Very interesting video! I am an American from NYC who has been living in Vietnam with my “first true love” for about 30 years and now retired for about the last 12 years and perfectly happy here. My wife came to NYC from Vietnam in 1975. We met in NYC in 1976 and married in 1977. Reminded that “retired” means retired NOT starting a business. But the investment option of 140k in something like an absentee GS25 convenience store is an interesting option for those who have not yet been able to find that “true love”. For anyone following the business route… best to be sure to have previous similar business experience and again be reminded that if the goal is retirement then trying to run a business is simply not retirement. Having a Vietnamese spouse is definitely the easiest route and will allow the foreign spouse to obtain a three year renewable residency card. But of course there is a lot of risk of various types so best be really sure to the extent possible. As for buying property I would suggest holding off a bit to see how things work. My wife and I have brought properties of which she being a re-naturalized citizen can own. I own a share in a nice condo development in a unit allowed for foreign ownership. We have owned the properties more than ten years and have seen considerable appreciation of value. As for health care… be reminded that the retirement medical systems of your home country will likely not cover you in Vietnam. That said… using the state system (using government owned facilities) for most of our needs is very reasonable in terms of cost with effective treatments. But one will likely need an advocate to help get through the process. Private health facilities are good too with prices much cheaper than the US etc. but one needs to have some money reserved for unplanned expenses. Private insurance for people over 65 will likely be a bit expensive and with various risks not covered. A comfortable life is subjective and if one is ok living in a simple local style unit then I would say about 1.5k would be a minimum income with planning for health contingencies but more like 3K in total to enjoy a modern luxury unit with pool and nice grounds etc. In sum… I remain very happy here in Vietnam at now 68 years of age.
Thanks for the very informative video , Van. Thank U ! I just returned from my 1st visit to Vietnam, loved every minute of it and will be taking a 2nd trip there next year in 2024.
Great video and very informative. My wife who is Vietnamese and an American citizen, it is through her that we bought our home in Park Riverside in Thu Duc City. We pooled our money and paid cash for our home. I understand Vietnam protecting Vietnamese when it comes to property rights. But I too have invested money into Vietnam . Love Vietnam and it’s people and excited to live there. Love your channel. I consider yours #1 of Vietnam vlogs. Please keep up the great videos.
the real estate market in vietnam has been dead for 3 years and will not recover next year. the Viet government protects no one and cares for nothing. And you live in Heaven in home 7000 usd square, this is not vietnam
Very informative. I just returned from my first trip to Vietnam a couple days ago. It definitely felt like lots of new construction and booming in real estate was on the way. Interesting how Ken pointed out a simple "passive" investment into a GS25 convenience store with +/- $100K could earn you a "retirement-like" busines visa into Vietnam. I'd be curious to find out what the realistic expected return on investment is on one of those franchises.
Absolutely! Planning ahead is vital for a prosperous retirement. A dedicated financial advisor will help navigate the complexities, making your golden years not just secure but truly fulfilling. Here's to taking charge of our financial future and enjoying the retirement we've worked hard for!
*Jenny Pamogas Canaya* is her name. She is a genius when it comes to diversifying holdings. You can verify her for yourself by looking her up online. She is well knowledgeable about the financial markets.
I suddenly came across to view your channel and subscribe it as you explained and explored Vietnam in so simple way vie your video ! So friendly way as do Vietnamese people! ❤your way of expressing the life of Vietnamese ! Secondly so admirable move that you not choosing USA for your life and work but returned home to serve and explore Vietnam! Great salute to you! Keep it up!
Finally got to see this video,I thought I seen all the information I needed in the previous video. the Investing and biz startups is so helpful. This guy Ken looks to be the perfect person who has all the answers for the expats looking to work in Vietnam, all the rules ,banking and different investment's. Thanks for creating this second video.🤙
Thanks Van and Ken for putting together this resourceful video! This video topic about investing real estate in Vietnam brings so much value for foreigners and Vietnamese living abroad. Hopefully, we get more videos coming about different ways foreigners can invest in Vietnam. By the way, just found out that Ken is also an UCLA alumni, Go Bruins! From UCLA C/O 2021
Please be very very careful before you invest. It is very complex, very expensive and the law can change frequently. Buying and owning are not the same thing. Marketing videos do not replace thorough research.
THANKS VAN AND KEN FOR PUTTING TOGETHER THIS VIDEO. PEOPLE, PLEASE BE AWARE THAT IF YOU INVEST OR BUYING PROPERTY IN VIETNAM, YOU DON'T OWN THAT LAND AND THE LAW IS REALLY SHADY.
