Better infrastructure and revitalized urban areas are tipped to drive growth in housing demand in Vietnam’s major cities, especially where public transport offers convenience.
According to current regulations, foreign organizations and individuals are allowed to own up to 30 percent of the apartments in a condominium building. For individual houses, foreigners can own no more than 250 units in an area with a population equivalent to a ward.
A number of amendments are contained within the draft revised Law on Housing, including rules on homeownership by foreign organizations and individuals.
These efforts aim to ensure environmental protection in the industrial and handicraft development sectors, comply with urban regulations, and meet future development needs.
Ambassador Olivier Poivre d’Arvor, Special Envoy of the President of the French Republic for the United Nations Conference on the Ocean, tells VET’s Linh Tong about the central role of the ocean in economic development, environmental protection, and international cooperation.