Global Journal of Management and Business Research, B: Economics and Commerce, Volume 23 Issue 3

with the law on supporting small and medium enterprises. The reason for setting conditions for the real estate business for foreign investors in Vietnam is because real estate is a special commodity. Real estate business is also a specific business in Vietnam. The legal regulations on real estate business and the business conditions surrounding this service also need to be strictly managed and bound by the corresponding legal conditions. In order to screen and select worthy, capable and responsible investors for the business activities of the enterprise. Ensure market stability, control the real estate business market in the current economic situation. The introduction of business conditions and the limitation of the business scope of this particular industry for foreign investors, will ensure that all business activities are within the control and management scope of the state Vietnam. ii. Business License A business license is a license issued by a competent authority to an enterprise that certifies that the enterprise is eligible to do business in the field of business license. Business licenses can bear many different names based on the conditions of that industry, such as certificate of eligibility for alcohol business, license for food hygiene and safety, license for overseas study counseling, license to operate a foreign language training center, etc., granted by a competent state agency. Conditions prescribed on standards of environ- mental sanitation, food hygiene and safety, regulations on fire prevention and fighting, social order, traffic safety and regulations on other requirements for operations business (referred to as business conditions without a license). For example, businesses that want to do business in the field of restaurants, hotels, or beverages,... business owners will be able to do these businesses when approved by the Food Hygiene and Safety Department, Department of Health. under the licensing province, or a city directly under the Central Government that issues the business license; or want to do business in overseas study consulting services, or set up a foreign language training center, etc., must be granted an operating license by the Department of Education of the province or city directly under the Central Government. Regardless of the type of business license, it only has a certain term as prescribed by law c) Controlling Money Laundering through Modern Technology is a Very Effective Measure when Vietnam Integrates Internationally in the Real Estate Sector In the real estate business, the real estates put into business in Vietnam include: Types of real estate put into business according to the provisions of the Law on Real Estate Business 2014 include the following 4 types: Houses, existing construction works of organizations and individuals; Second, Houses and construction works formed in the future by organizations and individuals; Thirdly, Houses and construction works are Public property permitted to: “Illegal mobilization and appropriation of capital; using capital mobilized from organizations and individuals and advances from buyers, lessees, and lessees to purchase future real estate for improper purposes as committed. Conditions for future real estate to be put into business are specified in Article 55 of the Law on Real Estate Business 2014. For goods put into business, it is necessary to study and compare the original documents. to limit risks for Real Estate Projects that are not eligible to be put into business be put into business by a competent state agency; Fourthly, Types of land that are permitted to be transferred, leased or subleased according to the provisions of the law on land shall license to trade in land use rights. Fifth, Clause 5, Article 8 of the Law on Real Estate Business 2014 stipulates prohibited acts in real estate business. Along with the policy of promoting the establishment of businesses, with the goal that by 2020-2050 there are two million businesses nationwide, foreigners will surely come to work, labor, invest and do business in Vietnam. significantly. Most people in Europe, North America, Australia, Japan… often choose to rent a house. Foreigners tend to buy houses often from a number of countries and territories in East Asia and Southeast Asia, such as: China, Korea, Taiwan, Hong Kong, Singapore. [4]. That raises a series of problems. Issues need to be adjusted by law, including regulations on real estate ownership rights of foreign workers in particular and foreign individuals and organizations in general in Vietnam. [5]. Buying real estate abroad for naturalization is an alarming situation, which can have very serious consequences, not only flowing financial resources from the country to abroad, abetting financial crimes but also aiding in financial crimes. It also robs people with real housing needs who are studying, living and working abroad. Currently, our country does not have a mechanism to control the acquisition of other nationality by Vietnamese. This is a loophole for those who want to avoid legal obligations in Vietnam. Therefore, if the forms of real estate investment abroad are developed uncontrollably, they will be a solvent for money laundering and illegal asset dispersal abroad. The crime of money laundering has a very close relationship with the crime of corruption. For example, in the family: the father has a position of embezzlement of property, the children will use the illicit property given to them by the father to launder money. The form of money transfer abroad to be able to prepare for the time of "safe landing" of those with duties and powers who abuse their positions for embezzlement is no longer a strange thing. It is worth mentioning that when these subjects have foreign nationality and are citizens of foreign countries, they will 29 Global Journal of Management and Business Research Volume XXIII Issue III Version I Year 2023 ( ) B © 2023 Global Journals Real Estate Business of Foreign Investors under Vietnam Law