immunities for diplomatic missions, consulates and representative offices of international organizations in Vietnam.

2. For foreign organizations, they must belong to the subjects specified in Article 159 of the Housing Law and have an Investment Registration Certificate or documents permitted by a competent Vietnamese agency to operate in Vietnam. valid at the time of signing housing transactions (hereinafter referred to as Investment Registration Certificate).

Thus, foreigners can only buy and have their names on the Red Book for apartments and individual houses in housing construction investment projects, not outside this area and must meet the following conditions: the above mentioned event./.