Nguyen Tri Hieu returned to Vietnam six years ago after living in the US for 30, and has been unable to buy a house ever since. He is now optimistic about buying a house after the amendments to the Law on Housing that took effect last July allowing foreigners and Viet kieu (overseas Vietnamese) to buy property in Vietnam. But Hieu, who set up the first Vietnamese-owned bank in the US and is now a senior advisor to Vietnam Thuong Tin Commercial Bank (VietBank), has been unable to fulfill his wish because of various problems that still exist. “The law is considered a great move by Vietnamese authorities. But foreigners and Viet kieu are still facing multiple difficulties in buying a house in Vietnam,” he told Thanh Nien News. The hurdles were discussed intensively at a conference jointly organized in Ho Chi Minh City on Monday by Thanh Nien Newspaper and Thanh Nien Newspaper Joint Stock Company. Nguyen Quang Thong, the newspaper’s Editor-in-Chief, nailed the problem … [Read more...] about It’s still hard for foreigners, Viet kieu to buy houses in Vietnam Business
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Viet kieu get closer to home ownership (03-06-2009) HA NOI — The National Assembly has backed proposed changes to the Housing Law and Land Law which would allow more Viet kieu or overseas Vietnamese to buy houses in the country. The support came as most deputies voiced their concerns over what they consider currently are loose regulations covering overseas Vietnamese purchasing houses in their homeland. The proposed changes to Article 126 of the Housing Law and Article 121 of the Land Law were scrutinised during a NA session in Ha Noi yesterday. Participants were told amendments aimed not only to tighten the relationship between overseas Vietnamese and their homeland but also to encourage investors, scientists and other talents to contribute to the country. If amended, overseas Vietnamese would have the right to use land attached to their residence but could not mortgage their property to raise capital. The amendments also halved the time overseas Vietnamese must reside in the … [Read more...] about Viet kieu get closer to home ownership
You Asked? (05-02-2008) Will Ha Noi hold a Tet party for Viet kieu? I am living in the US and plan to receive the Lunar New Year with relatives in Ha Noi this year. I've heard that there will be a big Tet festival celebration ceremony for overseas Vietnamese in Ha Noi. If so, please let me know when and where it will be held/ Who should I contact to get an invitation to the event? Do I have to pay any fee to get the invitation? If so, how much do I have to pay? Thank you for your information. Viet Huy Hoang, USA The Ha Noi People's Committee has no plan to organise a specific ceremony for Vietnamese overseas to celebrate Tet but there are a number events planned for everyone to enjoy. These include the fun-packed "Du Xuan Ba Mien" (Spring wandering through three regions), to take place at Ho Tay Water Park from February 8-11. Visitors can join in traditional games like danh du (swing), nem con (throwing a shuttlecock),making to he (children's toys with rice dough) and walking on … [Read more...] about Will Ha Noi hold a Tet party for Viet kieu?
Viet kieu change shopping habits (07-01-2008) HCM CITY — A surfeit of traditional Vietnamese goods can now be found abroad, resulting in fewer purchases made by Viet kieu (overseas Vietnamese) when they visit the country. Hoang Yen Linh, owner of a handicraft shop at Binh Tay Market, said the number of purchases by overseas Vietnamese has dropped and many travellers prefer cheaper, easy-to-carry items. Locally made products are now often exported and sold wherever the Vietnamese community live worldwide, Dang Hong Ngoc, a lacquerware shop owner at An Dong Market, said. Ngoc says overseas Vietnamese no longer buy dried fish and shrimp, lacquerware or furniture to take home. "Previously, I used to hunt for lacquer paintings and fine art items to give to friends and relatives, but not now," said Le Bao Anh, a Vietnamese-American, whose frequent visits now preclude the need for major new purchases. Ma Tu Uyen, a Vietnamese-Australian, says she no longer buys kilos of shrimp … [Read more...] about Viet kieu change shopping habits
Viet Kieu (overseas Vietnamese), who are mostly distributing Chinese, South Korean and Thai goods, will become the “messengers” of Vietnamese goods, if Vietnamese manufacturers cooperate with them to popularize Vietnamese goods in the world market. According to Nguyen Thanh Son, Deputy Minister of Foreign Affairs, there are 4 million Vietnamese people living in 103 countries and territories. The Overseas Vietnamese Business Association has got 200 members from different countries in the world. … [Read more...] about Businesses urged to cooperate with Viet Kieu to boost sales overseas