#Vietnam property market

[anlawvietnam]

Ultimate Step-by-Step Guide: Buying Real Estate for Foreigners in Vietnam - Expert Tips and Insights

Introduction

Investing in real estate is a significant decision, especially for foreigners looking to buy property in a country like Vietnam. With its thriving economy, rich culture, and breathtaking landscapes, Vietnam has become an attractive destination for both tourism and investment. However, navigating the real estate market as a foreigner can be complex due to legal and regulatory considerations. In this article, we will delve into the process of buying real estate for foreigners in Vietnam, providing insights and guidance based on expertise, experience, and trustworthy sources.

Understanding Foreign Ownership Regulations

In Vietnam, property ownership regulations for foreigners have evolved in recent years, making it more accessible for non-citizens to own real estate. However, certain restrictions and conditions still apply.

Types of Properties Eligible for Foreign Ownership

As of my last knowledge update in September 2021, foreigners can own specific properties in Vietnam, such as apartments and condominiums. However, ownership of land remains restricted. To get accurate information on eligible property types, it's essential to consult up-to-date sources, like the official government website or legal experts.

Leasehold vs. Freehold

Foreigners can own leasehold properties in Vietnam, which means having ownership rights for a specified period, usually up to 50 years. Some properties might offer the possibility of a lease renewal or extension.

The Importance of Legal Assistance

Given the legal complexities, it's highly advisable to seek legal assistance from experts specializing in real estate transactions for foreigners. Local law firms like AN Law Firm can provide invaluable guidance and ensure a smooth purchasing process.

The Buying Process

Buying real estate in Vietnam involves several steps that require careful attention to detail and adherence to legal procedures.

Due Diligence

Before making any property investment, conduct thorough due diligence. This includes verifying the property's ownership history, legality, and potential encumbrances. Hiring a legal expert can help you navigate this stage effectively.

Sale and Purchase Agreement

Once you've selected a property, a Sale and Purchase Agreement (SPA) is drafted. The SPA outlines the terms and conditions of the sale, including the purchase price, payment schedule, and any contingencies.

Applying for a Certificate of Land Use Rights and Ownership of Houses and Other Assets

Foreigners must apply for a Certificate of Land Use Rights and Ownership of Houses and Other Assets, commonly called a "red book." This certificate establishes your legal ownership of the property.

Tax Implications

Understand the tax implications associated with property ownership in Vietnam. Different taxes, such as Value Added Tax (VAT) and personal income tax, may apply at various stages of the buying process.

Financing Options

Financing a property purchase in Vietnam might involve a mix of personal funds and loans. While some local banks offer loans to foreigners, the terms and eligibility criteria can be stringent. It's recommended to explore financial institutions familiar with foreign property buyers.

Conclusion

Buying real estate in Vietnam as a foreigner can be a rewarding endeavor. Still, it requires a solid understanding of the legal landscape and a meticulous approach to the purchasing process. Remember that regulations and procedures may change, so relying on up-to-date sources and legal experts is crucial. By following the steps outlined in this guide and seeking the proper professional assistance, you can confidently navigate the path to property ownership in Vietnam.

[zvaigzdelasas]

[BBC is UK State Media]

Truong My Lan is charged with taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. Prosecutors say $27bn may never be recovered.[...]

The evidence is in 104 boxes weighing a total of six tonnes [!!!]. Eighty-five defendants are on trial with Truong My Lan, who denies the charges. She and 13 others face a possible death sentence.

"There has never been a show trial [sic] like this, I think, in the communist era," says David Brown, a retired US state department official with long experience in Vietnam. "There has certainly been nothing on this scale."

The trial is the most dramatic chapter so far in the "Blazing Furnaces" anti-corruption campaign led by the Communist Party Secretary-General, Nguyen Phu Trong.

A conservative [sic] ideologue [sic] steeped in Marxist theory, Nguyen Phu Trong believes that popular anger over untamed corruption poses an existential threat to the Communist Party's monopoly on power. He began the campaign in earnest in 2016 after out-manoeuvring the then pro-business prime minister to retain the top job in the party.

The campaign has seen two presidents and two deputy prime ministers forced to resign, and hundreds of officials disciplined or jailed. Now one of the country's richest women could join their ranks.[...]

Although Vietnam is best known outside the country for its fast-growing manufacturing sector, as an alternative supply chain to China, most wealthy Vietnamese made their money developing and speculating in property.

All land is officially state-owned. Getting access to it often relies on personal relationships with state officials. Corruption escalated as the economy grew, and became endemic.

By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.

Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% [!!!] of Saigon Commercial.

They accuse her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

The amounts taken out are staggering. Her loans made up 93% [!!!] of all the bank's lending.

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.[!!!!!][...]

David Brown believes she was protected by powerful figures who have dominated business and politics in Ho Chi Minh City for decades. And he sees a bigger factor in play in the way this trial is being run: a bid to reassert the authority of the Communist Party over the free-wheeling business culture of the south.

"What Nguyen Phu Trong and his allies in the party are trying to do is to regain control of Saigon, or at least stop it from slipping away.[...]

faster growth in Vietnam almost inevitably means more corruption [sic]. Fight corruption too much [sic], and you risk extinguishing a lot of economic activity.

10 Apr 24

[cornyonmains]

I'm hoping the insane box office take Deadpool and Wolverine had drives Marvel towards targeting adult audiences with more of its properties. I've been reading comic books all my life. The medium is a messy one that started with some standard issue white dudes in the 40s, queer counter culture personalities after Vietnam, and then showbiz writing talents going into the 90s in a desperate move to recover from market saturation.

In this VAST canon of creative works, the MCU's biggest problem is they're trying to give every single storyline this family friendly tone that audiences are starting to recognize as creative bankruptcy. As Marvel and Disney being more concerned with milking families of four for cash than preserving the creative integrity of a product to properly translate that magic to the big screen.

Deadpool and Wolverine reminded me of how great it would be to finally get to see Peter Parker grow up. To get to see him hanging out with Deadpool AND Logan (could you fucking imagine), having finally been given a story that keeps him out of this state of perpetual boyhood the movies and TV shows have always kept him in.

The comic book fandom has never been one where family friendly rules the roost, ESPECIALLY not with Millennials. Marvel is making the audiences who grew up with their movies feel pushed aside for a younger and newer audience, so of course they're not going to show up, which basically takes Gen Alpha with them. That leaves Gen Z and they're broke.

