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VSIC 2018 · Sub-class
68103

Renting, operating and management of residential buildings and land

Cho thuê, điều hành, quản lý nhà và đất ở

Foreign equity capped at 30%

This activity involves the renting, operating, and management of residential buildings and land.

Includes

  • Renting residential buildings
  • Managing residential properties
  • Operating residential land

Excludes

  • Renting non-residential buildings
  • Real estate activities on a fee or contract basis

Foreign ownership

Foreign equity capped at 30%Applies to part of this class

Foreign equity in this activity is capped at 30% of charter capital. The usual route is a joint venture in which a Vietnamese partner holds the balance above the ceiling.

Legal basis: Negative list C9 · Law on Residential Housing 2023 (No. 27/2023/QH15); Decree 95/2024/ND-CP

Your exact activity may fall inside or outside this restriction. Confirm the classification with Emerhub before you rely on it.

Recommended route

Joint venture

Foreign equity up to 30%; a Vietnamese partner holds the balance

Business cooperation contract

A contractual JV without forming a new legal entity

Compare all company structures

Registration path

  1. 1

    IRC

    Investment Registration Certificate from the DPI

  2. 2

    ERC

    Enterprise Registration Certificate (the company itself)

  3. 3

    Post-licensing

    Seal, corporate bank account, tax and e-invoicing

  4. 4

    Sub-licence

    Sector permit, if the activity is conditional

Emerhub files each step with the authorities; you provide the documents and information.

Charter capital

SituationVNDUSD
Most business linesVietnam sets no statutory minimum charter capital for most sectors. The registered charter capital must be credible for the project and fully contributed within 90 days of the Enterprise Registration Certificate. Foreign-invested projects are assessed on capital adequacy at the Investment Registration Certificate stage.. Legal basis: Law on Enterprises 2020 (No. 59/2020/QH14), Art. 47, 75, 113; Law on Investment 2020.No floorNo floor
Real estate businessLegal capital of at least VND 20 billion is required to conduct a real-estate business.. Legal basis: Law on Real Estate Business 2023 (No. 29/2023/QH15).₫20,000,000,000≈ $787k

Bold is the figure the law sets; the other column is an approximate conversion at ₫25,400 to USD 1. Vietnam sets no general minimum for most sectors.