@@torrytran1885 clearly you don't know how to read a legal contract in Vietnamese or English. No one including Vietnamese can own land in Vietnam - collectively it's owned by the people of Vietnam and the government issued fixed term land usage permits, generally ranging from 50-99 year lease. Foreigners cannot lease land however foreign companies can lease land deemed for commercial purposes. Foreigners can only own leasehold apartments in specific developments and only up to 30% of these developments can be owned by 50 yr leasehold arrangement. As a foreigner, you don't own shit and what you can own is a limited amount of expiring leases. 🙄🤦♂️
Assuming you finally found a buyer (probably at a discount dues to much smaller demand pool) - how do you get all your $ out without subject to all kinds of red tape ?
Great information! We are currently live in US (Viet Kieu) sometime thinking about to go back and living in Viet for long time period or possible retiring there. Thank you so much for your information!😊
Hi! Van. Thank You for having Ken providing very valuable information for foreigners owning real estates and opening businesses in Vietnam. Can consider in the future retiring in Vietnam 🇻🇳 😀 Kudos! 👍🏻
I was over one year in D2 near Metro store, now is store renamed , It was Estella , i was clearly see landing procedure every aircraft. Nothing was there in that time 2013, in 2014 was grand opening big building next to Estella with cinema. I go everytime to Thao Diem to shop and have dinner. It was nice time be there. Now when im was 2017 and 2019 this place totally changed in Saigon centre D1 too 😉 i very like Vietnam 🇸🇰🇻🇳
I've been living in "Little Saigon", California since 1978, and now I'm 63 yrs old. I was back & forth in VN since early 1993 and VN is just likes Thailand vacations if you like "girls", bars...etc..at young age. But when you hit 60+, it gonna be a different story! I hope you have the health to enjoy what you've been missing when you were young. Note that I still visit VN once a yrs with a different purpose but absolutely not retire in VN. Cheers.
I’m retired and living in near “Little Saigon”, California. We used to have a condo in Saigon and thinking of retired in VN. That was a big mistake since the quality of life is not what we expected after months living in VN. Pro: you can speak Vietnamese. Cons: Air Polution, Noise Polution, Water polution, hard Weather (AC must be 24/24 hrs), trashes everywhere, unsafe food unless you willing to pay premium $ just likes in the US. We sold out condo, and back to US with our 1,200m2 lot house with a huge backyard, and beatiful weather all year round in southern California. We still travel back to VN for vacation once or twice a year, but instead of living in a condo we rather stay with Airbnb. Note that I do not work anymore, so we choose where we live and die wisely.
Retiring in the major cities is a bad idea. Air & noise pollution are real problems. Best to retire in smaller towns or villages which are not too far from a city.
@@SilverforceX i am thinking living in Danang about 8 months out of the year and go back to Calif the rest of the months. No way I would live in in Saigon.
Thank you so much for this video. It really help me a lot . I will definitely go to my Consolate to find out how I can Transfer my retirement to Vietnam. ❤
Very nicely presented! He mentioned finding a youthful companion, but from what I've seen in Vietnam, age-gap relationships with foreigners isn't as common as it is elsewhere in the region. It would be a great topic to investigate on this channel.
These older retirees you refer to are gradually finding out that 🇻🇳 is a better value for money than its southern neighbours and their comments generally go like this: Vietnam's cities are like what Thailand was 30 years ago in terms of infrastructure (read BTS as one example). Once they start coming into Vietnam in bigger numbers, social barriers are likely to come down to foreigner dating.
Hello Van: I’m a Viet Kieu living in the US (California). Since your last video with Ken. I did fill out the form, attempting to reaching out to Ken and You… as My wife and I are moving back to Vietnam in December this year (only two months away). However, I had not received any reply from Ken or you… did you not receive my request ?
I bought an apartment in Jakarta in 2007. Huge construction boom back then. I got out and sold the apartment in 2012. I am glad that I did that because the market is now glutted. If you are gonna buy in Saigon keep that dynamic in mind. Buy, make your profit and get out.
I have lived in Vietnam for almost 20yrs and i can tell you it's a difficut and complex country, do able but a challange which i find appealing, i came with a backpack and have flourished but that's probable more to do with my wife who is pretty sharp, Remember here the laws can change very quickly
Thanks. F/ whatever reason I'm leaning Thailand. I work a little fr. a laptop, but my only dependable income is a small pension. I'm in Miami Beach, would maybe visit Viet Nam from Thailand in March, and have a few Vietnamese friends in DC & Miami. No children, single, and applied f/ almost 105 jobs in S.E. Asia, on Jobstreet this week.
Can I meet you (with my vietnamese foster children eventually) when I'm back in Vietnam next time? Best wishes and greetings from Germany (currently). Very interesting summary in the video ... 😁
Foreigners cannot sell their properties to local? I google the result is "Foreigners who own residential property in Vietnam are allowed to sell their property by law. A foreigner can choose to sell his home to either another eligible foreign buyer or a Vietnamese citizen.20 Oct 2021" Can you very yes or no for foreigners to sell properties to locals?
Someday a country is going to come up with an easy way for foreigners to bring money into their country. In the US almost all foreigners can buy any property. We know the land isn't going any place, yet their cash comes into the US.