I've said it once, I'll say it again. If Disney is going to continue to buy up every studio under the sun, they need to learn to acknowledge adults exist and are complete exhausted with origin. coming of age, and overcoming adversity plots. We're old. We've learned these life lessons. Now we just wanna see shit get weird, sexual, and frankly, a little gay. Is that too much to ask?

[ogradyfilm]

Recently Viewed: Head

Star vehicles for musicians are hardly a rarity in Hollywood—after all, creatively bankrupt studio executives are perfectly willing to exploit pretty much any intellectual property that might be marketable, artistic integrity be damned—but even within that niche genre, Head stands out. Whereas A Hard Day’s Night (The Beatles) and True Stories (Talking Heads frontman David Byrne) are ultimately sincere and earnest despite their surface-level whimsy, the motion picture “adaptation”—more like antithesis!—of popular sitcom The Monkees is deeply cynical beneath its absurdist humor and psychedelic visuals, mercilessly deconstructing the superficiality of the entertainment industry, the elusive (and illusive) nature of the American Dream, and the manufactured public image of the band around which it revolves (exemplified by such sanitized, inoffensive lyrics as, “We’re too busy singing to put anybody down”).

The satire is as caustic as it is deliberately unsubtle. In an early scene, Micky Dolenz stumbles across a Coca-Cola vending machine in the middle of a barren desert—a condemnation of rampant commercialism and mindless consumerism that is subsequently reinforced by a rapidly edited montage of roadside billboard advertisements. Later, Peter Tork briefly breaks character mid-take to fret about how slapping a woman, even within the context of his work as an actor, might damage his reputation (“The kids won’t dig it, man!” he complains to the indifferent director)—lampooning the inherent egotism of celebrity. In the movie’s most scathing sequence, a concert is intercut with archival footage of the Vietnam War; as the performance ends, the frenzied audience storms the stage and literally tears the group apart—exposing them as nothing more than hollow mannequins. The medium itself can barely contain the filmmakers’ moral outrage: metafictional conflicts frequently disrupt the narrative; flashbacks within interludes within digressions overlap and interweave, making the “plot” borderline indecipherable. It can only be summarized in terms of its individual episodes and the loose thematic associations between them—which is akin to trying to explain a fever dream (or a drug-induced hallucination) to your pet cat.

Featuring cameo appearances by Jack Nicholson, Frank Zappa, and Timothy Carey and punctuated by stylistic flourishes that anticipate such cinematic classics as Raging Bull and Skyfall (no, seriously), Head is a fascinating countercultural artifact. Even amongst its New Wave contemporaries, it remains defiantly unconventional, incomprehensible, and unclassifiable; it must be experienced firsthand to be properly understood—though your mileage may vary in that regard.

[drdemonprince]

i am genuinely curious about this:

if voting doesn’t matter, why have far right actors been putting up so many candidates for (especially local) elections? why are they so focussed on this? and why bother suppressing peoples votes with gerrymandering at all?

if this is a dumb question, or better answered by writing someone has already done, could you point me toward those resources?

thank you!

Voting doesn't matter if you want a leftist world.

The United States electoral system (and even the state itself) is fundamentally incompatible with leftist ideals of autonomy, justice, distribution of resources equitably to all people, and liberation of the marginalized. The country was founded upon the principles of land theft, genocide, enslavement, capitalist enterprise, and marginalization, and is structured on every level to reinforce those values and reproduce the inequalities those values have created. It has always been a country of gerrymandering, a country without body autonomy for Black people, Indigenous people, and women, a country where wealthy property owners hold greater sway. It's built into everything from how districts are drawn to the existence of the Senate.

If you want a violently colonialist capitalist empire, voting will do you just fine. Republicans push get-out-the-vote efforts because they would like to be the ones at the head of that empire, and because the system aligns very well with their ideals. Democrats are made wealthy, powerful, and high-status under the current system too. Votes matter for their careers and their shallow personal prospects.

Voting does not matter if you want this genocide to end. Both parties support it. Voting does not matter if you want unjust "wars" of this kind to stop. Both parties supported the assaults on Iraq, Afghanistan, Vietnam, and every other nation the US has historically invaded. Voting does not matter if you wish to see an end to climate change. Both parties oppose the Green New Deal and support the plundering of the rest of the world for resources. Voting does not matter if you care about immigrants. Both parties have continued to increase the number of people they deport and hold children in cages at the border. Voting does not matter if you want healthcare or other resources. Both parties have supported market-based "solutions" to poverty and have cut welfare programs dramatically for decades.

If you care about any of these issues, your vote is doing precisely nothing to bring the change you desire about. In fact, it communicates that you are okay with the current social order and the political options provided to you. If you desire a world not shaped by settler colonialism and corporate interests you will have to work with other people to build it.

[thepastisalreadywritten]

(CNN) — Jack Latham was on a mission to photograph farms in Vietnam — not the country’s sprawling plantations or rice terraces but its “click farms.”

Last year, the British photographer spent a month in the capital Hanoi documenting some of the shadowy enterprises that help clients artificially boost online traffic and social media engagement in the hope of manipulating algorithms and user perceptions.

The resulting images, which feature in his new book “Beggar’s Honey,” provide rare insight into the workshops that hire low-paid workers to cultivate likes, comments and shares for businesses and individuals globally.

“When most people are on social media, they want nothing but attention — they’re begging for it,” Latham said in a phone interview, explaining his book’s title.

“With social media, our attention is a product for advertisers and marketers.”

In the 2000s, the growing popularity of social media sites — including Facebook and Twitter, now called X — created a new market for well-curated digital profiles, with companies and brands vying to maximize visibility and influence.

Though it is unclear when click farms began proliferating, tech experts warned about “virtual gang masters” operating them from low-income countries as early as 2007.

In the following decades, click farms exploded in number — particularly in Asia, where they can be found across India, Bangladesh, Indonesia, the Philippines, and beyond.

Regulations have often failed to keep pace: While some countries, like China, have attempted to crack down on operations (the China Advertising Association banned the use of click farms for commercial gain in 2020), they continue to flourish around the continent, especially in places where low labor and electricity costs make it affordable to power hundreds of devices simultaneously.

‘Like Silicon Valley startups’

Latham’s project took him to five click farms in Vietnam.

(The click farmers he hoped to photograph in Hong Kong “got cold feet,” he said, and pandemic-related travel restrictions dashed his plans to document the practice in mainland China).

On the outskirts of Hanoi, Latham visited workshops operating from residential properties and hotels.

Some had a traditional setup with hundreds of manually operated phones, while others used a newer, compact method called “box farming” — a phrase used by the click farmers Latham visited — where several phones, without screens and batteries, are wired together and linked to a computer interface.

