Foreigners can’t buy houses in Vietnam now

The pilot scheme allowing foreigners to buy houses in Vietnam will need more time before it is implemented because the Land and Housing Law doesn’t permit foreigners to own land and houses in Vietnam. Last July the Ministry of Construction submitted to the government a scheme on permitting foreigners to buy houses in Vietnam on a trial basis. If this scheme had been implemented, around 21,000 foreigners who are living in working in Vietnam would have been eligible to buy houses.