THE GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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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.