In the last years, Vietnamese Real Estate market is registering a rapid growth, becoming more and more attractive especially for foreign investors. So, let’s take a look at Vietnamese real estate.
Compared to the other Asian countries, the prices of Vietnam Luxury Residential are much lower, and plus, we should consider that the Vietnam’s landscapes are also very enchanting!
Vietnam is also accelerating its urbanization process, so the Government is providing affordable housing for low-income people.
In 2015 the amendments of the Vietnamese“Housing Law”has strongly encouraged foreign investments in the Vietnamese Real Estate market.
In accordance with the abovementioned amendments, foreigners could buy houses, apartments and villas with land property rights with 2 limitations: 1) the housing property right isn’t permanent, it’s valid for 50 years; 2) in an apartment district or in a section of the Administrative Division of Vietnamese cities, every person can only buy a set of houses.
The influence of the first limitation is the following: the land of Vietnam belongs to the State, and the land use right (also called“LUR”) can be granted for undefined long time period or for a limited period of time. However, generally speaking, LURs for undefined long time period are granted for very few purposes, such as for residential or personal use. As for the second limitation, although foreign investors can only buy one set of housing within one apartment district or section of the administrative division, the total amount of units and housing squares is not limited.
If you are interested in this issue, please contact us for further information：info@dandreapartners.com
In February 2024, Vietnam adopted a new Construction Industry Development Strategy for 2030 – 2045, aiming to boost the construction market, especially in urban infrastructure and housing. The strategy prioritizes key infrastructure projects in major cities and sets ambitious goals for housing construction, including doubling urban housing rates by 2030 and building 1,000,000 housing units
In today’s globalized business landscape, companies come to manage labor disputes. The intricate interplay of local laws, cultural nuances, and procedural requirements significantly shapes the resolution process. This article embarks on a comparative journey through four distinct jurisdictions—China, India, Italy, and Vietnam—to illuminate the strategies and challenges involved in addressing labor disputes. Central to this
Over the past 30 years, foreign direct investment (FDI) has played a crucial role in the socio-economic development of Vietnam, enhancing the position and reputation of Vietnam on the international stage. Particularly, in 2023, the FDI inflow reached a record high, marking the highest level in the past 5 years since 2019.
