Quote:
Originally Posted by batty
Suppose if a Singaporean man's Vietnamese wife asks him to but a plot of land in Vietnam and build a house. The Singaporean man being a kind soul, agrees to sponsor her.
Should he put the property's ownership in both his and his Vietnamese wife's names?
Or should he put the property all in his name? He is aware of the sad stories of foreign men who had put the properties soley in their Vietnamese wives' names only to be divorced many years later and could not 'salvage' back the costs of the properties. This is to safeguard his interests.
Can foreigners own properties in Vietnam?
Property ownership in Vietnam goes by 99 years lease and freehold like in Singapore?
Must property owners pay for the right/Government permission to farm the land or to build a house on it?
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Foreigners cannot own land in VN. Title deed will be in your wife's name but you as sponsor, but she can sell off the land anytime she wants without your permission. Land is freehold under vietnamese name. Foreigners can only own condo in VN.