800 FOREIGN ORGANIZATIONS AND INDIVIDUALS OWN HOUSES IN VN

Nearly 800 foreign organizations and individuals have owned houses in Viet Nam since the 2014 Law on housing came into effect. The news cane from a report on implementation of policies on management of foreigners in Viet Nam presented by the National Assembly Committee for External Affairs.

The report focuses on the management of entry, exit, transit, and residence of foreigners in Viet Nam, policies on investment, business, housing, labor, education, training, healthcare, culture, sports, and tourism for foreigners in the context that Viet Nam has signed a series of bilateral and multilateral agreements which facilitate free flows of foreign organizations and individuals.

The report said that from January 1, 2015 to December 31, 2018, the number of foreigners entering Viet Nam was on the rise, from 8 million in 2015, to over 10 million in 2016, 14 million in 2017, and over 16 million in 2018.

Countries and territories which have high numbers of entry citizens to Viet Nam include China, the RoK, Japan, the U.S., Taiwan (China), and Russia, of which China has the highest figures.

Foreigners entered Viet Nam with different purposes including tourism (over 13 million), employment (over 1 million), and visiting relatives (about 300,000).

According to the report, since the 2014 Law on housing came into effect, nearly 800 foreign organizations and individuals have owned houses in Viet Nam in Ha Noi, HCMC, Da Nang, Ba Ria-Vung Tau, Binh Duong, Khanh Hoa, Dong Thap, Dong Nai, Can Tho, Binh Thuan, Thu Thien Hue, and Vinh Long.

They have seriously complied with Viet Nam’s regulations on entry, exit, residence, house ownership, purchase, selling, and tax payment.

Source: VGP

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