We count on that up to 10 per cent of Vietnamese dwelling overseas are older individuals that will want to return to Vietnam. The National Assembly has adjusted and approved the model new Land Law, which presents extra possibilities for overseas Vietnamese to purchase properties in Vietnam. The government is very actively directing ministries and branches to complete authorized documents guiding the implementation of these new laws, decrees and circulars, which should be accomplished and applied by 2025.

If permitted, the increase might add $500 to $1,000 or more to the annual cost of residents’ property taxes, writes personal finance …