''Fools and their money are easily parted.'' Remember this saying. You want to start a business and leave Vietnam with a small fortune? Come here with a BIG fortune!
"they [a foreigner] can buy an apartment . . . with a 50 year lease". Ok, sorry, but in my limited experience, you can either buy an apartment (in the US we would call it a condo), or you can lease an apartment. so which is it? buying, or leasing? in the US, those terms are not interchangeable. they have two completely different legal meanings.
When I went to HCM, I found living cost in HCM Is not as cheap as I thought, but lower than Thailand. Still much much lower than western countries and Singapore.
My daughter is half-Vietnamese, born in Hanoi, had a Vietnamese passport but now no longer does. Does she qualify as Viet Kieu for property purchasing purposes?
@@John_DaMan wrong and wrong. If she already had a passport, it means she is already a citizen. An expired passport has nothing to do with your citizenship status, it's merely a renewal. No one can own land in Vietnam including Vietnamese. You can only acquire a Land Use Permit which is time limited.
Hi Van, thanks for this interesting video! 12:08 I'm very curious about the specifics of "content creator" as a business/independent digital nomad. If I don't need to set up a company to be a digital nomad, how can I get the relevant TRC/work permits (besides getting married to a Vnmese)? A lot of online sources states that some form of capital is required to set up a business and to apply for TRC/work permits. Is it different for content creators (as a business)?
Better to retire as a Vietnamese/Viet Kieu in VN because you can own assets here without too many hassles. For non-Viet, it's probably better to have business or investment incomes to pay for the generally lower cost of living and not try to jump through too many hoops to own properties/get Vietnamese citizenship.
I've lived in SEAsia for over two decades and have been to all its countries (except for Brunei). In fact, I am in Saigon now. From my own perspective, I would not retire in Vietnam for three reasons: * Restrictive visa policies * The state and condition of infrastructure and healthcare facilities * Language: Vietnamese is tough and I can't live in a place where I cannot communicate freely. It took me a few years to achieve near fluency in Indonesian. I've reckon it would take me twice as long to reach a comfortable level in Vietnamese. The other source of this is that Vietnamese is useless outside of Vietnam while I have spoken to Cham Vietnamese in Malay (Indonesian and Malay are fundamentally the same language). Malay is the most widely spoken language in the region so the effort to learn it pays off. So, for the foreseeable future I will continue to make my home in Bali. And dream of moving to Georgetown, Penang in Malaysia. 😉
Multiple real estate agents have told me that a foreigner's quota property can later be sold to BOTH the foreigners AND the locals, with the latter owning the property without the 50-year limit. So, is Ken misinformed or did my agents lie to me? I wonder if another way to stay longer without having to do visa run each month is to enroll in a language school to learn Vietnamese. Wouldn't that give you like a long-term visa for a small amount of money? Obviously, how often one actually attends said "school" is really up to the person. But it's never too late to learn a new language, right?
Living in Vietnam for 15 years: quality of housing is a disaster (almost all houses have no storage room and many have no windows in toilets so the smell of humidity and else is terrible) and price is crazily out of the market compared to the salary and mortgages are close to extortion with a minimum 7% variable (seen it going up up to 13/15% in the past). Cap rate is a disaster, as the guys mentioned... I love Vietnam, but the real estate market is totally out of control and disconnected from the reality and needs of the people...
Interesting. But your expert says the exact opposite of what i have been told by real estate professionals in Vietnam. They said: you can only buy a property that has not been sold to a Vietnamese. That is from a foreigner or from a developer. As such, the property will be about 20% more expensive than Vietnamese. You can sell to anybody, but vietnamese obviously wont want to pay the extra, so in practice, only sell to foreigner. If you are retired, it will be difficult to import your personal furniture. Most shippers want to see a work permit. Once you have a permanent abode, (bought or rented) you have to watch your tax residency. You might find yourself becoming resident (and thus liable for tax on world wide income) even if you spend less than 183 days a year in the country. I really wanted to spend about 5 months a year in Vietnam, but after considering the problems above i dumped the idea
If you are going to talk about real estate in HCMC, you should probably mention that the city is sinking by 2-5cm every year. Add to that the fact that sea levels are rising, if nothing is done, the city will be submerged by 2050. Look it up.
Technically, you cant own a property if you are a foreigner. Even buying apartments is just a lease term. 50 yrs and no one knows what is going to happen after. Worst thing is, alot of property owners do not get the "red paper", which you will need this paper to proof your ownership and not just the sales agreement. The reason for it is because either the property developer did not follow the rules or the goverment changed their mind. Too many uncertainties.
Thank you for the super useful video. The only thing I am not too sure about was the buy one property with the certificate of origin, can you sell it to both locals and foreigners?
