The publication of the list expected to improve transparency in the real estate market while facilitating lawful property ownership by foreign investors and residents in the province.

Authorities in northern Bac Ninh Province have announced two
residential development projects where foreign organizations and individuals
are permitted to own homes, aiming to enhance market transparency and provide a
clear legal framework for property transactions.

The two projects have been included in the province’s
official list of housing developments eligible for foreign ownership under
Vietnamese regulations.

The first project is Social Housing Project No. 2, located
in Zones 5 and 9 of the Southern Urban Area in Bac Giang and Tan Tien wards and developed by Thu
Do Investment and Trading JSC. The project covers approximately 1.2 hectares and comprises three residential buildings. These
include two 19-story social housing towers with one basement level each, and a
19-story commercial apartment building with two basement levels.

Under the approved plan, foreign individuals and
organizations are allowed to purchase and own apartments in the project’s
commercial residential building.

The second project is a social housing development located
in Zone 1 of the urban area adjacent to the Vietnam–Korea Vocational College of
Technology in Bac Giang ward, also developed by Thu Do Investment and Trading
JSC.

Built on a one-hectare site, the project includes a 12-story
social housing building and a 15-story commercial residential tower with one
basement level, together with integrated infrastructure and landscaping
facilities. Foreign buyers will be eligible to own units in the commercial
housing section of the project.

VnEconomy-Thanh Xuân