20 Mar '16, 4am

Overwhelming level of interest from foreign #investors in #Southeast Asia's rising star.

Propelling the recovery is an overwhelming level of interest from foreign investors in Vietnamese properties. Since the government relaxed restrictions on foreign firms, foreign buyers and Viet Kieu (Vietnamese citizens who now live overseas after their families fled the country during the Communist occupation in 1975) in July this year, several developers have launched properties targeted at these buyers. With this relaxation in restrictions, 30% of any development may be sold, on a 50-year lease, to foreign investors holding valid residency visas when previously, only those with a Vietnamese spouse or were deemed by the government to be contributing to national development could qualify for property ownership. Real estate now takes up 13% of foreign direct investments.

Full article: http://www.iproperty.com.sg/news/10775/Southeast-Asia

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