Yes, Vietnamese citizens can own land in Vietnam. However, land ownership is subject to certain restrictions and limitations set by the government.
Vietnamese citizens have the ability to own land in Vietnam, but this ownership is subject to certain restrictions and limitations set by the government. According to the Land Law of Vietnam, land is collectively owned by the people and managed by the state. Therefore, individuals or organizations can acquire land use rights but not the ownership of the land itself. Land use rights can be obtained through various means such as lease, inheritance, or allocation.
The government has set restrictions on the duration of land use rights. For residential purposes, individuals can acquire land use rights for a maximum of 50 years, with the possibility of extending or renewing the term. In certain cases, the government may grant longer-term land use rights, such as for investment projects.
It is interesting to note that foreigners, including foreign-invested enterprises, are also allowed to acquire land use rights in Vietnam, but they are subject to additional requirements and limitations. The duration of land use rights for foreigners is generally shorter, often limited to 50 years with a possible extension. This is done to prioritize domestic land use and to prevent foreign domination of land ownership.
In regard to these land ownership regulations, former General Secretary of the Communist Party of Vietnam, Le Kha Phieu, once stated, “Land is both a precious national resource and a source of production. The state must exercise management and use of land in a fair and efficient manner for the benefit of the people and development of the country.”
To provide a concise comparison, here is a table summarizing some key aspects of land ownership in Vietnam for Vietnamese citizens and foreigners:
|Duration of Land Use Rights||Generally up to 50 years, with possible extensions||Generally up to 50 years, with possible extensions|
|Land Ownership||Not permitted||Not permitted|
|Additional Requirements||May require permission for land acquisition||Additional approval from authorities may be necessary|
|Special Cases||Longer-term land use rights may be granted for certain purposes||Longer-term land use rights may be granted for certain investment projects|
In conclusion, Vietnamese citizens do have the opportunity to own land in Vietnam, although they cannot own the land itself as it is collectively owned by the people and managed by the state. These land ownership regulations, along with restrictions on foreign ownership, aim to maintain fairness, prevent land speculation, and prioritize the country’s development.
The YouTuber in the video addresses the question of whether foreigners can own property or land in Vietnam. They explain that while foreigners are not allowed to purchase land, they can obtain land use rights through ownership certificates of property, which allow them to lease and control the land for a period of 50 to 70 years with the option to renew the leasehold. Freehold ownership is only permitted for foreigners who are married to Vietnamese nationals. However, foreigners can still own the property built on the land. There are limitations and restrictions, but opportunities exist for foreigners to have ownership or control over property in Vietnam.
Other approaches of answering your query
Private ownership of land is not permitted in Vietnam and the people hold all ownership rights with the State as the administrator. However, the laws of Vietnam allow ownership of a right to use land. This right is called the Land Use Right (“LUR”).
In Vietnam, land is owned by the entire Vietnamese people or the State of Vietnam. Vietnamese citizens can own land on a freehold basis and renew the title deed every other decade. However, foreigners can only lease land through foreign-invested companies for up to 50 years at a time. Individuals or organizations only have the right to use land.
Individuals or organizations do not have the right to own land in Vietnam. Land is owned by the entire Vietnamese people or, stated another way, land is owned by the State of Vietnam 6. Individuals or organizations only have the right to use land.
Vietnamese citizens can own land on a freehold basis as they can simply renew the title deed every other decade if they decide to. Foreigners, on the other hand, can only lease land through foreign-invested companies for up to 50 years at a time.
Also people ask
You are entitled to a leasehold of 50 years on the land of your property; however, it is renewable. Foreigners who marry a Vietnamese can get freehold ownership.