HELP - OVERSEAS VNESE

Amended Housing Law of Vietnam, article 126 stated that overseas Vietnamese are allowed to own house in Vietnam.

According to Article 126 of the Housing Law and Article 121 of the amended Land Law, overseas Vietnamese who have Vietnamese nationality; overseas Vietnamese who invest in Vietnam; scientists, culturists and experts in the fields that Vietnam needs, who are working in Vietnam and allowed to reside in the country from three months upwards have the right to own a house or an apartment in Vietnam.

This regulation is also applied for overseas Vietnamese who deserve well of the country, the people whose husband or wife is Vietnamese citizens who are living in Vietnam.

Overseas Vietnamese who don't belong to the above subjects but enjoy visa exemption and are permitted to live in Vietnam from three months upwards also have the right to own a house or an apartment in Vietnam.

Another new point is the amended Article 121 allows overseas Vietnamese to sell, give and mortgage their houses or apartment at credit institutions operating in Vietnam. They are also compensated once their houses or apartments are taken back by the government. If they don't use their house or apartment, they can lease or authorize others to manage the house.

Resolution no54/2007/QD-UBND on 30-3-2007 of HCMC People Committee guide for land use right and housing registration procedures

City People Committee deligates Director of Resources and Environment Department issue land-use-right and house registered certificate for domestic and foreign individuals or organizations

District People Committee issues house ownership certificate for Vietnamese citizens, overseas Vietnamese and foreign people ( individuals); land use right for residential communities, households, Vietnamese citizens and overseas Vietnamese.