Question: – I am an overseas Vietnamese, living in the United States. I want to buy a house in Hoc Mon District, Ho Chi Minh City. Please ask, does overseas Vietnamese have conditions like how to buy houses in Vietnam and how? Coming, I come back Vietnam only 2 weeks in my holiday, is it enough time to do the procedures for buying a house?
Answer: – Article 159 of the current Housing Law provides that foreigners are entitled to own houses in Vietnam and overseas Vietnamese “have the right to own houses without restrictions on the number Quantity and type of housing to be owned. ” For papers and individuals with valid passports, stamped by the Vietnamese immigration office; Certificate of Vietnamese origin; certificate of visa exemption (if any); Birth certificate to compare names when registering a house.
As a rule, the processing time is 45 days. Because only in Vietnam for 2 weeks, you just need to sign the transaction civil transactions on the transfer documents at the Notary Public. The remainder, you can authorize relatives or the Law Offices on your behalf to complete the procedures for tax obligations and register the certificate of ownership, then hand over the file to you.
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