VN to set new regulations for overseas investment

13/10/2020    19:02 GMT+7 vietnamnet

Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is approved.

Viettel Group has invested in providing telecommunications services in a number of countries. Viet Nam is developing a decree to better manage overseas investments. — Photo baodauthau.vn

Enterprises founded under the provisions of the Law on Enterprise would be exempt from the ruling.

The regulation aimed at preventing individuals from investing in real estate in foreign countries for the purpose of obtaining citizenship, according to the ministry.

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