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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

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