Nice! so How do I retire there if my family tree is vietnamese but I am swedish?? am I able to get a citizenship in Vietnam? I did ask Ken and his company but they say they not helping out with that :-(
Is that the only visa solution to retire is $140,000.00 a year investment? I am married to a Vietnamese woman and with the cost of an investment visa we can live in California cheaper.
It's good to C that VN's laws R free n open. As long as it is not driven by greed, it will create good living conditions 4 foreigners who want to retire in VN.
I'm so confused by the numbers. He referenced something like 15,000 - 20,000 per square meter in one part of the city. Can that be right? If it is, that's something like $2,200,000 for a 1200 square foot apartment. I thought we were in Vietnam, not New York City! Am I misunderstanding what he said?
So ,the bottom line is... unless you are rich businessman, you should not come and live in Vietnam, right? Many other SE Asian countries have Retirement Visas for foreigners, but Vietnam is not welcoming them...
Duong sounds like a very nice guy telling people about Cap rate even if it could hurt his business! Real estate in vietnam is so expensive I wonder how do the locals that earn 3~10mi/month can afford.
My wife already has a four story house and she can open any business she wants so I'm pretty much set. I will bring in the west money. Plus her family is already rich. Hehe
I have a question. I’m a Việt kiều. I want to get my grandma’s house put under my mom’s name because she’s the one who paid for that house & land. Is that possible to do that?
Thanks for the info 1. Buy property in Vietnam out of my list 2. 50yrs lease + 50yrs extension remind me about HongKong 👎…government scams 3. Business 4+ different taxes another scams 👎👎👎 3. Retirement in Vietnam maybe 4. Travel in Vietnam 👍 Rental or leasing property in Vietnam like apartments or house cheaper and no maintenance 👍
Very interesting video! I am an American from NYC who has been living in Vietnam with my “first true love” for about 30 years and now retired for about the last 12 years and perfectly happy here. My wife came to NYC from Vietnam in 1975. We met in NYC in 1976 and married in 1977. Reminded that “retired” means retired NOT starting a business. But the investment option of 140k in something like an absentee GS25 convenience store is an interesting option for those who have not yet been able to find that “true love”. For anyone following the business route… best to be sure to have previous similar business experience and again be reminded that if the goal is retirement then trying to run a business is simply not retirement. Having a Vietnamese spouse is definitely the easiest route and will allow the foreign spouse to obtain a three year renewable residency card. But of course there is a lot of risk of various types so best be really sure to the extent possible. As for buying property I would suggest holding off a bit to see how things work. My wife and I have brought properties of which she being a re-naturalized citizen can own. I own a share in a nice condo development in a unit allowed for foreign ownership. We have owned the properties more than ten years and have seen considerable appreciation of value. As for health care… be reminded that the retirement medical systems of your home country will likely not cover you in Vietnam. That said… using the state system (using government owned facilities) for most of our needs is very reasonable in terms of cost with effective treatments. But one will likely need an advocate to help get through the process. Private health facilities are good too with prices much cheaper than the US etc. but one needs to have some money reserved for unplanned expenses. Private insurance for people over 65 will likely be a bit expensive and with various risks not covered. A comfortable life is subjective and if one is ok living in a simple local style unit then I would say about 1.5k would be a minimum income with planning for health contingencies but more like 3K in total to enjoy a modern luxury unit with pool and nice grounds etc. In sum… I remain very happy here in Vietnam at now 68 years of age.
@@ghough2304 getting married will help with the ability to stay in Vietnam but you’ll really need to be sure of your partner. Good luck to you!
How do you stay safe during typhoon season?
Thanks for the very informative video , Van. Thank U ! I just returned from my 1st visit to Vietnam, loved every minute of it and will be taking a 2nd trip there next year in 2024.
0:00 Introduction
1:14 Buying real estate
8:38 Opening a business
17:10 Retiring
PEOPLE, PLEASE BE AWARE THAT IF YOU INVEST OR BUYING PROPERTY IN VIETNAM, YOU DON'T OWN THAT LAND AND THE LAW IS REALLY SHADY.
Retire meaning enjoy quality of life till the day you die. Absolutely no more Doing Business!
Thank you
@@torrytran1885 of course. Best not to invest
Girl you need to invest in better quality microphones.
Great video and very informative. My wife who is Vietnamese and an American citizen, it is through her that we bought our home in Park Riverside in Thu Duc City. We pooled our money and paid cash for our home. I understand Vietnam protecting Vietnamese when it comes to property rights. But I too have invested money into Vietnam . Love Vietnam and it’s people and excited to live there. Love your channel. I consider yours #1 of Vietnam vlogs. Please keep up the great videos.
