The resolution passed May 22 limits ownership to foreigners who meet specific residence and professional criteria, according to the official Vietnam News Agency. And eligible buyers will be allowed to purchase only apartments, not houses or land.
Under the new rules, individuals who qualify include expatriates investing in the country, foreigners married to Vietnamese and those with university degrees working in specialized fields. A category was created for those who have been decorated by the president of Vietnam and named an honorary citizen.