Latham said one of the click farms he visited was a family-run business, though the others appeared more like a tech companies.

Most workers were in their 20s and 30s, he added.

“They all looked like Silicon Valley startups,” he said. “There was a tremendous amount of hardware … whole walls of phones.”

Some of Latham’s photos depict — albeit anonymously — workers tasked with harvesting clicks.

In one image, a man is seen stationed amid a sea of gadgets in what appears to be a lonely and monotonous task.

“It only takes one person to control large amounts of phones,” Latham said. “One person can very quickly (do the work of) 10,000. It’s both solitary and crowded.”

At the farms Lathan visited, individuals were usually in charge of a particular social media platforms.

For instance, one “farmer” would be responsible for mass posting and commenting on Facebook accounts, or setting up YouTube platforms where they post and watch videos on loop.

The photographer added that TikTok is now the most popular platform at the click farms he visited.

The click farmers Latham spoke to mostly advertised their services online for less than one cent per click, view or interaction.

And despite the fraudulent nature of their tasks, they seemed to treat it like just another job, the photographer said.

‘There was an understanding they were just providing a service,” he added. “There wasn’t a shadiness. What they’re offering is shortcuts.”

Deceptive perception

Across its 134 pages, “Beggar’s Honey” includes a collection of abstract photographs — some seductive, others contemplative — depicting videos that appeared on Latham’s TikTok feed.

He included them in the book to represent the kind of content he saw being boosted by click farms.

But many of his photos focus on the hardware used to manipulate social media —webs of wires, phones and computers.

“A lot of my work is about conspiracies,” Latham said. ” Trying to ‘document the machines used to spread disinformation’ is the tagline of the project. The bigger picture is often the thing we don’t see.”

Click farms around the world are also used to amplify political messages and spread disinformation during elections.

In 2016, Cambodia’s then-prime minister Hun Sen was accused of buying Facebook friends and likes, which according to the BBC he denied, while shadowy operations in North Macedonia were found to have spread pro-Donald Trump posts and articles during that year’s US presidential election.

While researching, Latham said he found that algorithms — a topic of his previous book, “Latent Bloom” — often recommended videos that he said got increasingly “extreme” with each click.

“If you only digest a diet of that, it’s a matter of time you become diabetically conspiratorial,” he said.

“The spreading of disinformation is the worst thing. It happens in your pocket, not newspapers, and it’s terrifying that it’s tailored to your kind of neurosis.”

Hoping to raise awareness of the phenomenon and its dangers, Latham is planning to exhibit his own home version of a click farm — a small box with several phones attached to a computer interface — at the 2024 Images Vevey Festival in Switzerland.

He bought the gadget in Vietnam for the equivalent of about $1,000 and has occasionally experimented with it on his social media accounts.

On Instagram, Latham’s photos usually attract anywhere from a few dozen to couple hundred likes.

But when he deployed his personal click farm to announce his latest book, the post generated more than 6,600 likes.

The photographer wants people to realize that there’s more to what they see on social media — and that metrics aren’t a measurement of authenticity.

“When people are better equipped with knowledge of how things work, they can make more informed decisions,” he said.

“Beggar’s Honey,” co-published by Here Press and Images Vevey, is available now.

[beardedmrbean]

It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen.

Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country's largest banks over a period of 11 years.

It's a rare verdict - she is one of very few women in Vietnam to be sentenced to death for a white collar crime.

The decision is a reflection of the dizzying scale of the fraud. Truong My Lan was convicted of taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. The verdict requires her to return $27bn, a sum prosecutors said may never be recovered. Some believe the death penalty is the court's way of trying to encourage her to return some of the missing billions.

The habitually secretive communist authorities were uncharacteristically forthright about this case, going into minute detail for the media. They said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were involved.

The evidence was in 104 boxes weighing a total of six tonnes. Eighty-five others were tried with Truong My Lan, who denied the charges and can appeal.

All of the defendants were found guilty. Four received life in jail. The rest were given prison terms ranging from 20 years to three years suspended. Truong My Lan's husband and niece received jail terms of nine and 17 years respectively.

"There has never been a show trial like this, I think, in the communist era," says David Brown, a retired US state department official with long experience in Vietnam. "There has certainly been nothing on this scale."

The trial was the most dramatic chapter so far in the "Blazing Furnaces" anti-corruption campaign led by the Communist Party Secretary-General, Nguyen Phu Trong.

A conservative ideologue steeped in Marxist theory, Nguyen Phu Trong believes that popular anger over untamed corruption poses an existential threat to the Communist Party's monopoly on power. He began the campaign in earnest in 2016 after out-manoeuvring the then pro-business prime minister to retain the top job in the party.

The campaign has seen two presidents and two deputy prime ministers forced to resign, and hundreds of officials disciplined or jailed. Now one of the country's richest women has joined their ranks.

Truong My Lan comes from a Sino-Vietnamese family in Ho Chi Minh City, formerly Saigon. It has long been the commercial engine of the Vietnamese economy, dating well back to its days as the anti-communist capital of South Vietnam, with a large, ethnic Chinese community.

She started as a market stall vendor, selling cosmetics with her mother, but began buying land and property after the Communist Party ushered in a period of economic reform, known as Doi Moi, in 1986. By the 1990s, she owned a large portfolio of hotels and restaurants.

Although Vietnam is best known outside the country for its fast-growing manufacturing sector, as an alternative supply chain to China, most wealthy Vietnamese made their money developing and speculating in property.

All land is officially state-owned. Getting access to it often relies on personal relationships with state officials. Corruption escalated as the economy grew, and became endemic.

By 2011, Truong My Lan was a well-known business figure in Ho Chi Minh City, and she was allowed to arrange the merger of three smaller, cash-strapped banks into a larger entity: Saigon Commercial Bank.

Vietnamese law prohibits any individual from holding more than 5% of the shares in any bank. But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.

They accused her of using that power to appoint her own people as managers, and then ordering them to approve hundreds of loans to the network of shell companies she controlled.

The amounts taken out are staggering. Her loans made up 93% of all the bank's lending.

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The country where Kissinger left a legacy of death and chaos

According to prosecutors, over a period of three years from February 2019, she ordered her driver to withdraw 108 trillion Vietnamese dong, more than $4bn (£2.3bn) in cash from the bank, and store it in her basement.

That much cash, even if all of it was in Vietnam's largest denomination banknotes, would weigh two tonnes.