She partnered that bald man who cannot be trusted.
the real estate market in vietnam has been dead for 3 years and will not recover next year. the Viet government protects no one and cares for nothing. And you live in Heaven in home 7000 usd square, this is not vietnam
Very informative. I just returned from my first trip to Vietnam a couple days ago. It definitely felt like lots of new construction and booming in real estate was on the way. Interesting how Ken pointed out a simple "passive" investment into a GS25 convenience store with +/- $100K could earn you a "retirement-like" busines visa into Vietnam. I'd be curious to find out what the realistic expected return on investment is on one of those franchises.
Absolutely! Planning ahead is vital for a prosperous retirement. A dedicated financial advisor will help navigate the complexities, making your golden years not just secure but truly fulfilling. Here's to taking charge of our financial future and enjoying the retirement we've worked hard for!
*Jenny Pamogas Canaya* is her name. She is a genius when it comes to diversifying holdings. You can verify her for yourself by looking her up online. She is well knowledgeable about the financial markets.
Thanks you for sharing. It was easy to find her on internet, seems very proficient and flexible. I booked a call session with her.
I suddenly came across to view your channel and subscribe it as you explained and explored Vietnam in so simple way vie your video ! So friendly way as do Vietnamese people! ❤your way of expressing the life of Vietnamese ! Secondly so admirable move that you not choosing USA for your life and work but returned home to serve and explore Vietnam! Great salute to you! Keep it up!
Finally got to see this video,I thought I seen all the information I needed in the previous video. the Investing and biz startups is so helpful. This guy Ken looks to be the perfect person who has all the answers for the expats looking to work in Vietnam, all the rules ,banking and different investment's. Thanks for creating this second video.🤙
I'm subscribed to both of you. I'm so surprised that you guys collaborated.
I’m so happy this collab has happened.
Thanks Van and Ken for putting together this resourceful video! This video topic about investing real estate in Vietnam brings so much value for foreigners and Vietnamese living abroad. Hopefully, we get more videos coming about different ways foreigners can invest in Vietnam. By the way, just found out that Ken is also an UCLA alumni, Go Bruins! From UCLA C/O 2021
PEOPLE, PLEASE BE AWARE THAT IF YOU INVEST OR BUYING PROPERTY IN VIETNAM, YOU DON'T OWN THAT LAND AND THE LAW IS REALLY SHADY.
Please be very very careful before you invest. It is very complex, very expensive and the law can change frequently. Buying and owning are not the same thing. Marketing videos do not replace thorough research.
@@torrytran1885 well said !
Amazing video, exactly the information i was looking for and you just published it right on time
Dudeeeee spot-on topic. I think this vlog gonna be your highest view vlog.
WOW! You two know each other?! My favorite Vietnam vloggers and the only two I actually take seriously and listen too!
THANKS VAN AND KEN FOR PUTTING TOGETHER THIS VIDEO.
PEOPLE, PLEASE BE AWARE THAT IF YOU INVEST OR BUYING PROPERTY IN VIETNAM, YOU DON'T OWN THAT LAND AND THE LAW IS REALLY SHADY.
You won't even own the property, it's leasehold only for 50 years.
@@jaseinasia4202 Van said you own the property and land. @WhatThePho. DO you think she lu`a ga` ve^` vietnam mua dat
@@torrytran1885 clearly you don't know how to read a legal contract in Vietnamese or English.
No one including Vietnamese can own land in Vietnam - collectively it's owned by the people of Vietnam and the government issued fixed term land usage permits, generally ranging from 50-99 year lease. Foreigners cannot lease land however foreign companies can lease land deemed for commercial purposes.
Foreigners can only own leasehold apartments in specific developments and only up to 30% of these developments can be owned by 50 yr leasehold arrangement.
As a foreigner, you don't own shit and what you can own is a limited amount of expiring leases. 🙄🤦♂️
Buying property sounds like a bad deal if u can't sell to who u want... Hard pass.
Assuming you finally found a buyer (probably at a discount dues to much smaller demand pool) - how do you get all your $ out without subject to all kinds of red tape ?
There’s always unspoken rules…lol
Always rent in VN
Anything serious with money better or in Philippines with better property rights
Them the Asian rules for expats
Still worrying about money when retired? Prbably chose the wrong job then... 😃
They do this to protect Vietnamese interest and not the foreigners. It is Vietnam the last time I checked.
Retirement in Vietnam is worth it regardless of property ownership. The best city for seniors to retire in , without a doubt, is Vung Tau.
Great information! We are currently live in US (Viet Kieu) sometime thinking about to go back and living in Viet for long time period or possible retiring there. Thank you so much for your information!😊
Hi! Van. Thank You for having Ken providing very valuable information for foreigners owning real estates and opening businesses in Vietnam. Can consider in the future retiring in Vietnam 🇻🇳 😀 Kudos! 👍🏻
I wouldn't trust this ken.
Your videos are great! If I could suggest a better microphone, or have someone look at your recording settings, that would make them even better. 👍
Hi Van its good to see you with Ken again both of you sharing very valuable information for foreigners. I will consider retiring in vietnam as well
I like Ken! I've learnt alot from his channel. Great Collab!
