HCMC releases list of 17 residential projects approved for sale to foreigners

The Ho Chi Minh City People's Committee has released a list of 17 commercial housing projects in the city for sale to foreigners, in accordance with the law.

The People's Committee assigned the Department of Construction to publish detailed information of these 17 projects on its official web portal, ensuring transparency, public disclosure, and compliance with legal regulations.

Additionally, the city's Department of Construction has been tasked with inspecting and auditing housing projects with ownership by foreign organizations and individuals, particularly in areas sensitive to national defense and security.

If any violations are detected, the department must compile a report and submit recommendations to the HCMC People's Committee for handling in accordance with its jurisdiction, including the application of administrative sanctions as stipulated by law.

Regarding investment management, the Department of Finance has been assigned to lead, in coordination with the city police, the process of advising on and handling the investment policy approval for housing construction projects.

The objective is to ensure these projects do not adversely affect the land use plan for national defense and security purposes for the 2021–2030 period, with a vision to 2050, in accordance with Decision No. 95/QD-TTg issued by the Prime Minister on November 16, 2023.