In a meeting with N.A. Vice Chairman Tran Quang Phuong, who was on a working visit to European, the diplomat expressed the hope that specific regulations regarding procedures and necessary documents for real estate transactions involving OVs will be issued soon.

Vietnamese Ambassador to Hungary Nguyen Thi Bich Thao (L) speaks at the meeting with N.A. Vice Chairman Tran Quang Phuong.

From a business perspective, Pham Ngoc Chu, Vice Chairman of the Global Vietnamese Business Association and Chairman of the Vietnamese Business Association in Hungary, affirmed that businesses in Europe strongly support the law as it ensures equality between OVs and Vietnamese businesses and those living in the homeland in buying, selling, transferring, and inheriting land use right and houses in Vietnam.

This will encourage Vietnamese citizens and businesses abroad to pour more investment in the homeland in all fields, he added.

In the meeting, N.A. Vice Chairman Phuong affirmed that the Vietnamese community abroad is an inseparable part of the nation.

He also addressed numerous opinions from the community regarding such matters as restoring the Vietnamese nationality, issuing citizenship cards, increasing the number of scholarships for Vietnamese students, teaching the Vietnamese language, and preserving and promoting the Vietnamese culture in Hungary.

Source: VNA