HOW To Buy Real Estate in Vietnam
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- Опубліковано 17 жов 2024
- Thinking about buying real estate in Vietnam but don't know where to start? Whether you want to own a second residence in Vietnam to retire and live there for or invest in a booming real estate market for maximum profits where literally a new project is being built every single day, you first need to understand how real estate works in Vietnam. As the government decided to open up many sectors to foreign investors in 2015, buying a property in Vietnam has become easier for foreign citizens. And in today's video, our International Business & Immigration attorney, Ken Duong, will share with you a step by step easy to understand guide on how to buy real estate in Vietnam, and also talk about some of the tips for you to invest in the real estate market, such as what kind of visa you need, how you can own properties as a foreigner in Vietnam, what kind of taxes you need to pay and many more information regarding how to buy property in Vietnam.
Follow Duong Global Business Consulting & International Attorney Ken Duong | / duongbusinessconsulting
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Can't trust the laws of the jungle. Pay as you go is the easy way. Buy to lease is a losing position. You can not pass on to your family. You disappear so is your house.
Rent is cheaper and no headache. Thanks for sharing.💯👍🇻🇳
Man, I am impressed with your clear presentation skills!
sir your explanations is very transparent , and clear , this is very useful for foreigners
Hello Mr. Duong, my wife and I thoroughly enjoyed watching your videos. After watching this video, we have a few questions:
1) as foreigners, are we allow to buy and own condo or townhouse, or stand alone house. But we are not allow to own the land it’s built on?
2) if “yes” to question 1, do we have to pay property tax?
3) if we were to buy and own homes in VN, would we be allow to transfer them to our children?
4) do we need to be citizens or own passport to purchase homes?
Thank you Mr. Duong for your replies.
Thanks for watching our video. The answers to your questions are actually in the video. As foreign citizen, you can't own land, you can lease it and own what it is on the land. There is no property tax (as mentioned in the video). You can transfer to your children (watch video). We do not understand your 4th question. Yes, you need to have an ID such as a passport if you are a foreign citizen to buy real estate in Vietnam, just like in any other country.
@@duongglobalbusinessconsulting I think he mean if he need to have Vietnamese citizenship to buy and own property in Vietnam (4th question). But you already answer him that as long you have passport or ID (even if it's foreigner) it's oke.
🇺🇸 property taxes annually? How much %? HOA? Inspection? Property Insurance?
If a person is paying cash for one of the fully furnished amenities high rise and renting it out, do you have a general idea of what type of return they may hope to expect (I understand nothing guaranteed) they may get?
Can you do a video for vietnam born US citizen buying land/property rights/process? Can the government void the land lease anytime they choose?
Thank you for posting this video. It’s very informative and helpful.
Thsnk you for your time, so very helpful, Danang is very appealing to me, i hope to go there in the not to distant future. Sean
Thanks for your support!
I have a question; are foreigners able to get a bank loan in Vietnam if we open a bank account? And what other financing options are available?
So sinking fund and VAT is only for newly built properties? If so does that apply to newly built home built by an individual or only a corporation?
Very clear and straightforward - so refreshing in such a complicated country!
The greatest video, so informative. Thank you!!
Thank you for watching our video, we really appreciate it.
Great video Ken! very informative. As a Canadian citizen, my goal is to retire in Vietnam and buy realestate there. First step would be for me to get my vietnamese citizenship.
YOU CANNOT BUY LAND IN VIETNAM IT IS LONG-TERM LEASE WHICH COLLAPSES AFTER SO MANY DECADES. YOU CAN OWN BUILDINGS ON LAND.
I am interested to know how much these condo are? You haven't talk about the price.
Note: The approved properties that foreigners can buy are way over priced and too complicated regarding the term of actual ownership and ability to transfer to other family or other, very complicated and often over priced corruption procedures and opening up a foreign owned company and a vietnamese majority owned company (both i have done) are completely different and super costly for the foreign firm and the viet firm no recourse for the foreigner percentage, the problem is corruption in all levels
Great videos, even though it seem you have a lot people complaining to you about complications about visas , keep um coming it’s not your fault
Thank you very much for the information in how to buy a condo in Vietnam, Am from Kuwait
Glad it was helpful!
In regards to extension of a 50 year Long Term Lease, what fee is involved to extend for a foreigner? Appreciate any help.
A foreigner purchased a condo in VN, he can owned a 50 years lease on it, it does not mean he owns the property outright in USA. The longer he owns the Condo, the shorter the lease, Duong didn't mention foreigner price is 20% to 25% premium over the local, I have a friend purchased a condo, the price raised 35% over local price when sold, his profit was negative of 20 grands, why? He bought the VN condo remotely in Singapore with a 25% premium over local price and he didn't know it, after the wood floor repair from rain damage, the commission, the tax, the depreciation of the exchange rate.
