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.
Under the project, key priorities include tackling pollution, improving environmental quality, and safeguarding sensitive areas to reduce negative impacts on both the environment and public health.
The authentication process will have to be done by social media platforms within 90 days from December 25, 2024, under the Government's Decree No. 147/2024/ND-CP.