Overseas Vietnamese are allowed to purchase houses in Viet Nam. Photo nld.com.vn

HA NOI (Biz Hub) — The Ministry of Construction asked the people's committee of cities and provinces nationwide to relax property ownership laws for overseas Vietnamese following Decree No. 71/2010/ND-CP.

According to the ministry, overseas Vietnamese no longer need to show a permanent address and valid identity card when notarising and certifying real estate transactions. To complete this procedure, they are required to bring a valid Vietnamese or foreign passport with papers proving their Vietnamese nationality under the nationality law.

Papers approving their Vietnamese nationality and residence in Viet Nam are regulated in Decree No. 71, Article 66 and 67.

The Ministry also said overseas Vietnamese who have papers issued by competent Vietnamese agencies to allow them to stay in Viet Nam for three months and more, are permitted to purchase and own houses following a regulation written in Circular No. 16/2010/TT-BXD, Article 19. — VNS