Article 7 of the Decree No.99/2015/NĐ-CP mentioned above provides that a
foreigner can transfer his/her property to another foreigner provided that the
later is entitled to own residential property in Viet Nam and the term of the
ownership is the rest of the term left in the Certification of House Ownership
of the former. The purchaser can apply for a Renewable of the Certificate of
House Ownership in accordance with Article 77 of the Decree No.99/2015/NĐ-CP with one-time
extension for the term up to 50 years.