Will foreigners be allowed to buy condotels? VietNamNet Bridge - Some experts have proposed allowing foreigners to buy condotels in Vietnam to attract the foreign cash flow. The HCMC Real Estate Association, has sent a document to PM and relevant ministries, proposing to allow foreigners to buy condotels to improve the liquidity of condotels, mobilize more capital, and facilitatetourism development. Meanwhile, other experts disagree and say that most condotels are located in coastal areas, and if Vietnam allows foreigners to buy condotels, it will be like allowing foreigners to own Vietnam’s coastline. “If allowing foreigners to buy condotels, it’s a must to say clearly which areas they can buy,” Hoi said.

Source: VietNamNet News May 29, 2018 01:18 UTC