Very informative. I'm an investor and I'm interested in dual citizenship, what would you recommend to be my first step.
Nice guidance. Can a foreigner buy a small island in Vietnam ? The law is same or there are different laws for this regarding a foreigner.
thanks for making the clip; the information was presented flawlessly; easy to understand; i like the way you organized the info. Very informative. I have share your channel with so many others.
Thanks a lot for the compliment and for your support. It's a great idea to share our videos. We also recommend to subscribe as well so our channel doesn't disappear from your UA-cam suggestions. Thanks again!
@@duongglobalbusinessconsulting been done with the subscribing and clicking the video each time i viewed it. Good channel to spread around for others.
Thank you. Just for the sake of clarity, you just need to click once the subscribe button. Clicking twice will unsubscribe you from our channel.
Planning to buy from india 🇮🇳 ✌️ ❤️
Can foreigners obtain a pink book after purchasing? I was told that they can not... Thanks for your video
Hi Ken, can you please explain more which one is better to buy a property; under company or under personal ? thank you for your videos
Hello and Thank you for having this website , It's a great source of information. I'm currently in US and my wife's hometown is CamRanh. We've begun searching for a home to buy. She is a vietnam citizen , therefore , we are making transactions in her name. I've got US citizenship and i presume prices would be different (higher) if my name was on things. Please tell me if this is a correct presumption.? Our choices are Nhe Trang, Saigon or CamRanh. Admittedly, CamRanh is the less appealing since there is no comparable lifestyle to that of Nhe Trang & Saigon. Question: What is the best method for us to communicate with Q&A ?? ( this website or email or other ??? ) I'd love to learn all I can in moving forward.
We can setup a consultation (video call) with Attorney Ken Duong. Please send us an email to contact@duongbusinessconsulting.com
great book you handling ( Think and grow rich )
Very much enjoying these videos on real estate in Viet Nam.
Beside hcm metro line 1, buying into the initial phase yet to be constructed by a large developer. It’s easier to buy these “off plan” as travel is still in lockdown. Will there be high potential ?
Yes.
@@duongglobalbusinessconsulting the only one left "off plan" today is at suoi tien station. Usd 2400 per sqm
Great content!! We will be looking to buy in Vietnam soon. Just subscribed for more info
Thank you for the proper information.
very interesting! good vid! things to keep in mind.
Thanks for the support!
You really did a great presentation everything I wanted to know you told an showed me the correct way an for once I can understand you… but will 2 million dollars do me go there😩
I am wondering if you could recommend real estate agency for particulars? As my parents are interested to buy apartment in Vietnam.
This video is so helpful. Thanks!
Truly appreciate this video, well played indeed. Is it true that a foreigner married to a Vietnamese citizen is entitled to freehold property lease instead of the 50 years property lease?
Superb and very informative video. Cam on Ken.
Thanks 👍
Been watching and listening for ten minutes and your still repeating your self over and over!
Next year meet you Vietnam
Hi Duong, great video. I am a viet kieu from Germany and in the process to get my TRC here in Vietnam. Say, my uncle who is a Vietnamese citizen owns land here and wants to transfer it to me. Is there a way to do this without purchasing it?
Thank you for good guiding with how invest the property in Vietnam and etc
Thanks for your support!
Has Hanoi apartment (UA-cam vlog information) ???
Thanks for sharing 👏🏻👏🏻👏🏻
Thank you so much. This is the video I have been looking in UA-cam for so long, and tonight, I found it.
Very very helpful tips and extremely informative.
I am looking for a real estate soon in HCMC, after Covid lifted in Malaysia. Thanks
Great to hear!
Thank you for the information. I am considering a condo in Danang. However, I am looking at staying for 5 to 6 months. The price is about 2,3 billions dongs. However , currently the visa for tourists is limited at 30 days. By buying will the gouvernement issue a one year or a 5 years investor visa? 18:19
No.
Great video!
Would it be possible buy a studio apartment in vietnam and possibly rent it out in a few years? Also how would someone go about doing so, and how much would it cost, in honi to be specific
You should lobby to Vietnam government for retirement visa for 1 year plus to make it easier for foreigners to retire and invest.
Never gonna happen. They dont want an influx of foreigners living there on the cheap or banging 'their'women.
Can u share which is the best location district? Good for investment n stay?
District 7 Korean town
Saigon . but expensive
With Covid19 situation and not presently in Viet Nam, can I be able to buy a property (50 years lease)?
Yes for all types except land.
@@duongglobalbusinessconsulting Hi, Very informative videos. Can we use DocuSign for signing the paperwork like Pink Booklet etc? Or do we have to use FedEx?
@@72DaySat live signature and FedEx for réal property documents.
@@duongglobalbusinessconsulting Thanks for your quick reply! :)
It is easy to purchase an apartment in VN. My question is once you have sold it, how easy to rapatriate the gain back to US?
