Foreigners permitted to practise real estate brokerage

Foreign real estate brokers with valid licences granted by foreign agencies will be permitted to practise in Vietnam, the Construction Ministry has said.

These licences must be translated into Vietnamese, noterised or certified in accordance with the Vietnamese laws, and sent to local agencies in charge of managing real estate business activities, the ministry added.

The Ministry of Construction will issue specific regulations on granting real estate brokerage and appraisal certificates to foreign individuals in the coming time.

The present Law on Real Estate Business does not require educational and professional qualifications from individuals applying for real estate brokerage certificates.

VNA

>   Agriculture sector needs more government investment (11/08/2008)

>   More than 11,000 cars violate emissions standards (11/08/2008)

>   Singapore ranks fourth among largest foreign investor (11/08/2008)

>   Vietnam considers importing meat due to shortage (11/08/2008)

>   Project takes sustainable farm methods to ethnic communities (11/08/2008)

>   Officials crack down on smuggling (11/08/2008)

>   Lam Dong wants more IZ investment (11/08/2008)

>   Rice harvest indigestion (11/08/2008)

>   Nghe An projects met with iron fist (11/08/2008)

>   PetroVietnam sets up biofuel firm (11/08/2008)