I was over one year in D2 near Metro store, now is store renamed , It was Estella , i was clearly see landing procedure every aircraft. Nothing was there in that time 2013, in 2014 was grand opening big building next to Estella with cinema. I go everytime to Thao Diem to shop and have dinner. It was nice time be there. Now when im was 2017 and 2019 this place totally changed in Saigon centre D1 too 😉 i very like Vietnam 🇸🇰🇻🇳
You covered a lot of good information thanks!
As a Vietnamese i find the price so crazy compare to the income 🤣
I’m 40 and I been in the States for 30 years, my goal is to retire and move back to Vietnam when I’m turn 60 .This video is very helpful .
PEOPLE, PLEASE BE AWARE THAT IF YOU INVEST OR BUYING PROPERTY IN VIETNAM, YOU DON'T OWN THAT LAND AND THE LAW IS REALLY SHADY.
why are you waiting so long?
I've been living in "Little Saigon", California since 1978, and now I'm 63 yrs old. I was back & forth in VN since early 1993 and VN is just likes Thailand vacations if you like "girls", bars...etc..at young age. But when you hit 60+, it gonna be a different story! I hope you have the health to enjoy what you've been missing when you were young. Note that I still visit VN once a yrs with a different purpose but absolutely not retire in VN. Cheers.
@@thanhnguyen-lw6bd VN is not welcome you back anyway 😂
@@torrytran1885 I don't trust the system it is a total scam !!!
Thank you both for further consulting :)
I love this part 2 interview on retiring in Vietnam.
Glad you are doing well
Also you look so pretty
as a person with dual citizenship and planning to move back to vietnam and live , this video is very infomative
@Calvin D i'm Vietnamese just like Van. Spent most of my life in Europe .
I love to move vietnam for retirement but vietnam gov have too many hidden fee n corruption
You are the big liar khakhakha
I’m retired and living in near “Little Saigon”, California. We used to have a condo in Saigon and thinking of retired in VN. That was a big mistake since the quality of life is not what we expected after months living in VN. Pro: you can speak Vietnamese. Cons: Air Polution, Noise Polution, Water polution, hard Weather (AC must be 24/24 hrs), trashes everywhere, unsafe food unless you willing to pay premium $ just likes in the US. We sold out condo, and back to US with our 1,200m2 lot house with a huge backyard, and beatiful weather all year round in southern California. We still travel back to VN for vacation once or twice a year, but instead of living in a condo we rather stay with Airbnb. Note that I do not work anymore, so we choose where we live and die wisely.
Retiring in the major cities is a bad idea. Air & noise pollution are real problems. Best to retire in smaller towns or villages which are not too far from a city.
@@SilverforceX i am thinking living in Danang about 8 months out of the year and go back to Calif the rest of the months. No way I would live in in Saigon.
@@johnnow1Da Nang❤
one of my dreams beautiful country thanks for the information Van ❤ 👍🇻🇳
Thank you so much for this video. It really help me a lot . I will definitely go to my Consolate to find out how I can Transfer my retirement
to Vietnam. ❤
Very nicely presented! He mentioned finding a youthful companion, but from what I've seen in Vietnam, age-gap relationships with foreigners isn't as common as it is elsewhere in the region. It would be a great topic to investigate on this channel.
These older retirees you refer to are gradually finding out that 🇻🇳 is a better value for money than its southern neighbours and their comments generally go like this: Vietnam's cities are like what Thailand was 30 years ago in terms of infrastructure (read BTS as one example). Once they start coming into Vietnam in bigger numbers, social barriers are likely to come down to foreigner dating.
Another good video for travelers to Vietnam! Anyway, you look good with short hair!
A great video..well done and thank you 🙏 😊
Such a great content and professional advices from you both!!!
Learned a lot from this video. Thanks for sharing!
thanks anh chi, u guys cover a lot of my questions! keep it up
Hello Van: I’m a Viet Kieu living in the US (California). Since your last video with Ken. I did fill out the form, attempting to reaching out to Ken and You… as My wife and I are moving back to Vietnam in December this year (only two months away). However, I had not received any reply from Ken or you… did you not receive my request ?
Very useful info in this video 👍
Extremely instructive that purchasing a home in VietNam is not advised.
I bought an apartment in Jakarta in 2007. Huge construction boom back then. I got out and sold the apartment in 2012. I am glad that I did that because the market is now glutted. If you are gonna buy in Saigon keep that dynamic in mind. Buy, make your profit and get out.
Wow this was great. Really great info, I'm gonna have to give this guy a call.
Thank you for both your time and posting. I'm thinking about retiring in Southeast Asia, but I'm not sure where yet. No big city for me.
I have lived in Vietnam for almost 20yrs and i can tell you it's a difficut and complex country, do able but a challange which i find appealing, i came with a backpack and have flourished but that's probable more to do with my wife who is pretty sharp, Remember here the laws can change very quickly
How do people and tourists stay safe during typhoon season?
