A draft regulation submitted to the Government by the Ministry of Construction would make it easier for Viet kieu (overseas Vietnamese) to own homes in Viet Nam.
While the Housing Law of 2005 paved the way for Vietnamese expatriates to own a house or apartment in Viet Nam, the requirements are demanding and the procedures complicated.
Only 137 Viet kieu have been able to buy property legally here since the restricted qualifications to buy a home in the country took effect two years ago, according to the Ministry of Construction.
