| THE GOVERNMENT ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 71/2001/ND-CP | Hanoi, October 05, 2001 |
DECREE
ON INVESTMENT PREFERENCES FOR THE CONSTRUCTION OF DWELLING HOUSES FOR SALE AND LEASE
THE GOVERNMENT
Pursuant to the Law on Organization of the Government of September 30, 1992;
Pursuant to the July 14, 1993 Land Law; the December 2, 1998 Law Amending and Supplementing a Number of Articles of the Land Law and the June 29, 2001 Law Amending and Supplementing a Number of Articles of the Land Law;
Pursuant to the November 12, 1996 Law on Foreign Investment in Vietnam and the June 9, 2000 Law Amending and Supplementing a Number of Articles of the Law on Foreign Investment in Vietnam;
Pursuant to the May 20, 1998 Law on Domestic Investment Promotion (amended);
At the proposal of the Minister of Construction,
DECREES:
Chapter I
GENERAL PROVISIONS
Article 1.- Scope of application
This Decree prescribes a number of policies to create favorable conditions and provide investment preferences for enterprises participating in investment projects on construction of dwelling houses for sale and lease.
Article 2.- Housing projects eligible for favorable conditions and preferences
The following housing projects shall enjoy favorable conditions and preferences (hereafter referred to as preferential housing projects):
1. Projects on multi-storied dwelling houses (with 5 stories or more for Hanoi and Ho Chi Minh cities, 3 stories or more for other provinces and cities), with self-contained apartments, common stairs and alleys (hereafter called condominiums).
2. Housing projects with residential land accounting for at least 60% of the total land acreage for the construction of condominiums.
