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May 07th
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Property’s foreign SOS

Property’s foreign SOS

Debate over a proposal to allow foreign credit institutions in Vietnam to back real estate mortgages is intensifying. 

National Assembly members are weighing the costs and benefits of creating a new channel for foreign capital. Accordingly, under the draft amended Land Law, land users are allowed to mortgage their land-use rights or the properties developed on the land at foreign credit institutions in Vietnam. 

The existing Land Law does not allow such a kind of mortgages. This restriction narrows the ability to mobilise foreign capital into the country.

 
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Đô thị vị nhân sinh / Cities for People

Xanh hóa Châu Á / Greening Asia

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