In Vietnam, foreign ownership in the real estate and construction sectors is subject to certain conditions and limitations. Here are some key points to consider:
Foreign individuals can own residential properties in Vietnam, including apartments and houses, under certain conditions.
The maximum duration of ownership for foreign individuals is typically 50 years, with the possibility of extension or renewal for an additional 50 years.
Foreign individuals are allowed to sublease or transfer their properties, subject to certain regulations.
Foreign investors can own commercial properties, including office buildings, retail spaces, and industrial facilities, under certain conditions.
The maximum duration of ownership for commercial properties is typically 50 years, with the possibility of extension or renewal for an additional 50 years.
Foreign-owned companies can lease or sublease commercial properties for their business operations.
Foreign individuals and entities are generally not allowed to own land in Vietnam. Instead, land can be leased for various purposes.
Land leases for residential and commercial purposes are typically granted for a maximum duration of 50 years, with the possibility of extension or renewal.
In special cases, such as investments in certain economic zones or industrial parks, longer lease durations may be available.
Restricted Areas and Special Zones:
Certain areas in Vietnam, such as border regions or islands, may have additional restrictions on land and property ownership by foreign individuals and entities.
Special economic zones and industrial parks may have specific regulations and conditions for foreign ownership, which can vary depending on the location and project.
Foreign investors can establish wholly foreign-owned companies in Vietnam to hold and manage their real estate assets. This allows for more control over the properties.
Joint ventures with local partners can also be formed to invest in real estate projects, with ownership shares determined by mutual agreement.
It's important to note that while foreign ownership is allowed in the real estate and construction sectors, there are specific regulations and limitations that may vary depending on the location, type of property, and specific project. It's advisable to consult with relevant government authorities, legal professionals, or real estate experts to understand the specific conditions and limitations that apply to your investment plans in Vietnam.