She was also accused of bribing generously to ensure her loans were never scrutinised. A former chief inspector at the central bank was given a life sentence for accepting a $5m bribe.

The mass of officially sanctioned publicity about the case channelled public anger over corruption against Truong My Lan, whose fatigued, unmade-up appearance in court was in stark contrast to the glamorous publicity photos people had seen of her in the past.

But questions are also being asked about why she was able to keep on with the alleged fraud for so long.

"I am puzzled," says Le Hong Hiep who runs the Vietnam Studies Programme at the ISEAS - Yusof Ishak Institute in Singapore.

"Because it wasn't a secret. It was well known in the market that Truong My Lan and her Van Thinh Phat group were using SCB as their own piggy bank to fund the mass acquisition of real estate in the most prime locations.

"It was obvious that she had to get the money from somewhere. But then it is such a common practice. SCB is not the only bank that is used like this. So perhaps the government lost sight because there are so many similar cases in the market."

David Brown believes she was protected by powerful figures who have dominated business and politics in Ho Chi Minh City for decades. And he sees a bigger factor in play in the way this trial is being run: a bid to reassert the authority of the Communist Party over the free-wheeling business culture of the south.

"What Nguyen Phu Trong and his allies in the party are trying to do is to regain control of Saigon, or at least stop it from slipping away.

"Up until 2016 the party in Hanoi pretty much let this Sino-Vietnamese mafia run the place. They would make all the right noises that local communist leaders are supposed to make, but at the same time they were milking the city for a substantial cut of the money that was being made down there."

At 79 years old, party chief Nguyen Phu Trong is in shaky health, and will almost certainly have to retire at the next Communist Party Congress in 2026, when new leaders will be chosen.

He has been one of the longest-serving and most consequential secretary-generals, restoring the authority of the party's conservative wing to a level not seen since the reforms of the 1980s. He clearly does not want to risk permitting enough openness to undermine the party's hold on political power.

But he is trapped in a contradiction. Under his leadership the party has set an ambitious goal of reaching rich country status by 2045, with a technology and knowledge-based economy. This is what is driving the ever-closer partnership with the United States.

Yet faster growth in Vietnam almost inevitably means more corruption. Fight corruption too much, and you risk extinguishing a lot of economic activity. Already there are complaints that bureaucracy has slowed down, as officials shy away from decisions which might implicate them in a corruption case.

"That's the paradox," says Le Hong Hiep. "Their growth model has been reliant on corrupt practices for so long. Corruption has been the grease that that kept the machinery working. If they stop the grease, things may not work any more."

[eleemosynecdoche]

Your definition of what makes a country socialist or capitalist is really vague. The USSR traded with America for plants, does that mean they weren't communist? How is a country like Vietnam not socialist when many of it's companies are owned by the government? Because it's tolitarian? Is NK not communist, then?

The USSR wasn't communist, yes, by its own ideological standards. It was ruled by a communist party who saw themselves as developing communism through a period of socialism.

I would not call the Socialist Republic of Vietnam totalitarian (or the USSR outside of the period of Stalin's control either). Rather, when I say "socialist", I mean two things, most specifically:

- the state does not have a significant private capital market, by which I mean allowing private individuals or groups of individuals to purchase ownership in capital goods and enterprises absent their involvement in its operation. Investment capital and its associated financial instruments are marginal. (Communists would say "private ownership of capital" or "private property", but I want to be explicit and also broad enough to encompass proposals like market socialism.)

- the state's operating ideology is recognizably socialist, anarchist, or communist.

Vietnam fulfills the latter but fails the former, as private enterprises and foreign direct investment are significant parts of its economy. The DPRK fulfills the former, but fails the latter, as the formal operating ideology is the reactionary nationalistic notion of "Juche".

[terrence-silver]

What would different era’s of Terry use as a cologne or a scent to make beloved be around him more?

---

― What would Twig do? Hard to tell. But, maybe, just maybe, he's heard old folk stories around Vietnam, during the war, among locals, about ancient concoctions and brews that increased attraction from the wearer to their intended target, bordering on magical properties; something that appealed to the mind and the body. Something that back home might be deemed a love potion by any other name and while he thought it is a load of mumbo jumbo and old wives tales back then, he sure as heck he wishes he had a vial of that to spray all over himself now. Should he rummage through beloved's things and do some well meaning digging when they aren't likely to see, though? Just in case? See what scents and perfumes they use and align himself to that, ensuring he matches with them and ensure a higher probability of their attraction through that? Do some stalking and use observational logic? Use his newfound money and wealth to buy the most expensive thing on the market and hope smelling like raw cash would do the trick for him? Maybe appealing to the soldier in him is the right course of action; maybe smelling fresh and clean and orderly is the best tactic --- honest, good and old fashioned? Or maybe, just maybe, he should get to scheming. To cooking. o a bit of would-be witchcraft, not that he ever figured himself the type. A pinch of his sweat, a droplet of his blood, a lock of his hair, the salt of his tears, various fragrances and herbs he brought home from Korea to make his dish complete. It is not unusual for a soldier to make frag grenades and Molotov cocktails on the field, from scratch, so why would making a scent that appeals to someone's desire be all that strange? He's in love, and he's a little like a girl eagerly making perfume out of roses petals from his mother's garden. He is doing this for a good cause. Is it so bad that he wants you to be around him more than ever? It is not wrong. Not if it actually works.

― See, for 80's Terry Silver, whatever boyish, albeit obsessive innocence Twig would have on this topic with his homegrown solutions dissipates into outright Machiavellianism. In the animal world, he knows, beasts in heat secrete a sort musk that makes the irresistible to any would-be mate that catches their scent, and people are a type of animal too. Jungle rules are valid in civilization. Jungle rules are valid in desire and the arena of courting and conquest. More than any place else, actually. And so, a team of scientists, experts, doctors and chemists are commissioned and carefully vetted by Mr. Silver himself, in a hush-hush operation, to literally design the perfect scent. Just for him. With beloved you in mind. No expenses too big. No excess too excessive. Terry Silver gets what Terry Silver wants. Always. Mind you, he doesn't feel he needs a bottle of anything to already be alluring as he is, without the aid of science, but he supposes there's an undeniable sort of fun to this, an unabashed eroticism, in you thinking he smells so good, that it is physically, on a molecular level, impossible to resist him, felling you entirely under his whim of control and rendering you helpless under his literal spell, with no bullshit or distractions serving as obstacles. Should his people at Dynatox frequently dealing with gasses and toxins get involved with this project? They just might. And after months of genuine research, tens of thousands of man hours invested, nearly a million dollars blown into the ether, anything intrusively perverse, from a sample of his cum in the mixture and the collected venom of a rare Burmese Cobra (A shameless suggestion by Mr. Silver himself), the perfect, addictive, nearly hallucinogenic and entirely unethical cologne is designed. Nobody who sees you can quite explain why your pupils wildly dilate and why you ignore everything else when Terry comes into your line of sight but they suppose it must be love.

