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4 REASONS TO BUY PROPERTY IN VIETNAM
buy-property-in-vietnam

Purchase/re-sale/leasing is allowed for foreigners. All you need is a visa!

buy-property-in-vietnam

There is no Stamp Duty nor Capital Gains Tax! Don’t miss the opportunity!

buy-property-in-vietnam

Strong economic fundamentals and rapid urbanization drive the market!

buy-property-in-vietnam

Properties start at $1,500/sqm; similar properties in Bangkok are up to $10,000!

- Legal Aspects of Buying a Property as a Foreigner in Vietnam -
Who is allowed to purchase apartment in Vietnam?
Is there fees ?
Is it possible to lease out property?
Is there limited bank loans?
All foreigners who have been granted a visa in Vietnam are allowed to purchase apartment units. Quota on foreign ownership does exist. Foreigners can buy up to 30% of the total units in a complex. Tenure is 50 year lease however renewal possibility does exist. Foreigners married to Vietnamese citizens enjoy freehold tenure.
Fees are as follows: - Value Added Tax (VAT): 10% - Registration fee of the Land Use Right (Pink Book): 0.5% of purchase price - Annual land tax: progressive tax from 0.03% - 0.15% - Notary fee: 1 million VND minimum and capped at 10 million VND. No stamp duty, property tax nor Capital Gains Tax exist however Personal Income Tax (PIT) does exist (2% of transacted resale value).
Leasing out properties is allowed in Vietnam as long as you notify the authority that you plan to do so. Renting however incurs a 10% rental tax (5% fixed PIT and additional 5% rental VAT).
Limited bank loans do exist for foreigners if their spouse is Vietnamese.
- How to Purchase a Property -
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Place a deposit and sign a Deposit Contract Agreement.

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Agree on Sales & Purchase Agreement.

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Apply and submit documents for Ownership Certificate (Pink Book).

Pay the 1st instalment and subsequent payments according to the schedule.

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Upon handover, pay maintenance and registration fees.

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Pay the final instalment within 14 days of notice to receive the Ownership Certificate.

buy-property-in-vietnam
- My Apartment in Ho Chi Minh City -

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