The Ho Chi Minh City People’s Committee has asked relevant departments to tackle problems in granting house ownership certificates to overseas Vietnamese to encourage their investment into the real estate market.
Foreigners are provided with information about buying houses (Photo vietnambiz.vn)
Hanoi(VNS/VNA) - The Ho Chi Minh City People’s Committee has asked relevantdepartments to tackle problems in granting house ownership certificates tooverseas Vietnamese to encourage their investment into the real estate market.
Statistics of the municipal Department ofConstruction revealed that only 15 overseas Vietnamese and foreigners weregranted house ownership certificates in the city during the past two years.
The figure was too modest compared to thenumber of overseas Vietnamese and foreigners who lived and worked in HCM City,the department said.
Experts said that this was caused bycomplicated procedures, as well as slow progress in identifying areas andprojects, which cannot be sold to foreigners.
Tran Hoa Phuong, Deputy Chairman of the HCMCity Overseas Vietnamese Committee, said that the most difficult procedure wasstill in identity confirmation.
The confirmation of identity for overseasVietnamese was jointly conducted by the Vietnamese embassies, the StateCommittee for Overseas Vietnamese Affairs and provincial/municipal judicialdepartments of foreign countries, Phuong said. He added that the money transferfrom foreign countries to Vietnam also needed to be in compliance with thelaws.
Expert Nguyen Tri Hieu said the regulationsmust be more open while the promotion of projects, which can be owned byforeigners, must be enhanced.
Deputy Chairman of the municipal People’sCommittee Tran Vinh Tuyen said in a document sent to relevant departments urgedthem to speed up the identification of areas which cannot be owned byforeigners, to ensure national security.
The Department of Construction must clarifythe list of commercial housing projects, which cannot be sold to foreigners andmake it public on the department’s e-portal, he said.
The legal framework for the Department ofNatural Resources and Environment to grant ownership certificates to overseasVietnamese and foreigners must also be improved, he added.
Statistics of the HCM City Real EstateAssociation revealed that around 22 percent of remittances into the southerncity flew into real estate.
In the first nine months of this year, HCMCity attracted more than 3.3 billion USD worth of remittances, up 6 percentover the same period last year.-VNA
The number of foreigners buying real estate products in Vietnam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
As many as 800 domestic and foreign investors, property businesses and experts are expected to attend the first annual Vietnam Real Estate Forum, which will be held on November 15.
Prices of apartments in the local market in the first 10 months of the year witnessed a downward trend, Ha Quang Hung, deputy director of the Department Housing Management and Real Estate Market under the Ministry of Construction, said.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Foreigners are provided with information about buying houses (Photo vietnambiz.vn) 