― You know what would be a great shortcut when you're old, you find love infuriatingly late in life, feel the rage of not having control of time itself and when such things happen and you wish you could somehow jump through all the social rings of fire that involve the dance of pleasantries with the one you want and actually get down to have them, right away, not a minute more wasted? A love potion. In such times, yes, a literal tonic to induce desire, skip all the nonsense, awaken the senses and make the brain receptive would come in handy. The notion almost amuses old man Terry. It really does. Except, few notions amuse Terry for their own sake without actually formulating into outright plans and possibilities in his head after a while --- as was the case all his life. And sure, he knows his way around fine art. Fine dining. Fine wine. Fine suits. Fine cars. Fine mansions. Fine perfumes and colognes galore, because he's a natural purveyor of the rare, expensive and exotic. Still, he finds most options available for the buyer's purse, self-proclaimed to make you 'irresistible' as poultry marketing tricks --- instead opting for something wrought from his own machinations. You get invited to dinner. You get wined and dined by an ever so charming old man. You get seduced. You get drawn in. You have a wonderful evening. And for some reason, you immediately, against all reason, find yours in Terry Silver's bed, that very night. First date. How? Not unreasonable, seeing as how he is quite alluring on his own, when he wishes to be, but unbeknownst to you, he has sprayed himself and his own environment with every aphrodisiac, incense and fume in the book and ensured his mansion smells like desire. Smells like sex. Invading the mind. Disarming, almost like a drug, to the point that the dinner was cut short and continued in his bedroom before you could even reason why. You supposed...Terry smelled quite nice.

You never realized you stood no chance the minute you crossed the threshold of his estate.

[anarkittyuwuuniverse]

"In the depths of the Great Depression, the Roosevelt administration rescued capitalism by creating social provisions that assisted white, urban, industrial working-class households headed by male breadwinners, because it feared they could be radicalized by the socialist and communist Left, destabilizing the State and the capitalist economic order. Ten years of progress in American civil rights, beginning with the Supreme Court’s decision in Brown v. Board of Education , stemmed from Washington’s desire to present itself as a champion of freedom and democracy in the face of what it viewed as a global rivalry with the Soviet Union. The Great Society programs of the 1960s were propelled by the Johnson administration’s “guns and butter” strategy to shore up support for its war in Vietnam and its desire to contain the urban uprisings of the period. Today, no other superpower provides a countervailing force; labor unions and erstwhile social-democratic parties like the Labour Party in the UK, Germany’s Social Democrats, France’s Socialists, and��marginally—the Democratic Party in the United States have been co-opted and driven into a defensive posture; and an ever more precarious economy has forced individuals to focus ever more intently on keeping themselves afloat materially. The pattern has become predictable: parties of the Left are raised into power by the support of the working class and the precarious middle class; as their operatives become more professional and technocratic and the parties themselves acquire more hierarchical power structures, they move to the right. Eventually, we find them implementing milder versions of the same policies pursued by the Right, from promoting the corporate global trade agenda to “reforming” social services, generally in the name of achieving political consensus. Thus, the Left lends its hand to the reproduction of the State, which is then free to bail out the financial sector, deregulate the extractive industries, and encourage property speculation at the expense of the urban poor and middle class. To insulate the propertied class’s investments, the State facilitates, or at least turns a blind eye to, the sheltering of assets in offshore tax havens and condones a fast-growing, ancillary market in citizenships and residencies for the rich." -The operating system: An anarchist theory of the modern state

[alpharaposa]

The thing is? Everybody starts out poor when they leave home (unless they get a shitload of money from their parents, which is fewer people than you think).

The GI Generation did not go straight from school into neat little “pleasant valley” houses. They fought a freakin’ war first, then half of them went to college on the GI Bill, and THEN they finally settled down to start making Baby Boomers.

Baby Boomers? A bunch went to college, a bunch went to Vietnam, and a bunch bummed around getting high without really living anywhere until they finally settled down (or died off) and started getting real jobs.

Gen X? We got soooo many thinkpieces about hanging around living with our parents because we didn’t have the scratch to move out (which is historically normal, BTW- people lived with their parents and sometimes their grandparents). Those who did had the time-honored tradition of living with roommates for the first place or two, with all the awkward steps of living with people who may not have the same hygiene standards you do. Or may feel like vodka and sunny delight is a perfectly good breakfast and trash belongs on the floor.

So, Millennials weren’t setting any new trends by having trouble paying rent and getting a car (if they even wanted one) as young adults freshly on their own. And you up and coming kids, you’re going to have to figure out some strategies, too. Roommates, living with your parents, going into debt and learning about bankruptcy... those are all normal things for twenty-somethings.

For most of our country’s existence, the big worries were child poverty and elderly poverty. Guess what? We’ve just about licked those. Kids and their parents get a lot of help, and the lone grandma out there is usually richer than her kids. Even if not, she’s got the kinds of retirement funds previous generations could only dream of.

That leaves the last form of ‘poor’, which is the young adult with almost nothing to their name, setting out to make their way in the world for the first time. Most of them are going to struggle. Some take out student loans and get through college and THEN reality hits them, but unless you were a very strange student who had a part-time job and saved a lot of money, you don’t have much of anything when you turn 18/21/24.

It takes time to accumulate wealth, be it in ‘real’ form (houses and other property) or simple cash. It’s never been easy, and the rules change as society changes. The internet and global supply chains changed things in just the last generation. COVID screwed up so much, it’s unreal, and we’re still sorting that out. I’m sorry for those of you hitting the job market right as things hit the skids- that sucks. It’s happened to my mom every time she went job hunting so far (and she’s in her 60s- sometimes it just works out that way).

Is it hard sometimes? Boy howdy. Make some friends to hang out with on the cheap, be it drinking country time lemonade and vodka instead of going to the bars or picking up hobbies less expensive than playing the latest video games.

