When can foreigners buy houses in Vietnam?
When can foreigners buy houses in Vietnam?
According to current information, foreigners can buy houses in Vietnam from 2025, based on the Housing Law 2023 passed by the National Assembly on November 27, 2023. Here is a detailed answer to your question:
When can foreigners buy houses in Vietnam?
1. Time of application
The Housing Law 2023 officially takes effect from January 1, 2025. This is the time when new regulations on foreigners owning houses in Vietnam begin to be applied.
Previously, the current regulations were still based on the Housing Law 2014 and related decrees (such as Decree 99/2015/ND-CP), but from January 1, 2025, the Housing Law 2023 will replace and expand the right to own houses for foreigners.
2. Related Circulars and Decrees
Currently (as of February 21, 2025), specific guiding documents such as decrees and circulars detailing the implementation of the 2023 Housing Law are still in the drafting process and have not been officially announced. However, based on the legislative process in Vietnam and information from reliable sources:
Decree guiding the 2023 Housing Law:
According to practice, the Government will issue a detailed decree immediately before or after the law comes into effect. For example, with the 2014 Housing Law, Decree 99/2015/ND-CP was issued for guidance. Similarly, a new decree is expected to be issued in late 2024 or early 2025 to specify the conditions, procedures, and necessary documents for foreigners to buy houses.
A related decree is Decree 95/2024/ND-CP (issued on July 18, 2024), guiding a number of articles of the 2023 Housing Law, including regulations on documents proving the subjects and conditions for owning houses in Vietnam (Article 3). However, this decree is not yet complete enough to be applied comprehensively, and there may be additional documents.
Guiding circular:
The Ministry of Construction often issues circulars to provide detailed guidance on related administrative procedures. It is expected that a specific circular on foreigners buying houses will be issued around the end of 2024 or early 2025, after the decree is announced. There is currently no specific circular number because it is still in the drafting stage.
3. Main contents of the Housing Law 2023 related to foreigners
Subjects of ownership: According to Article 17 of the Housing Law 2023, foreigners are allowed to own houses including:
Economic organizations with foreign investment capital investing in housing construction according to projects.
Foreign organizations (enterprises, branches, representative offices, investment funds, banks) operating in Vietnam.
Foreign individuals are allowed to enter Vietnam.
Foreign ownership forms: Purchase, hire-purchase, receive gifts, receive inheritance of commercial housing (apartments, individual houses) in housing construction investment projects, except for areas ensuring national defense and security.
Number of ownership: According to Article 19, foreign individuals are allowed to own no more than 30% of the apartments in an apartment building, or no more than 250 individual houses in an area equivalent to a ward.
Ownership term: Not more than 50 years (from the date of issuance of the certificate), can be extended.
4. Current status (February 21, 2025)
Currently, specific regulations on procedures, documents, and implementation methods still need to wait for decrees and guiding circulars from the Government and the Ministry of Construction. You should follow the Government’s electronic information portal (chinhphu.vn) or the Ministry of Construction (moc.gov.vn) to update the latest documents when they are issued.
Applicable time: From January 1, 2025.
Related documents: It is expected that there will be a new decree (possibly based on or supplementing Decree 95/2024/ND-CP) and circulars from the Ministry of Construction, issued in late 2024 or early 2025. There is currently no specific number for these documents.
When can foreigners buy houses in Vietnam?
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When can foreigners buy houses in Vietnam?
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