Land tenure
Foreign individuals - up to 50 years (with possible extension) from the date of issuance of the Ownership Certificate. One-off extension of residential house ownership duration can be provided up to another 50 years.
Foreign individuals married to Vietnamese citizens - freehold tenure.
Foreign organizations – up to the duration (inclusive of extended duration) indicated in the Investment Certificate/Investment Registration Certificate (IRC). One-off extension of residential house ownership duration can be provided up to the extended duration stated in IRC by making an application to the provincial people’s committee where such residential house is located within 3 months prior to the expire date of the ownership. However, the duration of residential house ownership may not be extended in case such foreign individual is subject to a decision to be deported or such foreign organization is subject to compulsory termination. Before the ownership expires, the owners can donate or sell the houses on their own or authorize another person/ organization to sell or donate the houses. If not, such houses shall belong to the State.