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Vietnam Launches Pilot Program for Foreign Property Ownership

Category: Real estate, Posted:12 Jul 2009 | 09:30 am

A new Vietnamese Government resolution issued June 3 has set out guidelines and implementing rule for foreign organizations and individuals to purchase apartment units. The new scheme is limited to foreign individuals who invest in Vietnam or have a senior role in an operating company or are married to a Vietnamese citizen. For companies the requirement specifies that there are local operations and an official investment certificate.
In the past the emerging Vietnamese property market has struggled with the issue of foreign ownership but this latest move is clearly meant to stimulate its real estate sector. Many counties in the region are recognizing the need to boost overseas investment; while here in Thailand the current Democrat led Government has yet to target this as a priority issue.

Other News

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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
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Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
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Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]