Why Invest?

Vietnam is the fastest growing Asian Economy with a consistent growth rate of 7% during the last decade. The international Investors are taking a lot of interest in Vietnam which is obvious by having a look at its stock market which grew by 144% during the last year.

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Market Report

The market report of Vietnam is showing positive signs of improvement which is reflected in the fast GDP growth rate. During the time period of 2003 to 2006 Vietnam showed an average growth rate of 7%. The growth in the Real Estate Sector of Vietnam was withheld for a long time due to government's policy regarding the land laws. The Vietnamese Government follows a communist agenda which does not allow possession of the land. The land could only be used for the construction purposes and all the rights of the land stays with the state.

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Economic Overview

Vietnam's economy is one of the fastest growing economies in Asia. During the last decade Vietnamese government has adopted radical economic decisions which have helped in eradicating poverty and improving the economic condition of Vietnam. During the years 2003-2006, with an average GDP rate of 7%, Vietnam was the second fastest growing Asian economy. A decade ago Vietnam was counted among the underdeveloped country. In the period of 10 short years Vietnam has shown promising signs of improvement and it is predicted that Vietnam will emerge as an economically stable country by the end of year 2020.

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Visa/Residency Issues

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Getting to Ho Chi Minh

As the Ho Chi Minh transportation system is improving day by day, you can easily get into the city by air, by bus, by taxi, by motorbike, by bus, on foot and by train.
To enhance the Ho Chi Minh transportation the Vietnamese Government has started establishing a new international airport near Long Thanh Township to accommodate rapidly growing air passengers.

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Fees & Taxes

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Vietnam

 Basic Information

Vietnam Overview

Vietnam is formally called the Socialist Republic of Vietnam. Vietnam is a beautiful country of Southeast Asia.  Vietnam has a population o f 86 million. That is the reason that Vietnam is the thirteenth most thickly settled nation on the face of the Earth.  Due to its enormous economic and political reforms, the country is moving towards the economic boom. Country has well established economic and political relationships with almost all countries of the world.

Average Property Prices

Buying Process

• Foreigners who are resident of Vietnam are now permitted to purchase houses to live in. They can be the owner of the house but they do not have the ownership of the land, the house is built on. In addition, they have the right to lease the land from the state.
•  However one of the leading estate agent company is Vietnam has introduced a scheme where the foreigners can hold a 50 years lease for the given property and land. The buyer gets the right to own the apartment for the next 50 years, and the lease could be renewed after the expiry of the term. This contract, gives the buyer many rights of ownership including the right to sub-let the given property.
•  Forming a joint venture company with a Vietnamese partner or forming a wholly foreign owned company can also grant the foreign investor the right to invest in Vietnamese real estate.
•  Foreign residents in Vietnam can own the house for living but they are not given the right to sub-lease these houses. If they leave the country more than 90 days, there contract is expired.
• One important fact about buying property in Vietnam is that all the transactions are carried out in pure gold. So the fluctuation in the gold rates plays a major role while buying property in Vietnam.
• The land registry process in Vietnam is varied everywhere, it could take 67 days and the cost of registry is the lowest in the world.

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