Foreign home ownership may rise to 99 yearsThe leasehold for home ownership for foreigners in Vietnam will be extended from 50 years to 99 years if the draft Law on Special Administrative-Economic Units is approved. He agreed to create an outstanding institutional framework that transcends existing laws and minimizes the application of business investment conditions in special zones, to attract investment into such zones. Regarding land policy, the law will be adjusted to extend the leasehold to 99 years for foreigners and allow them to mortgage assets in association with land use rights at foreign credit institutions. He asked the Ministry of Planning and Investment to update information on special zones and issues identified by strategic investors. Vietnam has 18 special economic zones with 325 industrial zones.

Source: VietNamNet News August 04, 2017 08:15 UTC