Overseas Vietnamese say complicated procedures make it difficult to buy houses

Last update 16:00 | 08/11/2017
VietNamNet Bridge – Many overseas Vietnamese, or Viet Kieu, have given up the plan to buy houses iand settle down here because they cannot meet required procedures.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, viet kieu, land use right certificate

Huynh Dang Hai, a Viet Kieu in France, said soon after the government released the decision allowing Viet Kieu to buy houses in Vietnam, he returned to Vietnam to purchase a villa.

However, he could not obtain house ownership certificate because he could not prove he was born in Vietnam. Some relatives and neighbors met the local authority officials and acted as witnesses for Hai. However, this was not enough. Tiếp tục đọc “Overseas Vietnamese say complicated procedures make it difficult to buy houses”

Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City

Vague regulations on foreign property ownership continue to put off non-resident homebuyers.

By Tuoi Tre News

August 06,2017, 14:35 GMT+7

​Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City
Foreigners look for an apartment in District 2, Ho Chi Minh City. Photo: Tuoi Tre
Only 15 foreigners and Viet Kieu (overseas Vietnamese) were granted certificates of house ownership in Ho Chi Minh City as of May 15, according to statistics from the municipal Department of Construction.

The reality is in stark contrast with a government decree and new housing laws enacted in 2015, which relaxed requirements for foreigners to own properties in Vietnam. Tiếp tục đọc “Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City”