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Minister of Construction talks about foreigners buying and owning houses

Người Đưa TinNgười Đưa Tin19/06/2023


Clarifying the responsibilities of relevant entities

At the discussion session in the hall on June 19 on the draft Law on Housing (amended), Minister of Construction Nguyen Thanh Nghi explained and clarified a number of issues of concern to National Assembly deputies.

Regarding housing ownership policy , Mr. Nghi said that the Government has reported to the National Assembly Standing Committee (NASC) to choose the option of having regulations on limited-term apartment ownership in the draft amended Law. In the conclusion announcement of the NASC, it was determined that this is a highly sensitive issue, with a great impact on society and there are still inconsistent opinions.

Therefore, the drafting agency has submitted and proposed that the Government accept the opinion of the Standing Committee of the National Assembly not to regulate the limited-term ownership of apartment buildings in the draft Law on Housing (amended) submitted to the National Assembly for comments.

However, the draft law has added clarifications on the term of use of apartment buildings, cases of demolition and apartment buildings, rights and obligations of owners in moving, demolishing and contributing funds to rebuild apartment buildings; clarifying the responsibilities of relevant entities when demolishing, renovating and rebuilding apartment buildings to have a basis for handling, resolving and removing cases that are facing difficulties and obstacles in reality today.

Real Estate - Minister of Construction talks about foreigners buying and owning houses in Vietnam

Minister of Construction Nguyen Thanh Nghi explained and clarified a number of issues raised by National Assembly deputies.

The drafting agency will study the opinions of National Assembly deputies and report to the competent authority to seek the National Assembly's opinion.

Explaining the proposal to consider regulations on conditions and the number of types of housing that foreigners can own , to avoid affecting the housing needs of domestic citizens as well as ensuring security and national defense, the Minister said that these are opinions related to the policy on foreign organizations and individuals being able to buy and own housing in Vietnam, which has been regulated since 2008 under Resolution No. 19 of the National Assembly and legalized in the Housing Law 2014 to create conditions for foreign organizations and individuals to feel secure living and working in Vietnam, contributing to encouraging foreign investment and promoting socio-economic development.

The draft Law on Housing (amended) inherits the provisions of the 2014 Law on Housing, including regulations on conditions for foreigners to buy and own houses in Vietnam.

"Statistics show that since the 2014 Housing Law took effect, the number of houses bought and owned by foreigners in Vietnam is not large," said Mr. Nghi.

In addition, the 2014 Housing Law and now the draft Housing Law (amended) also have strict regulations on the type of house, the area that can be purchased, and the number of houses that can be purchased and owned.

Therefore, according to the Commander of the Construction Industry, this regulation will not affect the implementation of other housing policies of the State such as policies on social housing, resettlement housing, and housing for low-income people in urban areas.

The drafting agency will coordinate with the reviewing agency to carefully research and clearly demonstrate, ensuring consistency with the Party's policies and consistency with relevant legal provisions.

Speed ​​up apartment renovation projects

Regarding the housing development program and plan , the Minister of Construction stated that the provisions on housing development programs and plans in the draft Law on Housing (amended) are not new provisions but are inherited from the 2005 Housing Law, the 2014 Housing Law and are now continued to be stipulated in the draft law in the direction of being restructured into a separate chapter.

The provisions on housing development programs and plans in the draft are necessary and appropriate to the practical situation to help overcome the situation of development that is a phase of supply and demand. This provision does not overlap or duplicate with other plans.

Because the contents specified in the development plan such as land area for developing commercial housing, social housing, housing for resettlement, public housing, etc. are contents that are not specified in detail in the planning system and plans according to the provisions of the Land Law and the Planning Law.

However, the drafting agency will continue to review this regulation to ensure clearer regulations, avoid overlaps and duplications, ensure convenience, transparency, decentralization, and create initiative for localities; at the same time, ensure state management work as directed by the Government and the Government.

Real estate - Minister of Construction talks about foreigners buying and owning houses in Vietnam (Image 2).

Delegates participated in the discussion at the hall on June 19.

In addition, Mr. Nghi also explained the issue raised by the delegates regarding the regulations on land use for commercial housing development. The drafting agency is expected to report to the Government to receive the delegates' opinions and continue to study and complete this regulation to ensure consistency with the Land Law (amended).

Regarding the renovation and reconstruction of apartment buildings , the drafting agency will report to the Government to continue reviewing and supplementing to clarify related contents such as the opinions of National Assembly deputies to ensure feasibility and speed up the implementation of apartment building renovation and reconstruction projects.

Regarding the social housing development policy, related to land funds for social housing construction, the Minister of Construction said that letting the provincial People's Committee decide the rate of deduction from land use fees and land rents of commercial housing projects and urban areas in the area is consistent with reality as well as relevant laws.

However, the drafting agency plans to report to the Government for acceptance and will supplement in the process of completing the draft law in the direction of only stipulating a certain percentage in the local budget; not stipulating the percentage of revenue from land use fees and land rents for investment projects to build commercial housing and urban areas.

The regulation on reserving 20% ​​of land fund in the current law has many shortcomings and is not suitable for reality. The draft Law amending the content of this regulation is appropriate, aiming to remove the current shortcomings ...



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