Vietnam

Vietnam is a densely-populated developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy. Since 2001, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration.

Buying a Property in Vietnam

The idea of buying property in Vietnam seems like it could be a step too far for many UK overseas property buyers. In many ways, the country is so far away on the other side of the world, that it is almost as if it is only being seen as a property and economic hotspot because everywhere else has been mentioned.

Main Characteristics of Law on FDI

The first Law on FDI in Vietnam was promulgated by Vietnam's National Assembly (Parliament) in December 1987. After being amended twice, the law was rescinded and replaced by a new Law on FDI that was passed in November 1996. The new law was amended again in May 2000 with a view to further improving foreign direct investment environment.

FDI Real Performance 2009

Report on foreign investment for the first 2 months of 2009: Based on reports received up to date from cities/provinces, the Department of Foreign Investment issued the report with the following points.

Vietnam clarifies foreign ownership rules but confusion grows over new property tax

Government has clarified the rules regarding foreign ownership of property in a bid to encourage more overseas investors in the country’s real estate market. Foreigners are allowed to own one apartment in Vietnam for up to 50 years, according to a statement.

Vietnam Development Report 2010

Institutions are not buildings or organizations, they are the rules by which citizens, firms, and the state interact. The photographs that grace the cover of this Vietnam Development Report epitomize Modern Institutions. The settings may not appear modern, but the activities they represent are cutting edge, and are transforming Vietnam.

Ministry Forecasts US$25 Billion FDI in 2010

Jan. 20 – The Ministry of Planning and Investment is forecasting that FDI to Vietnam will rise by 10 percent to US$22-US$25 billion given the slowly recovering world economy.