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blue-check Regarding scope of real estate trading of FDI enterprises

Official letter No. 3394/BXD-QLN dated August 24th, 2021 of the Ministry of Construction regarding scope of real estate trading of foreign direct investment (FDI) enterprises
Posted: 31/8/2021 2:42:40 PM | Latest updated: 9/9/2021 2:49:54 PM (GMT+7) | LuatVietnam: 5287 | Vietlaw: 526
VietlawOnline

Scope of real estate trading of FDI enterprises is regulated at clause 3 Article 11 of the Law on Real estate trading No. 66/2014/QH13status2 as follows:

- Rent buildings for sublease;

- Build houses on the land which is leased by the State for lease; build houses or constructions other than houses on such land for sale, for lease, or for lease purchase;

- Receive total or a part of real estate project from investors to build buildings on it for sale, for lease, or for lease purchase;

- Build houses on land which is allocated by the State for sale, for lease, or for lease purchase;

- Build buildings on land which is leased out in industrial parks, industrial complexes, export-processing zones, etc. for trading for the proper land use.

Accordingly, scope of real estate trading of FDI enterprises does not depend on their capital contributions.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 526
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Real estates trading