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

projects will reduce the efficiency of capital use, and the investment environment will deteriorate. Third, simplify procedures and assign provincial authorities to carry out steps to implement real estate investment and business activities of foreign-invested enterprises, according to which: Decision on investment policy should be boldly assigned to foreign invested enterprises. Provincial People's Committee: depending on the scale of land use, migration and resettlement plans, impacts on the environment, etc. according to the provisions of the investment law. Apply for an Investment Registration Certificate if the foreign-invested enterprise has a foreign investor being an individual /organization holding 51% or more of the charter capital or the majority of general partners are individuals abroad with a partnership company. If this is not the case, after the decision on investment policy is issued, the foreign-invested enterprise can immediately implement the project. Fourth, it is necessary to accurately assess the financial potential of investment projects. Many foreign investors want to deploy projects in the Vietnamese real estate market encourage and create favorable conditions for foreign investors to conduct real estate business effectively in the Vietnamese market. Develop legal regulations on real estate business for overseas Vietnamese and foreign-invested enterprises to ensure that it does not affect the issue of land use rights and house ownership in accordance with the land law and housing law [8]. However, in order to promote the development and create a breakthrough in the development of the domestic real estate market, it is necessary to create a more open space and legal scope for the real estate market to develop healthily and in the right direction. Fifth, We need to control and prevent money laundering so that those who have real real estate needs can access this type of property with genuine income, avoiding wasting resources and financial resources main. In recent years, the real estate market has been exciting at times, at times bleak, erratic hot and cold market is a phenomenon, which is a high risk factor for self-interest transactions in the transfer of use rights. The soil is born and nurtured. Money laundering takes place silently and is very difficult to control. Many large sums of money invested in real estate are not mobilized from idle sources in the people, but sometimes drawn from the money of the State and the people. Money laundering causes bad consequences to the common interests of society and infringes upon the legitimate rights of people living with legitimate work. As a result, all of them have a negative impact on society. Currently, real estate is an area with a high risk of money laundering. Through many big cases, it has been shown that, in order to launder money, subjects often ask relatives to buy, transfer, and name real estate [9]. The cooperation with FATF [10] with Vietnam Real Estate Association and Vietnam Real Estate Brokers Association has not been regular and continuous in coordinating anti-money laundering activities. Exchange of academics, skills, training and learning experiences is still limited; Reporting organizations are responsible for international cooperation in prevention and combat of money laundering in the real estate sector at the request of competent state agencies [11]. Sixth: Need clearer guidance on stipulating conditions on investment form, scope of activities, Vietnamese partners participating in the implementation of investment activities and other conditions under the provisions of international treaties to which the Socialist Republic of Vietnam is a member. Socialist Republic of Vietnam is a member. It is necessary to expand the scope of investment forms such as capital contribution, purchase of shares or capital contribution of a real estate company to the same extent as a domestic investor, without letting the investor's scope of real estate business activities be limited foreign investors will be narrower than domestic investors. Specifically, according to the Law on Real Estate Business, foreign investors may operate in the following forms: Renting houses and construction works for sublease; For land leased by the State, it is allowed to invest in the construction of houses for lease; Investing in the construction of houses and construction works other than houses for sale, lease, or lease-purchase; Receive transfer of the whole or part of real estate project of the investor to build houses, construction works for sale, lease, lease purchase; For land allocated by the State, it is allowed to invest in the construction of houses for sale, lease, or lease-purchase. II. C onclusion The process, procedures and methods of mutual legal assistance in the prevention and combat of money laundering shall comply with the Law on mutual legal assistance and the Code of Criminal Procedure of Vietnam, international treaties to which the Socialist Republic of Vietnam is a member. Nam is a member of the mutual legal assistance agreement between Vietnam and other countries. In order to effectively control overseas real estate investment activities, it is necessary to concretize processes, procedures and methods of cooperation in extradition of money-laundering criminals in accordance with the Law on Mutual Legal Assistance and the Law on Mutual Legal Assistance. Criminal procedure in Vietnam, international treaties to which the Socialist Republic of Vietnam is a signatory, mutual legal assistance agreements between Vietnam and other countries. The Ministry of Public Security shall act as the focal point to implement and request cooperation in extradition of money laundering criminals [12]. The situation of real estate investment in Vietnam is increasingly rich and complex. Therefore, in the real 31 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