Update news Viet Kieu
VietNamNet Bridge - As the Vietnamese real estate market has begun to recover, foreign investors have sought new investment opportunities and being welcomed by domestic real estate developers who need capital.
What is the maximum time of house ownership for foreigners?
Foreigners can buy and own houses in Vietnam for a 50 year period. If the owners sell or give their houses to foreign institutions and individuals within that period, the recipients will have the right to possess the house for the remaining time.
Questions raised on new property laws
VietNamNet Bridge – Two long-awaited amended laws on housing and real estate, effective from July 1 and expected to have a significant impact on the property market, may not be as effective.
More remittances to fund property purchases
VietNamNet Bridge – Viet Nam is expected to see rising remittances enter the property market, following the amended housing law that allows Viet Kieu (overseas Vietnamese) to own a house in the country.
Many incoming Viet Kieu want to bring cars to Vietnam
VietNamNet Bridge – Some 900 overseas Vietnamese, or Viet Kieu, looked into Vietnam’s regulations on residency, investment and housing, and many of them asked for procedures to bring cars and other assets to this country
NA backs Viet Kieu’s home ownership
The National Assembly Legal Committee at the NA session in Hanoi on Saturday approved in principle a proposal for allowing overseas Vietnamese, locally known as Viet Kieu, foreign organizations and individuals to own homes in the country.
Vietnam considers allowing foreigners building houses for business
VietNamNet Bridge – Some legal problems would arise if Vietnam allows foreign institutions (Viet Kieu, or overseas Vietnamese) to build houses in Vietnam for business (leasing, trading).
Used cars for returning Viet Kieu must have 10,000km mileage
VietNamNet Bridge – Overseas Vietnamese, or Viet Kieu, who return home can enjoy tax exemptions for one car and one motorbike, but the automobile must have been used for at least six months with a minimum mileage of 10,000km,
BUSINESS IN BRIEF 20/2
PM: Restructuring of SOEs key political task; Over 400 SOEs to be equitised by 2015; Vietnamese abroad encouraged to remit money home; HCM City IPs eye US$550 million in investment; Vietnam among top world’s gold consumers
Social News Headlines 17/2
Annual blood donation event held in Hanoi; Fog, rain disrupt normal life in Ha Giang; Rabid dogs kill two persons in Thanh Hoa; 15 people injured in truck-coach crash; Vietnam to purchase Austrian helicopter
GOVERNMENT IN BRIEF 18/7
PM pushes for state budget collection target; Vice NA Chairwoman receives Lao youth delegation; Young Viet kieu welcomed home
Bright, young Viet kieu to return for Summer Camp 2013
VietNamNet Bridge – About 200 outstanding young Vietnamese who are living overseas will return to their homeland to join the three-week-long Viet Nam Summer Camp 2013 until July 30.
Foreigners willing to spend millions of dollars to buy houses in Vietnam
A lot of expats in Vietnam have affirmed they will spend millions of dollars to buy houses here.
Allowing foreigners buying houses in VN to rescue property market?
Vietnam will not be able to rescue the real estate market if it only relies on the domestic resources. The government has been urged to allow foreigners to buy houses in Vietnam to increase the demand.
Viet Kieu repatriates’ car imports waiting for re-export
The luxurious cars, which were imported to Vietnam as the Viet Kieu repatriates’ assets, now are awaiting to be re-exported, after state management agencies have threatened to clarify the real origins of the imports.
How luxury cars come to Vietnam?
Most of the luxury cars have been imported to Vietnam as the assets of Viet Kieu repatriates. There are the rings that bring the cars to Vietnam under forged documents.
The globally best-known Viet Kieu tycoons
VietNamNet Bridge – They are the Vietnamese people who have set themselves up in business, settled overseas and become millionaires.