Also, I have heard it is almost impossible for foreigners to get the pink book, is it true? Just the purchase and agreement contract is available.
As a foreigner, you can repatriate the monies back upon sale when you show the purchase agreement, sale agreement, bank transfer into Vietnam and Bạn transfer into your account from buyer, the tax payment slips, and then your bank will transfer the monies out.
Since 2017, many foreigners have the pink book and the law has made it much easier and clearer for foreign ownership.
The VC made it pretty hard to move Uncle Ben out of VN.
I missed something: I am not allowed to open a bank account in VN, because I only have a tourist visa. I am however allowed to buy property. So I am assuming that, for the payment, I can also transfer directly from abroad into the Vietnamese bank account belonging to the seller, right? Thank you.
Correct.
Very helpful and informative!
Glad it was helpful!
Can you purchase real estate with crypto?
Good video. As a foreigner, can I buy a regular existing house in Hue or Da Nang (i.e. not a gated community condo/townhouse type of property)?
No.
@@duongglobalbusinessconsulting Thank you for your response, I appreciate it. Looking to find a good property to buy in Viet Nam.
Hello, who maintains the list of (foreign/local) ownership in a condo project?
Ive seen a condo block I like with many condos for sale. The developer who has an on-site office told me 15% had been sold to foreigners.
However, agents are telling me I must buy a condo from a foreigner. Of which there are only a couple and 20% more expensive.
So is it possible for me to hire an attorney to buy off a local. It seems it should be possible once I can prove the 30% wont be breached.
I'm already over 70, so if I buy off plan I might already be dead before the condo is finished.
very informative video.. thanks
Glad it was helpful!
Can a foreigner buy commercial real estate in Hanoi?
Great video buddy. I would be interested to discuss in person purchasing in hcmc
Let us know when you come to Saigon, then. Thanks for watching our video. If you would like to keep watching similar content, please make sure to subscribe to our UA-cam channel so that it does not disappear from your youtube recommendations.
I am in hcmc now
Please send us an email at contact@duongbusinessconsulting.com to schedule an appointment.
Can you do an updated version of this please?
Being the timeline now I am severely curious how much property china owns there as well as laos and cambodia that they are willing to sell/transfer to foreign investors.
Great video. It’s a very informative video.🙏
Glad you liked it
5300 USD for one time or yearly ?
Great information as I consider retirement in Vietnam
What is the real estate capital gain get tax in the US for sold property in VN? Thx for the video!
Either you pay the same capital gains as the US, as US is a worldwide tax system or you decide to pay based on Vietnam tax laws which is 2% of sales price.
You should have way more subscribers bro, love your videos cuz it’s very informative. Will do business with you in the future when I’m ready.
Thank you for watching our video and the support. Please share our video and subscribe so that more people know us.
Can you do a video about Condotel???
i hope to return and buy property there next year...thanks for the knowledge.
Mr. Duong, I have been looking for this type of information, about buying property in VN....can you please give me, information, on how I can contact your office, to get further information...thank you so much for this video
Please send us an email at: contact@duongbusinessconsulting.com and we will send you an intake form to help buy property with one of our agents.
Now you can finance your purchase with a bank loan
What about direct with developer long term lease agreements?
Do they let you down payment for house?
Yes.
Very imformative..
Glad it was helpful!
How much does a Vietnam apartment cost?
Very clear all of your videos congratulations
My advice in this case or other meet with Ken and not make mistakes to others
Thanks!
what about bank financing for foreigner buying property in VN?
Hello Duong, I love your channel. The videos are informative, concise, detailed, and exceptionally well made. You mentioned a Vietnamese citizen can own property like a true Vietnamese. I was born in Saigon in 1975, and moved to Canada in 1981 and became a Canadian citizen in 1983. Because I was born in Vietnam, can I buy property like a Vietnamese?
If you have the citizenship, you can.
@@duongglobalbusinessconsulting if I was born there, to Vietnamese parents, and then become a Canadian citizen, did that mean I had to give up my Vietnamese citizenship?
@@mikeman360 If you have Canadian or US citizenship, you can apply for a Vietnamese citizenship (dual citizenship). I am thinking about that now so I can invest in VN.
Can a foreigner or a viet kieu buy an (used) apartment from a vietnamese citizen? Is this transaction legal?
There are two cases you can buy an apartment from a local: Either you have the Vietnamese citizenship or the apartment needs to be under the foreign quota allowance from the district, sub-district and apartment complex and eligible to be purchased by a foreign national.
Who and how to check that foreign quota? Thank you!
It can be you or you can either let the seller do due diligence or hire legal services to monitor and advise your purchasing process.
Looking a small place in rural areas for reiteriment from USA
Please send us an email at: contact@duongbusinessconsulting.com
Hi !