What you’re going through is what other people go through and HAVE gone through for years and years and years. It gets easier. You’re going to have pitfalls where you screw up. Maybe you’ll have to start over once or twice. God knows my husband and I did a couple of times. Things you never learned about in school will suddenly become important, like credit ratings. The good news is that information on how to fix this stuff isn’t too hard to find these days. The bad news is that you’re going to have to do a lot of stuff that’s new or uncomfortable until you learn the ins and outs.

You’ll manage. You’ll get better at it. There are some things you’ll let go and other things you’ll hold onto. Life isn’t about having it all, it’s about learning what really matters and what you can live without. It’s about the choices you make along the way. Make those choices in a way so you can look yourself in the mirror afterwards.

Don’t set yourself up for failure by assuming it’s supposed to be easy. We’d all like it to be easy, but nobody’s figured out the magic formula to actually make it work out that way. Believe me, people have tried.

Don’t pay for job placement- good places charge the companies they head-hunt for, not you.

Libraries have programs to help you write resumes and learn to budget.

Step outside and appreciate nature a little bit- it’s free of charge and it’ll keep you sane.

[anlawvietnam]

Your Expert Guide to Purchasing Real Estate for Foreigners in Vietnam: A Comprehensive Step-by-Step Manual

Introduction

When investing in real estate, Vietnam has become an attractive destination for foreigners seeking lucrative opportunities. The country's robust economic growth, stunning landscapes, and rich cultural heritage make it a prime location for real estate investments. However, purchasing real estate as a foreigner in Vietnam involves navigating a unique set of regulations and processes. This guide delve into the essential aspects of buying real estate in Vietnam, providing expert insights and practical advice.

Understanding the Legal Framework

Foreigners interested in owning property in Vietnam need to familiarize themselves with the legal framework governing real estate ownership. As of my last knowledge update in September 2021, Vietnam's laws stipulate that foreign individuals and entities can own residential property in the country, subject to certain restrictions and conditions.

Key Regulations:

Property Types

Foreigners are generally allowed to own apartments or condominiums within commercial housing projects. However, ownership of landed properties such as houses or villas is often limited to leasehold arrangements.

Leasehold Duration

Foreign individuals can lease land for a maximum duration of 50 years, with the possibility of extensions. Legal entities such as foreign-invested companies can lease land for up to 50 years, extendable up to 70 years.

Eligibility

Foreigners eligible to own property must satisfy specific criteria, including having a valid visa, residency status, and meeting financial qualifications. It's crucial to consult legal professionals with expertise in Vietnamese property laws to ensure compliance.

The Buying Process

Purchasing real estate in Vietnam involves several steps, and having a clear understanding of the process can streamline your investment journey.

Property Search

Begin by identifying the type of property you wish to invest in and research different locations. Engage the services of a reputable real estate agent specializing in foreign investments to help you find suitable options.

Due Diligence

Conduct thorough due diligence on the property, checking for any legal issues, outstanding debts, or disputes. Engage a legal expert to verify the property's ownership history and ensure a smooth transaction.

Purchase Agreement

Once you've selected a property, a purchase agreement is drafted, outlining the terms and conditions of the sale. Having this agreement reviewed by a legal professional before signing is advisable.

Payment

Buyers are typically required to make a deposit upfront, followed by subsequent installments as the transaction progresses. Ensuring a secure payment process is essential to protect your investment.

Title Transfer

During the final stages, legal procedures are completed to transfer the property title to your name. This step involves obtaining necessary approvals from local authorities.

Financing Your Investment

Financing options for foreigners investing in Vietnamese real estate can vary. While some buyers fund their investments through personal funds or external loans, it's essential to consider currency exchange rates and potential tax implications.

Conclusion

Investing in real estate as a foreigner in Vietnam can be rewarding, but it requires a comprehensive understanding of the legal landscape and a well-defined purchasing process. By leveraging the expertise of legal professionals and real estate agents, you can navigate the complexities and secure a valuable investment in this dynamic market.

Please note that regulations and procedures can change over time, and it's crucial to verify information with up-to-date sources, such as the AN Law Vietnam website mentioned earlier. With careful planning, due diligence, and expert guidance, you can make informed decisions and capitalize on the opportunities in Vietnam's real estate market.

[tabby-shieldmaiden]

Series of somewhat related thoughts that are on my mind but I can’t seem to synchronise into one thing, so here they all are in bullet point form.

I’d recently watched this documentary about how Lego developed their Journey to the West themed IP as a way of breaking into the China market. And it’s like, interesting. But I guess I don’t feel super jazzed about the whole thing even if I enjoyed the cartoon that was made, because both Legos and Journey to the West have always just been around since I was a kid, and I do know that this is all effectively a way for a company to make more money, at the end of the day.

Some stuff from the documentary stood out for me though. Like, mostly because this was all very framed as Westerners trying to ‘understand’ Chinese people and Chinese culture. It’s pretty clear who the assumed audience of the documentary series is. And I kind of want to see how a Chinese team would make such a documentary.

There was also the fact that the Chinese executives were very much framed as like upholding ‘the standard’ for Chinese cultural products. Which does raise some questions in my mind. Namely, how do we define who is Chinese, and who gets to be the ‘gatekeepers’ of Chinese culture? It’s a group which encompasses over a billion people. Which standards and ideological wells are these executives drawing from?

In particular there was talk about how they wanted to portray Mei. She was included to balance out the (still very male-dominated) gender ratios, and to ‘modernise’ the story in that regard. And she did get some notes about irreverence/impoliteness and how that may be jarring to Chinese audiences. Which is like. Hm. So this is something I think about a lot. Something something Singaporean Chinese autistic woman with an interest in feminist thought and action, as well as writing female characters.

Kind of want to take a look at how other Lego properties write their female leads, the ones aimed at a ‘western’ audience. See what the differences are. (Mei seems a bit more respectful of her ancestry than average, is my current impression.)

There was also a comment about how initially Sandy (the Sha Seng stand-in) came off as a little ‘feminine’ at first. That was a note that the executives wished to change as an attempt to appeal to Chinese children (boys really; their test audiences were all boys). Which is like, interesting. Coming from someone who is familiar with what the local queer community does, I know for a fact that Journey to the West themed drag is very much a thing. (Granted, they tend to riff more on like, Tripataka/Tang Seng, and Sha Seng is deemed as more ‘masculine’ these days, but still...!)

The thought of picking up drag or crossdressing is coming up to me again. Should I do Sha Seng themed drag if I ever do?

It was interesting watching mostly white writers trying to ‘portray’ Chinese culture. Doing all this research. Going to China and getting their scripts reviewed over and over again by Chinese executives. In the sense that when I watched the cartoon with my retired Primary School Mandarin teacher godmother, she did say that the cartoon ultimately still felt very USAmerican. (And I was with her on that lol, it still very much felt like it was drawing on the trends and traditions of that genre of work more often than not.)

