Personal property is movable and includes tangible things, (appliances, car, furniture, jewelry) money, valuable papers and property rights and intangible (bonds, right to a benefit, shares or stocks) items whose ownership belongs to the individual
The Vietnamese legal system is in State of transtion to support a more market-oriented economy and undergoes frequent and at times significant change. The rudiments of a legal system that protects and facilitates property rights have been established. But much more work needs to develop the laws and enforcement mechanism needed to adequately protect property rights in Vietnam.
The forms of owneership are: collective ownership, private ownership, state ownership, common ownership, ownership by political or socio-professional ...
Before 2009, it was not possible for any foreigner wanting to move to Vietnam to legally acquire property. The only way for expats to reach this goal was to form a joint venture with a Vietnamese company.
Because of a new implementation, expats can now legally acquire property on their own, but with several conditions regarding their situation.
- Property right: Quyền tài sản
- Movable: có thể di chuyển
- Tangible: hữu hình
- Market-oriented economy: nền kinh tế thị trường