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Vietnam relaxes foreign property ownership rule

It expands criteria for foreigners to buy homes with the aim to create favourable conditions to draw foreign investment

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The new rules allow maximum foreign ownership of 30 per cent in any apartment building or 250 houses in a ward.

Ho Chi Minh City

VIETNAM'S Parliament approved a law allowing broad foreign ownership of property, as the government seeks to boost an ailing real-estate market and accelerate economic growth. Foreigners with a valid visa as well as foreign companies and international organisations

sentifi.com

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