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Posted: 12 Jul 2009 | 9:30 am
A new Vietnamese Government resolution issued June 3 has set out guidelines and implementing rule for foreign organizations and individuals to purchase apartment units. The new scheme is limited to foreign individuals who invest in Vietnam or have a senior role in an operating company or are married to a Vietnamese citizen. For companies the requirement specifies that there are local operations and an official investment certificate.
In the past the emerging Vietnamese property market has struggled with the issue of foreign ownership but this latest move is clearly meant to stimulate its real estate sector. Many counties in the region are recognizing the need to boost overseas investment; while here in Thailand the current Democrat led Government has yet to target this as a priority issue.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
Flying always gives me a chance to look outside the box and today a news article in SikAir's in-flight magazine caught my imagination.
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