Thanks. F/ whatever reason I'm leaning Thailand. I work a little fr. a laptop, but my only dependable income is a small pension. I'm in Miami Beach, would maybe visit Viet Nam from Thailand in March, and have a few Vietnamese friends in DC & Miami. No children, single, and applied f/ almost 105 jobs in S.E. Asia, on Jobstreet this week.
Can I meet you (with my vietnamese foster children eventually) when I'm back in Vietnam next time?
Best wishes and greetings from Germany (currently).
Very interesting summary in the video ... 😁
yay new video!
very professionell and interesting video! Thank you!
Foreigners cannot sell their properties to local? I google the result is "Foreigners who own residential property in Vietnam are allowed to sell their property by law. A foreigner can choose to sell his home to either another eligible foreign buyer or a Vietnamese citizen.20 Oct 2021" Can you very yes or no for foreigners to sell properties to locals?
Someday a country is going to come up with an easy way for foreigners to bring money into their country. In the US almost all foreigners can buy any property. We know the land isn't going any place, yet their cash comes into the US.
''Fools and their money are easily parted.'' Remember this saying. You want to start a business and leave Vietnam with a small fortune? Come here with a BIG fortune!
"they [a foreigner] can buy an apartment . . . with a 50 year lease". Ok, sorry, but in my limited experience, you can either buy an apartment (in the US we would call it a condo), or you can lease an apartment. so which is it? buying, or leasing? in the US, those terms are not interchangeable. they have two completely different legal meanings.
Love to hear the topic!
‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."
Sounds like plan, how do you put money to work?
Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
This is awesome, please can you be of an assistance to me how can I connect with your broker?
@Ibrahim faizan OK thanks
I'm keen on trying this out. Thank you all for the information
When I went to HCM, I found living cost in HCM Is not as cheap as I thought, but lower than Thailand. Still much much lower than western countries and Singapore.
Great information. Thanks
Superb quality video, very informative.
Thank you, it would be great to get more information about real estate or who is the best person to talk to,,,, From Iceland
My daughter is half-Vietnamese, born in Hanoi, had a Vietnamese passport but now no longer does. Does she qualify as Viet Kieu for property purchasing purposes?
She can get dual citizenship by applying for viet citizenship again. Then buy land.
@@John_DaMan wrong and wrong.
If she already had a passport, it means she is already a citizen. An expired passport has nothing to do with your citizenship status, it's merely a renewal.
No one can own land in Vietnam including Vietnamese. You can only acquire a Land Use Permit which is time limited.
@@jaseinasia4202 you’re absolutely right
Hi Van, thanks for this interesting video!
12:08 I'm very curious about the specifics of "content creator" as a business/independent digital nomad.
If I don't need to set up a company to be a digital nomad, how can I get the relevant TRC/work permits (besides getting married to a Vnmese)?
A lot of online sources states that some form of capital is required to set up a business and to apply for TRC/work permits.
Is it different for content creators (as a business)?
Hi van, gorjes as always. Great info!
wow! very interesting. I will look into this.
Thanks for your video. How do I buy life instance? N what are the most trusted companies?
Better to retire as a Vietnamese/Viet Kieu in VN because you can own assets here without too many hassles.
For non-Viet, it's probably better to have business or investment incomes to pay for the generally lower cost of living and not try to jump through too many hoops to own properties/get Vietnamese citizenship.
I wish he had also addressed the issue of being your money out of Vietnam even if you find a foreign buyer.
thank you Van great video
I've lived in SEAsia for over two decades and have been to all its countries (except for Brunei). In fact, I am in Saigon now. From my own perspective, I would not retire in Vietnam for three reasons:
* Restrictive visa policies
* The state and condition of infrastructure and healthcare facilities
* Language: Vietnamese is tough and I can't live in a place where I cannot communicate freely. It took me a few years to achieve near fluency in Indonesian. I've reckon it would take me twice as long to reach a comfortable level in Vietnamese. The other source of this is that Vietnamese is useless outside of Vietnam while I have spoken to Cham Vietnamese in Malay (Indonesian and Malay are fundamentally the same language). Malay is the most widely spoken language in the region so the effort to learn it pays off.
So, for the foreseeable future I will continue to make my home in Bali. And dream of moving to Georgetown, Penang in Malaysia. 😉
Very wise decision,VN is good for travel and visit like tourist but not for retirement ( pollution,healthcare system ?
*Very interested in knowing about buying into the GS25 Franchise. I'm still debating retiring in Vietnam or Thailand.*
Multiple real estate agents have told me that a foreigner's quota property can later be sold to BOTH the foreigners AND the locals, with the latter owning the property without the 50-year limit. So, is Ken misinformed or did my agents lie to me?
