How many houses and apartments can foreigners own in Vietnam?

Decree 95 of the Government provides detailed guidance on a number of articles of the Housing Law, referring to the conditions and regulations when foreign individuals and organizations want to own houses in Vietnam.

Specifically, the number of houses in housing construction investment projects that foreign organizations and individuals are allowed to own is determined according to specific cases.

For an apartment building, including an apartment building built for mixed-use purposes, foreign organizations and individuals are allowed to own a maximum of 30% of the total number of apartments for residential purposes in that building.

In case an apartment building has many units or many blocks sharing the same base, foreign organizations and individuals are only allowed to own a maximum of 30% of the total number of apartments for residential purposes in each unit or block.

As for individual houses in an area with a population of 10,000, if there is only one housing construction investment project, foreign organizations and individuals are only allowed to own a maximum of 250 houses. If there are 2 or more housing construction investment projects, foreign organizations and individuals are allowed to own all projects but not more than 250 houses.

If in an area with a population of 10,000 people there are many housing construction investment projects and foreign organizations and individuals already own enough individual houses according to regulations, they are not allowed to own additional individual houses in other projects in this area.

An apartment building in Hanoi (Photo: Ha Phong).

Also according to Decree 95, when wanting to own a house, foreign individuals and organizations must provide documents proving that they are eligible to own a house in Vietnam.

Specifically, in the case of a foreign organization, it must have an Investment Registration Certificate. If the foreign organization is not in the above group, it must have an Investment Certificate or Investment Registration Certificate or documents issued by a competent authority of Vietnam permitting it to operate or be established in Vietnam.

In case of foreign individuals, a foreign passport and a written commitment that they are not entitled to diplomatic or consular privileges and immunities are required.

In addition, foreign individuals need to provide documents proving their eligibility to own a house, such as a valid passport with an entry stamp into Vietnam or equivalent legal documents.

Source: https://dantri.com.vn/bat-dong-san/nguoi-nuoc-ngoai-duoc-so-huu-bao-nhieu-nha-o-chung-cu-tai-viet-nam-20240810160611372.htm