Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City

CVD

Vague regulations on foreign property ownership continue to put off non-resident homebuyers.

By Tuoi Tre News

August 06,2017, 14:35 GMT+7

​Only 15 foreigners, Viet Kieu own houses in Ho Chi Minh City
Foreigners look for an apartment in District 2, Ho Chi Minh City. Photo: Tuoi Tre
Only 15 foreigners and Viet Kieu (overseas Vietnamese) were granted certificates of house ownership in Ho Chi Minh City as of May 15, according to statistics from the municipal Department of Construction.

The reality is in stark contrast with a government decree and new housing laws enacted in 2015, which relaxed requirements for foreigners to own properties in Vietnam.

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