Vietnam Allows Qualified Foreigners To Buy Land From August
The government of Vietnam has just issued a decree to allow foreigners and foreign-invested companies to own land from August.
Under the Decree No. 51/2009/ND-CP dated Jun 3, foreigners eligible for land-use right certificates will have to obtain a range of documents.
Foreigners who have got a medal from the Vietnamese president for their contribution, or have invested for one or more years will be eligible.
Foreigners applying for land-use certificates must have a resident card or document proving they are permitted to stay in Vietnam for over 12 months granted by the Ministry of Public Security.
Foreign-invested enterprises active in Vietnam with investment certificates of over one year granted by relevant Vietnamese authorities will be allowed to own property.
After 30 days, they will be granted the certificate. (CafeF)
Vietnamese
