New regulations to ease real estate investments of Overseas Vietnamese

Vinhomes Golden River in HCM City. Under the newly-adopted Land Law, Vietnamese citizens residing abroad can enjoy full rights related to land like their fellow citizens inside the country. — VNA/VNS

HANOI: Experts predict that the recently approved Land Law, Housing Law, and Law on Real Estate Business, which will take effect in 2025, will improve conditions for Overseas Vietnamese (OVs) in real estate ownership and trading.

The laws provide a uniform approach to issues related to land, housing and real estate, ensuring the rights of OVs with Vietnamese nationality to own and trade property just like Vietnamese citizens residing inside the country, carrying out the country’s policy of taking OVs as an inseparable part of the nation.