Wednesday, 24 Jul 2019
SOCIAL AFFAIR

Chinese hide behind Vietnamese to own real estate: Police report

Updated at Monday, 03 Jun 2019, 17:22
The Hanoitimes - The rapid growth in number of Chinese traveling to, working and studying in Vietnam led to a rise in demands of owning and hiring dwelling places but without registering to local authorities.
The Vietnamese Ministry of Public Security has admitted that Chinese businesses and individuals own real estate in Vietnam’s coastal areas with Vietnamese citizens as nominees and most of the properties owned by Chinese are found in prime locations, according to local media.
 
Many Chinese have Vietnamese citizens undersign to buy lands in the key economic area in Vietnam.
Many Chinese have Vietnamese citizens undersign to buy lands in the key economic area in Vietnam.
According to the ministry, China is Vietnam’s leading foreign investor, with 6,175 projects in various fields worth some US$65 billion, including those in big cities, key economic zones, coastal areas and borders.
“The projects have contributed to the economic development of Vietnam in general and areas in particular as well as helped strengthen the relationship between the two countries”, the ministry said.
However, some Chinese-invested projects are causing headaches for authorities such as using obsolete technologies, lengthy project execution and poor environmental approach.  
Besides, some Chinese contractors took advantage of loopholes in Vietnam’s labor management policies to bring unskilled workers to Vietnam or employ undocumented laborforce or Chinese working in Vietnam under tourist visas or counterfeited papers.
In addition, the rapid growth in number of Chinese traveling to, working and studying in Vietnam led to a rise in demands of owning and hiring dwelling places but without registering to local authorities. Many Chinese have broken law in Vietnam or fled to Vietnam to commit crimes or avoid arrest warrants.
To control this situation, the ministry has recommended issuing guidelines and policies to direct ministries, agencies and localities to timely detect and report about irregularities during the execution of projects such as infractions of contracts and technical requirements, undocumented worker employment.
The ministry also requested other authorities to improve foreigners’ immigration and residence control, correct and overcome the obstacles and shortcomings in policies including licensing, inspection and supervision of projects which have the participation of foreigners.
Ha An
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