{"id":3199,"date":"2019-03-14T08:08:45","date_gmt":"2019-03-14T08:08:45","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3199"},"modified":"2021-06-04T14:26:44","modified_gmt":"2021-06-04T07:26:44","slug":"vietnam-orders-report-on-foreign-home-ownership","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/vietnam-orders-report-on-foreign-home-ownership\/","title":{"rendered":"Vietnam orders report on foreign home ownership"},"content":{"rendered":"

Ministry of Construction to evaluate progress since the Law on Housing was implemented<\/p>\n

\"\"
Colorful perspective of Bui Vien Street in Ho Chi Minh City with a view of Bitexco Financial Tower. David Bokuchava\/Shutterstock<\/figcaption><\/figure>\n

Vietnam\u2019s Ministry of Construction has asked provincial and city governments to compile a report detailing the extent of foreign home ownership in the country,\u00a0Vietnam News<\/a>\u00a0reported.<\/p>\n

The ministry will use the information to evaluate the implementation of a policy allowing foreign organisations, individuals and Viet kieu (overseas Vietnamese) to purchase and own homes in the country.<\/p>\n

The ministry is currently developing a project pertaining to the improvement of economic security in the housing and real estate sectors, Vietnam News\u00a0noted.<\/p>\n

The requested report will cover information on\u00a0the number of foreigners, including Viet kieu, who own\u00a0homes in a province or city. It should also determine the specific locations\u00a0and types of properties that were acquired by foreigners before and after the Housing Law was promulgated.<\/p>\n

More: A\u00a0Trojan horse for Chinese influence<\/strong><\/a><\/p>\n

The report will also identify housing projects that did not allow foreigners to acquire units.<\/p>\n

The Housing Law relaxed home ownership rules upon its implementation in 2014, allowing individual foreigners with an entry visa to purchase homes and emboldening foreign entities to invest in more property sectors.<\/p>\n

More than 800 foreigners obtained home ownership certificates as of 2017, Vietnam News\u00a0reported, citing figures from the Department of Housing and Real Estate Market Management.<\/p>\n

In Ho Chi Minh City, the Chinese accounted for 31 percent of home purchases by foreigners in the first nine months of 2018, trailed by South Koreans at 19 percent; Hong Kongers (10 per cent); and Americans (3 percent), CBRE Vietnam revealed to Vietnam News.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ministry of Construction to evaluate progress since the Law on Housing was implemented<\/p>\n","protected":false},"author":2,"featured_media":20094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-3199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"\nVietnam orders report on foreign home ownership | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/vietnam-orders-report-on-foreign-home-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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