Proposal to make it easier for foreigners to own houses in Vietnam

The National Assembly Standing Committee discussed the draft amended Law on Housing on March 17 this year. — VNA/VNS

HANOI (Vietnam News/Asia News Network): Foreigners have the right to own houses for a set period, but land ownership is not permitted. Once their ownership duration concludes, they may renew it once and have the privilege to purchase and sell houses similarly to local residents.

These are the most recent guidelines incorporated by the Ministry of Construction (MoC) in the revised draft of the Housing Law, following feedback from the National Assembly (NA) deputies.