Posted on 01-01-2018 20:22:39
In 2015, the Vietnamese government came out with a decree allowing foreign nationals to purchase apartments to be licensed under their name for a maximum of 50 years without having to hold Vietnamese citizenship. However, there is still law in place that prevents foreigners from owning any Vietnamese land.
As of 20 December 2017, the Ministry of Natural Resources and Environment is raising a resolution in order to expedite Article 5 of the Land Laws, hoping to push through a decree that allows foreigners to own land and houses in Vietnam, without having a Vietnamese citizenship. They are also looking to expedite Article 10 of the Urban Planning Laws that will allow more freedom to plan, build and alter properties on owned lands.
This must come as a blessing for foreigners looking to make Vietnam their permanent country of residence. And why not? Vietnam is beautiful. It has beautiful natural landscaping, sunny beaches, cheap fresh foods and fruits, nice warm weather and everything is cheaper in comparison to what expats experience at home.
This alteration of the Vietnamese Laws would be aligned to Malaysia’s recent promotion of its “ Malaysia My Second Home” program. This program allows foreigners to purchase houses in Malaysia with a 70% bank loan and 100% ownership. It also has benefits including: a 10 year pass to live and work in Malaysia, a multiple-entry visa, a Malaysian Identification Card and automatic student passes for dependants. From 2006, since its launch, till 2016 around 31,700 foreigners have applied for and enjoyed the benefits of the “Malaysia My Second Home” Program.
Perhaps one day, Vietnam will adopt this program and then we may have foreigners owning villas in Thao Dien to properties in Sala Sarimi and Empire City in the upcoming Thu Thiem New Urban Area to be completed around 2022.
In the meant time, if you wish to rent a villa in Thao Dien or apartments in Sala Sarimi or want more information on Empire City, please follow these links:
Villa for Rent in District 2
Apartments for Rent in Sala Sarimi, District 2
Information about Empire City
Vietnam is becoming top expat destinations for these following reasons.
Within the last decades, number of expats in Vietnam increases significantly, making up a total expat population of 100,000, excluding Chinese...
Which plants is suitable for your bedroom, bathroom or kitchen?
Which trees is suitable for your bedroom. bathroom or kitchen? Let find out in this article.
Buying a house in Italy with 1 USD!
Italy is a very beautiful country with romantic and famous architecture. That is one of the reason the services of tourism and housing are expensive. However, in contrast to this, a beautiful little town in Italy called Ollolai is selling the house for just $ 1, cheaper than a cup of cappuccino.
THE CRITERION FOR CHOOSING EFFECTIVE OFFICE IN VIETNAM
Choosing which building to rent is an important decision because the relationship between the landlord and tenant will usually last many years.To minimize the risk of having an unreliable landlord, the tenant can perform a multi-step leasing process.
Sales and payment policies of Masteri Millenium District 4
Attractive sales policies applied for only first 39 apartments in 2018. Full detail information, price, discount and promotion here.
New Tax policy for owning property in Vietnam
Under the provisions of the Property Tax Law, from 2017, people who own two or more properties may be subject to tax...
How to fight heat in Saigon?
To blow away the heat in the summer, you can use effective ways from the simplest things such as curtains, make use of windows, put trees in the house or put the stone in front of the fan, ...
What is an officetel? Definition, pros and cons.
This type of apartment is quite a lot of people care and respect for the advantages as well as utility that it brings. What is Officetel apartment? What are the advantages and disadvantages of Officetel?
Zip code in Vietnam?
How zip code in Vietnam work? What is the specific zip code for each regions including HCMC, Hanoi, etc. A full detail information is here.
Largest and smallest district, Ho Chi Minh City Map
All the information about the size and population of all district in Ho Chi Minh City including map and border of all districts.
Quarter 3, Hanoi Highway, An Phu ward, District 2, Ho Chi Minh City
$950 - 3,500/ month
THAO DIEN PEARL
No 12, Quoc Huong Street, Thao Dien Ward, District 2, Ho Chi Minh City
$800 - 2,500/ month
628 Ha Noi Highway, An Phu, District 2, Ho Chi Minh City
$900 - 4,600/ month
XI RIVERVIEW PALACE
No 190, Nguyen Van Huong Street, Thao Dien Ward, District 2, Ho Chi Minh City
$1,800 - 3,500/ month
No 170, Nguyen Van Huong street, Thao Dien Ward, District 2, Ho Chi Minh City
$1,000 - 2,300/ month
Apartment for rent - Icon 56 - D401331
No 56, Ben Van Don Street, Ward 12, District 4, Ho Chi Minh City
Apartment For Rent - The Manor BT104020
Ha Noi Highway, An Phu Ward, District 2, Ho Chi Minh City
Serviced apartment for rent in district 3 D399102
District 3, Ho Chi Minh City, Vietnam
Serviced apartment for rent D2103001
District 2, HCMC
Villa for rent in Thao Dien District 2 HCMC - D2200073
District 2, Ho Chi Minh City, Vietnam