Qualified foreigners can practise real estate brokering in Vietnam

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

These licences must be translated into Vietnamese, certified in accordance with the Vietnamese laws, and sent to local agencies in charge of managing real estate business activities, the Vietnam news agency (VNA) quoted the ministry as saying.

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 certificate.