In  Foreign investors at the launch of a real estate project in Experts have criticized policymakers for their slow approach to lifting restrictions on foreign home ownership in “We have discussed what they [foreigners] get from buying a house in Opening “Secondly, in terms of politics, it will encourage overseas Vietnamese to repatriate and attract foreign experts and investors to work long-term in According to He also dismissed security concerns about foreigners looking to buy houses in order to “occupy land” in Hieu said Bui Kien Thanh, a Vietnamese American economist, also advised Nguyen Nam Son, the founder of Ho Chi Minh City-based Vietnam Capital Partners, said “There are also many overseas Vietnamese who visit “I know many cases when foreigners have had to ask their local relatives to hold their land title. In the end, this has led to a lot of unnecessary disputes,” he said. Nguyen Thanh Lam, chairman of VietEuro export company, said that regulations on foreign home ownership in “Vietnamese lawmakers have not studied the way [other countries in] the world treat their national land. We have pursued a contrary policy.” He said few countries outside of “Developed countries only allow foreigners to buy houses and the land the house is built on,” he said. “We are doing the opposite by readily allowing foreigners to rent forest land for 50 years, but refusing to allow them to buy homes.” |
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