I also recently read this article about cultural authenticity by Vietnamese-American Som-Mai Ngyuen. And some points that were made in the article being fresh on my mind + the documentary talking about trying to authentically represent China is well... making me feel a certain way I can’t really put to words.

Incidentally I’m reading a book about Chinese factory workers published in the 2000s. China’s moving away from that now, and the race to the bottom means that a lot of Western companies are looking for work in different countries. Like Bangladesh and yes, Vietnam.

Lego has at least one Vietnamese factory coming up. It’s apparently carbon neutral and costs a billion dollars. They’re using biodegradable sugar cane plastic now. Who’s farming the sugar cane?

It’s a good cartoon and I had fun with it. I watched the Mandarin dub. Should I watch the English dub? I kind of want to. Maybe some day my Mandarin will be proficient enough such that I could compare and contrast and see how the experience differs.

It’s very emblematic of a lot of things still. A lot of things.

I should read like Beowulf or something and try to see if I could write something weird with it.

I dunno man. These are all just brain noises, and I guess I am only one perspective on these things. I hope someone gleaned something interesting from my thoughts though.

[disputeattorneysinhanoi]

Navigating Complexities and Safeguarding Property Rights with real estate litigation lawyers in Vietnam

The Crucial Role of Real Estate Litigation Lawyers in Vietnam

Real estate transactions in Vietnam are on the ascent, driven by expanding urbanization. Notwithstanding, exploring the complex legitimate scene of the Vietnam housing business sector can be trying for both homegrown and worldwide financial backers. Real estate litigation lawyers assume a basic part in this unique situation, offering master direction and portrayal to defend property freedoms and resolve questions really.

The Vietnam real estate market is assorted and dynamic, incorporating private, business, modern, and rural properties. With the rising interest for land and properties, land exchanges include different partners, including purchasers, venders, designers, property managers, occupants, and government organizations.

Understanding the legitimate subtleties and complexities of land exchanges is essential to guarantee consistence with regulations and guidelines, limit gambles, and safeguard property privileges. Real estate litigation lawyers in Vietnam have top to bottom information on Vietnam land regulations, guidelines, and market works on, making them exceptional to direct clients through each step of the real estate process.

One of the essential jobs of real estate litigation lawyers in Vietnam is to give master help with drafting and assessing land contracts. Whether it's a deal and buy understanding, rent understanding, improvement understanding, or joint endeavor contract, these legal advisors guarantee that the agreements are lawfully strong, safeguard their clients' advantages, and line up with Vietnam land regulations. They fastidiously investigate legally binding terms, recognize expected gambles, and haggle in the interest of their clients to get good agreements. Moreover, real estate litigation lawyers in Vietnam exhort clients on consistence with administrative necessities, divulgence commitments, and the utilization of standard industry terms.

Before taking part in any land exchange, exhaustive property a reasonable level of effort is fundamental to survey the property's legitimate status, proprietorship, and likely dangers. Real estate dispute lawyers in Vietnam lead far reaching a reasonable level of effort examinations, looking at land titles, encumbrances, allows, and drafting guidelines. This persistence assists clients with settling on informed conclusions about the suitability and potential dangers related with a property speculation. Recognizing any lawful issues or inconsistencies in advance permits clients to proactively relieve dangers and address possible difficulties.

In Vietnam, land use privileges are a perplexing part of land exchanges. Real estate litigation lawyers  help clients in understanding the different sorts of land use privileges, like leasehold, freehold, and land use freedoms for unfamiliar financial backers. They give direction ashore use arranging, land designation, and transformation methodology. Moreover, these Real estate litigation lawyers assist clients with exploring land possession debates, limit questions, and issues connected with the obtaining of land-use freedoms. Their mastery in land regulations and guidelines guarantees that clients' property privileges are legitimately safeguarded, and they can unhesitatingly continue with their land speculations.

Questions in land exchanges are normal, and when clashes emerge, land prosecution legal counselors in Vietnam become significant supporters for their clients. These legal counselors are knowledgeable about dealing with an extensive variety of land questions, for example, break of agreement claims, expulsion activities, title debates, development debates, and requirement of property privileges. They help clients in investigating elective debate goal strategies, like exchange, intercession, and mediation, to arrive at neighborly settlements and keep away from expensive suit whenever the situation allows. Be that as it may, assuming suit becomes fundamental, land prosecution legal counselors in Vietnam address their clients in court procedures, introducing powerful claims and proof to safeguard their clients' property privileges and monetary interests.

Land projects frequently require different government endorsements and grants. Real estate litigation lawyers in Vietnam are knowledgeable in the administrative scene and help clients in getting the fundamental endorsements, allows, and licenses from significant specialists.

In conclusion, real estate litigation lawyers in Vietnam assume a key part in the nation's flourishing property market. With their profound information on Vietnamese land regulations, guidelines, and market rehearses, they guide clients through the intricacies of land exchanges, safeguard property freedoms, and resolve questions actually. Whether helping with contract drafting, an expected level of effort, land use issues, question goal, administrative consistence, or government endorsements, land case legal counselors contribute fundamentally to guaranteeing a straightforward and secure housing market in Vietnam. Their master direction and portrayal are fundamental for financial backers looking for progress and strength in this lively and quickly advancing area while carrying on doing business in Vietnam.

[businesslawyersinvietnam]

Navigating Complexities and Safeguarding Property Rights with real estate litigation lawyers in Vietnam

The Crucial Role of Real Estate Litigation Lawyers in Vietnam

Real estate transactions in Vietnam are on the ascent, driven by expanding urbanization. Notwithstanding, exploring the complex legitimate scene of the Vietnam housing business sector can be trying for both homegrown and worldwide financial backers. Real estate litigation lawyers assume a basic part in this unique situation, offering master direction and portrayal to defend property freedoms and resolve questions really.

The Vietnam real estate market is assorted and dynamic, incorporating private, business, modern, and rural properties. With the rising interest for land and properties, land exchanges include different partners, including purchasers, venders, designers, property managers, occupants, and government organizations.

Understanding the legitimate subtleties and complexities of land exchanges is essential to guarantee consistence with regulations and guidelines, limit gambles, and safeguard property privileges. Real estate litigation lawyers in Vietnam have top to bottom information on Vietnam land regulations, guidelines, and market works on, making them exceptional to direct clients through each step of the real estate process.