I wonder if another way to stay longer without having to do visa run each month is to enroll in a language school to learn Vietnamese. Wouldn't that give you like a long-term visa for a small amount of money? Obviously, how often one actually attends said "school" is really up to the person. But it's never too late to learn a new language, right?
Hi, if I have a rental property in VN and collect rents. Do I have to pay taxes to both VN government and US gov ?
Vietnam is a rising country. So much happening, people can see the huge potential to invest.
That’s what I’m looking to do…I want to visit in a year or two first.
Living in Vietnam for 15 years: quality of housing is a disaster (almost all houses have no storage room and many have no windows in toilets so the smell of humidity and else is terrible) and price is crazily out of the market compared to the salary and mortgages are close to extortion with a minimum 7% variable (seen it going up up to 13/15% in the past). Cap rate is a disaster, as the guys mentioned... I love Vietnam, but the real estate market is totally out of control and disconnected from the reality and needs of the people...
Can you buy leases on land in the country areas.? Can you put a dwelling on these?
Interesting. But your expert says the exact opposite of what i have been told by real estate professionals in Vietnam.
They said: you can only buy a property that has not been sold to a Vietnamese. That is from a foreigner or from a developer. As such, the property will be about 20% more expensive than Vietnamese. You can sell to anybody, but vietnamese obviously wont want to pay the extra, so in practice, only sell to foreigner.
If you are retired, it will be difficult to import your personal furniture. Most shippers want to see a work permit.
Once you have a permanent abode, (bought or rented) you have to watch your tax residency. You might find yourself becoming resident (and thus liable for tax on world wide income) even if you spend less than 183 days a year in the country.
I really wanted to spend about 5 months a year in Vietnam, but after considering the problems above i dumped the idea
If you are going to talk about real estate in HCMC, you should probably mention that the city is sinking by 2-5cm every year. Add to that the fact that sea levels are rising, if nothing is done, the city will be submerged by 2050. Look it up.
Technically, you cant own a property if you are a foreigner. Even buying apartments is just a lease term. 50 yrs and no one knows what is going to happen after. Worst thing is, alot of property owners do not get the "red paper", which you will need this paper to proof your ownership and not just the sales agreement. The reason for it is because either the property developer did not follow the rules or the goverment changed their mind. Too many uncertainties.
You're so right, just rent a place and enjoy it. No attachment.
Never retire keep working hard x3 😘
Why?
@@winthorpetrois cuz vietnam is expensive
@@Hmmm313 No, it's not.
Thank you for the super useful video. The only thing I am not too sure about was the buy one property with the certificate of origin, can you sell it to both locals and foreigners?
6:35AM San Francisco waking up to this Gorgeous woman 😊
Thanks you VanVu for these great contents about retire in VietNam, thinking 🤔 retire in VietNam , Chuc Mung Nam Moi 🎊 🎉VanVu
Thank you very much for your sharing
Nice! so How do I retire there if my family tree is vietnamese but I am swedish?? am I able to get a citizenship in Vietnam?
I did ask Ken and his company but they say they not helping out with that :-(
Is that the only visa solution to retire is $140,000.00 a year investment? I am married to a Vietnamese woman and with the cost of an investment visa we can live in California cheaper.
Very informative.
Good conversation advise
Thanks for that great content, most of all retirement.
A tip for better reach on YT: use time stamps
It's good to C that VN's laws R free n open. As long as it is not driven by greed, it will create good living conditions 4
foreigners who want to retire in VN.
Hi, whats the cost of rent in da nangVietnam?
I'm watching your all videos . I'm impress
I'm so confused by the numbers. He referenced something like 15,000 - 20,000 per square meter in one part of the city. Can that be right? If it is, that's something like $2,200,000 for a 1200 square foot apartment. I thought we were in Vietnam, not New York City! Am I misunderstanding what he said?
So ,the bottom line is... unless you are rich businessman, you should not come and live in Vietnam, right? Many other SE Asian countries have Retirement Visas for foreigners, but Vietnam is not welcoming them...
Awesome🎉🎉🎉 thanks the best
Duong sounds like a very nice guy telling people about Cap rate even if it could hurt his business! Real estate in vietnam is so expensive I wonder how do the locals that earn 3~10mi/month can afford.
My wife already has a four story house and she can open any business she wants so I'm pretty much set. I will bring in the west money. Plus her family is already rich. Hehe
I have a question.
I’m a Việt kiều. I want to get my grandma’s house put under my mom’s name because she’s the one who paid for that house & land.
Is that possible to do that?
Thanks for the info
1. Buy property in Vietnam out of my list
2. 50yrs lease + 50yrs extension remind me about HongKong 👎…government scams
3. Business 4+ different taxes another scams 👎👎👎
3. Retirement in Vietnam maybe
4. Travel in Vietnam 👍
Rental or leasing property in Vietnam like apartments or house cheaper and no maintenance 👍
Lovely place beautiful discover video thank you sharing 💝💝👍