Question

I am an expat, living in Quang Nam, Vietnam. I am going to buy a property in a project in Nha Trang, Vietnam. Law office in Danang, Vietnam advise about the rights of foreign homeowners in Vietnam ?

Answer

Rights of foreign homeowners in Vietnam ?

Rights of homeowners who are foreign individuals:

The foreign individual invests in project-based housing construction in Vietnam as prescribed in the Law on Housing and corresponding regulations of law, is entitled to exercise rights of homeowners as prescribed in Article 10 of this Law, if his/her house is built on a piece of leased land, he/she is only entitled to lease that house.

The foreign individual who is allowed to enter Vietnam, is entitled to exercise rights of homeowners similarly to Vietnamese citizens provided that he/she comply with following regulations:

- He/She may not buy, rent and purchase, receive, inherit and own more than 30% of apartments in an apartment building; or more than 250 houses regarding separate houses including villas, row houses in an area whose population is equivalent to a ward-administrative division.

- The foreign individuals are eligible for the homeownership as agreed in agreements on housing sale, lease purchase, gifting, or inheritance for not more than 50 years, from the day on which they are granted the Certificate and they may be granted extension as prescribed in regulations of the Government; the duration of the homeownership must be stated in the Certificate.

- Before the time limit of the homeownership prescribed in the Law on Housing expires, the homeowner is entitled to gift or sell their house(s) to entities eligible for the homeownership in Vietnam; if not, their house(s) shall be under ownership of the State.

Legal bases:

Law on Housing No. 65/2014/QH13 dated 11/25/2014;

Decree No. 99/2015/NĐ-CP dated 10/20/2015.

Related topics:

Foreign entities eligible for the homeownership in Vietnam

Can a foreigner buy a house in Vietnam ?

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DMS Lawfirm in Vietnam
Director
(Signed)
Lawyer Do Minh Son