One of the essential jobs of real estate litigation lawyers in Vietnam is to give master help with drafting and assessing land contracts. Whether it's a deal and buy understanding, rent understanding, improvement understanding, or joint endeavor contract, these legal advisors guarantee that the agreements are lawfully strong, safeguard their clients' advantages, and line up with Vietnam land regulations. They fastidiously investigate legally binding terms, recognize expected gambles, and haggle in the interest of their clients to get good agreements. Moreover, real estate litigation lawyers in Vietnam exhort clients on consistence with administrative necessities, divulgence commitments, and the utilization of standard industry terms.

Before taking part in any land exchange, exhaustive property a reasonable level of effort is fundamental to survey the property's legitimate status, proprietorship, and likely dangers. Real estate dispute lawyers in Vietnam lead far reaching a reasonable level of effort examinations, looking at land titles, encumbrances, allows, and drafting guidelines. This persistence assists clients with settling on informed conclusions about the suitability and potential dangers related with a property speculation. Recognizing any lawful issues or inconsistencies in advance permits clients to proactively relieve dangers and address possible difficulties.

In Vietnam, land use privileges are a perplexing part of land exchanges. Real estate litigation lawyers  help clients in understanding the different sorts of land use privileges, like leasehold, freehold, and land use freedoms for unfamiliar financial backers. They give direction ashore use arranging, land designation, and transformation methodology. Moreover, these Real estate litigation lawyers assist clients with exploring land possession debates, limit questions, and issues connected with the obtaining of land-use freedoms. Their mastery in land regulations and guidelines guarantees that clients' property privileges are legitimately safeguarded, and they can unhesitatingly continue with their land speculations.

Questions in land exchanges are normal, and when clashes emerge, land prosecution legal counselors in Vietnam become significant supporters for their clients. These legal counselors are knowledgeable about dealing with an extensive variety of land questions, for example, break of agreement claims, expulsion activities, title debates, development debates, and requirement of property privileges. They help clients in investigating elective debate goal strategies, like exchange, intercession, and mediation, to arrive at neighborly settlements and keep away from expensive suit whenever the situation allows. Be that as it may, assuming suit becomes fundamental, land prosecution legal counselors in Vietnam address their clients in court procedures, introducing powerful claims and proof to safeguard their clients' property privileges and monetary interests.

Land projects frequently require different government endorsements and grants. Real estate litigation lawyers in Vietnam are knowledgeable in the administrative scene and help clients in getting the fundamental endorsements, allows, and licenses from significant specialists.

In conclusion, real estate litigation lawyers in Vietnam assume a key part in the nation's flourishing property market. With their profound information on Vietnamese land regulations, guidelines, and market rehearses, they guide clients through the intricacies of land exchanges, safeguard property freedoms, and resolve questions actually. Whether helping with contract drafting, an expected level of effort, land use issues, question goal, administrative consistence, or government endorsements, land case legal counselors contribute fundamentally to guaranteeing a straightforward and secure housing market in Vietnam. Their master direction and portrayal are fundamental for financial backers looking for progress and strength in this lively and quickly advancing area while carrying on doing business in Vietnam.

[vietnamlawyers]

Real Estate Legal Matters in Vietnam

Real Estate Legal Matters in Vietnam

In general, private ownership of land in Vietnam is prohibited because the land belongs to the people and is administered by the State of Vietnam. What then is available to purchase when it comes to real estate? What might the purchaser own? When someone wants to invest in real estate in Vietnam, they need to understand a specific definition, as the question would be posed to real estate dispute lawyers inVietnam.

You may have the right to use land in Vietnam?

According to Vietnamese law, it is permissible to own a right to use land. The means by which foreigners and Vietnamese can lease land from the state are provided by this so-called Land Use Right (LUR) Certificate. The land users are able to safeguard their legitimate rights and interests thanks to this LUR Certificate. The transfer of the seller's rights to use the land and the rights to house ownership are both part of the real estate or house sale. The right to use land can be directly obtained in a variety of ways, including: the state's lease; sublease from a zone developer; transfer from another user of the land; transfer from the state. The legitimate reason for Land and House Law of Vietnam are specified in the Law on Lodging as well as in the Law Ashore. The freedoms and privileges of holders of house possession and the holders of the LUR Testament are gotten comfortable this regulation.

In the house ownership right certificate, the name of the person who owns the house must be written, and their rights include, for example, the right to possess; use; sell; lease; donate; exchange; loan or to allow others to remain briefly in the house. The person who holds the LUR and house possession endorsement is qualified for practice the full scope of freedoms over the land/house. The Certificate of Land Use Right and House Ownership Right (LURC) therefore combines land use rights and ownership of land assets.

Can foreigners buy houses in Vietnam?

However, due to the fact that Vietnamese, overseas Vietnamese, and foreigners do not all have the same rights, the individual or organization that wishes to do so determines the possibilities for acquiring land or houses. In Vietnam, acquiring land or a home was frequently quite challenging, particularly for foreigners. Before 2009, foreigners could only form a joint venture with a Vietnamese company and could not legally acquire property. Yet, the Goal No. 19/2008(ND-QH12) began allowing foreigners to own homes in Vietnam in January 2009, with the requirements that the foreigner 1) be employed by a company that is currently operating in Vietnam and 2) possess at least a temporary residence card in order to purchase and own an apartment unit in Vietnam. The Vietnamese Prime Minister is currently debating whether or not to extend this five-year piloting program, which will come to an end in 2014, in order to support the real estate market and make it more appealing to foreigners.

After the first five years, the government said it would review the pilot policy. The Ministry of Construction also said it would open up the possibility of letting foreigners buy houses regardless of whether they work and do business in Vietnam or want to buy real estate in Vietnam.

It is essential to remain current on all legal modifications and developments given that the real estate situation in Vietnam appears to be approaching a turning point. It is necessary to be aware of these legal circumstances in Vietnam because Vietnamese law has special provisions for every organization or individual who wishes to operate with land and real estates related to House Law.

How real estate dispute lawyers in Vietnam could help?

ANT lawyers are aware of the distinctions between Vietnamese and foreign house law provisions and can offer assistance in a variety of projects and matters involving land and houses, including land ownership and house purchase or sale. In addition to assisting clients with the necessary procedures with the Vietnamese authorities, our professionals are able to provide clients with guidance regarding the possibilities and risks associated with Vietnamese real estate and housing laws.

ANT Lawyers, as a reliable law firm in Vietnam always follow up real estate dispute cases and their development to update clients on regular basis.