Can a foreign buy apartment in Vietnam & stay there permanently ? I mean, without a visa run ?
You can live long term without doing visa runs. It is a matter of choosing the right immigration status.
@@duongglobalbusinessconsulting Thanks for your reply !
Do you mean that after a foreign buy an apartment in Vietnam he can ask from the immigration office to stay because he bought an apartment ? they will approve it for sure ? or do they also want to see that he works there or has a family or a wife?
Great channel ! thanks for the info ! 👍
No, the immigration does not grant you a visa status for buying a property, unless it is part of the investor visa program.
Hey bro, What is daily limit transfer from Citibank to Vietnamese local bank account?
Please contact your local bank.
@@duongglobalbusinessconsulting Thanks for many good tips bro. Subscribed
Excellent transparent informations !
I will give you a call soon . Keep up the work bro!
Any time
you can get a loan from a bank to buy real estate in VN
@@tuanivando9634 I don’t think so bro . Most Asian countries ate cash only .if they do the interest is too high. I could be wrong ask KEN.
@@tonyquach830 There is a company in Singapore that would be a co-investor with you. They put out 70% and you put out 30%. You retain the usage right. When you sell the property, you split the profit with them. This will reduce your risk. I am currently working with them right now.
@@tuanivando9634 Cool good to know . I’m looking into buying a villa in Danang . Getting things in order to retire there .
Been looking for probably around 5 years for good videos on real estate many mixed reviews etc and Facebook posts that deter you and angry expats
Great ! your video is good
Thank you!
Does your firm have offices in Hanoi?
No, we have one office in Saigon.
@@duongglobalbusinessconsulting Thank you. How can we go about finding suitable lawyers and realtors in Hanoi? My wife is Hanoian; we are in Hanoi a few months each year.
What happent if my wife have VN passport because she is VN woman and im foreginer , we can buy real estate
Depends on the type of property and whether it is available to foreign citizens. If not, your wife will be the sole owner.
To know about Vietnam
I really appreciate this video. I love your short, precise contents and great well flow presentations. Keep up the great works Anh!
Glad you like them!
Oh yes Great video
1:35 what’s the name and where is this area located in Vietnam 🇻🇳?.
Phu Quoc, Vietnam.
@@duongglobalbusinessconsulting thanks seriously thinking about living in Vietnam.
Jesjes sir i loved ite😢
Can we buy land in Vietnam
No
How to get in touch with the video owner?
Contact@duongbusinessconsulting.com
When has the country of Vietnam been to open tourist visa
Here is the video for you: ua-cam.com/video/ppOIW0wAC1M/v-deo.html&lc=UgxVwu-t4CEGceshcUR4AaABAg
When the county of Vietnam been to open tourist visa
Please sir share truest information
This guy in the same video you can only lease land. Which is true. Then goes to telling you can buy land. Almost every highrise condo I have lived in Hanoi and Saigon as been trash. That were thrown up in little time. Almost all of them have rental units. Stay in one and you will see if any problems pop up in the building. One problem that was a constant problem with plumbing. Sewage backup. Broken water mains. Never ever buy an unfinished building. Seen people buy these. It's a condo in Hanoi where they haven't finish the road to it and it's been finished for 3 years. Just a narrow dirt road that's hell in during the rainy season. If you can get a LURC go that way. However it's not that easy.
@ASMR Controller that I know. Getting a lawyer to obtain a LURC while is leasing is still a much better option than any of these condos that go up in months. While still leasing woth a LARC on a 50 year lease you can still retain value and sale it before the lease runs out or in 50 years rules may change.
Wouldn't it be easier to just pay off the condo with a credit card?
You have a million dollar (USD) credit line???
@@tuanivando9634 usually it's in installments for developments
@@lineage13 Now you can actually get a loan to buy
I waited 4 minutes and still kept hearing that were gonna tell u how to get started.........
Did you film in pho Quoc island where the colorful buildings were,
Yes, we shot that B-roll in Phu Quoc island. We also have another video called "6 Reasons Why Phu Quoc Island IS the NEXT Phuket | Vietnam Travel & Opportunities", that we shot in Phuc Quoc. Great colors! Check it out!
Be aware of the Vietnamese building quality. Not made to last decades. Plus building maintenance, the same low quality. Just be prepared. 10 years in Vietnam is enough to understand
Cheap real estate property tax in vietnam..good
Man all these giving me headaches . I’m done looking
If you can’t own the land your property is sitting on it is useless I would never buy anything like that even in my country. If Vietnam wants to attract foreign investors, it should be more foreign investor friendly. Better to rent and move to a newer built unit once the building becomes dilapidated from neglect and use
Land can be acquired through a business entity. Thank you for your comment.
@@duongglobalbusinessconsulting That not true; no one could own land in VN