Vietnam will allow foreigners to buy houses for the first time from Jul. 1, 2015, with one simple requirement - they must enter Vietnam legally, reports Thanh Nien News. However, there are still restrictions on where foreigners are able to purchase houses. And it is unclear whether individuals will be able to own land.
With the enactment of new regulations, from Jul. 1, 2015, new businesses will not have to register their exact functions as part of business registration procedures.
Construction of the four-floor below-ground section of the first station of the first metro line in Ho Chi Minh City began at the intersection of Le Loi and Nguyen Hue Streets in District 1 on Friday.