Buying houses in Hanoi – house buyers’ guide

Vietnamese laws now do not permit foreign individuals and organisations to buy houses in Hanoi. Under the Vietnamese Business Law and Housing Law, foreign entities can only rent land, build houses to sell or lease the houses. However, Prime Minister Nguyen Tan Dung has just instructed the Ministry of Construction to prepare the necessary documents on an experimental project, which would permit foreigners to buy houses and possess land in Vietnam, and to submit them to the National Assembly’s Standing Committee for opinions. Continue reading “Buying houses in Hanoi – house buyers’ guide”