Vietnam to sell condos for foreigners

July 2008
ASEANAffairs;2008, Vol. 2 Issue 3, p16
Academic Journal
The article reports that Vietnam will allow foreigners to own apartments and condominiums, but not houses, beginning 2009. Data from the Ministry of construction suggest that about 21,000 of the 80,000 foreigners working and living in the country will meet the criteria to purchase and own property. Investors from the Middle East, Singapore, Korea and Malaysia are eyeing Vietnam for investment opportunities.


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