Buying REAL ESTATE in Vietnam in 2024 | How to OWN property as a FOREIGNER | Legal & Process

[@Homebrand16092]

Great content guys. Would like to hear Nhan speak about the laws surrounding Government buy back of residential land that has ben re zoned for their own purpose and how people can avoid buying in areas that have more risk associated with this type of activity. It should be noted that even with a pink book, the government still has the right to take back your residential land with only a payment of land fair value and not house/land valuation combined. Keep the market updates coming as well, they are in valuable!

[@trituevutru9882]

Very realistic question I would love to have time to talk about it

[@rayc4038]

As a Long time Vn expat in Vn, stay away from this property buying "scam" Seen so many foreigners lose their house bc the landowner is Vnese and not allow you on property or you cannot get entry visa in Vn, etc... Foreigners are a target and you will lose all your investment. Similiar to Thailand with bad ending.

[@mistyn380]

This is one of the top videos on this topic. Thank you both for this!

[@MoveToAsia]

Our pleasure ! Glad you enjoyed it!

[@benchtalkrcsetup4803]

Can foreigners buy , used condo off Vietnamese people??

[@drluistheveninolivier5981]

Thanks for your video Is very profesional we need this information

[@MoveToAsia]

Thanks for the feedback ! Happy it helps !

[@chiodh]

comprehensive. i am reconsidering because of this...thanks...appreciate...kudos! btw, how do i know if the project (condo) that i am interested in has already hit 30% of foreigner ownership?

[@MoveToAsia]

You are welcome !

[@Birdylockso]

This is the first time I have heard that with the Pink Book, you won't be able to sell your condo to foreigners and that with it, you have to deal with the government instead of your developer. But once you have received your Pink Book, it does mean that the transaction between you and the developer is completed. This leads to the conclusion that is a bit confusing now. It seems to me it's actually disadvantageous to get the Pink Book than just sticking with the SPA. Did I miss something?

[@christinemarie007]

So if I understood correctly, a foreigner can by a house and own that house, but cannot own the land where the house is build. So you rent a land and build a house on top. After some years when your lease is over, if they don't want to renew it... what happens with your house? Does it become the property of the land owner? Your children cannot inherit your house either if they cannot use the land anymore where the house is build. Some clarification are welcome. Thanks a lot.

[@MoveToAsia]

Hi Christine, check this timestamp : 13:00 - Vietnam real estate ownership term

[@dirkgoldman1155]

Now I'm confused. First it was said that unlike a foreigner a Vietnamese national can own land. But then later in the video it was said that the people of Vietnam as a whole owns the land and the government manages the distribution and use rights. So in the end a Vietnamese national can only buy land use rights. Maybe I am missing something. How is that different to leasing land? I would be grateful if anybody can clarify. 🙏

[@MoveToAsia]

More details on the land ownership in this video : kzbin.info/www/bejne/aXvQiWlmabWdkNk

[@TheDanielduong]

What is the price forecast for the near term, 1 to 2 years? Are the prices stable, going down, or increasing? With the increasing interest rates will it have a positive or negative impact on property prices? Thank you.

[@MoveToAsia]

Probably even lower in 2023, let's see in 2024 with the worldwide situation.

[@grandrover8605]

"For-AIN-a" loved it !!! 😂

[@Hattrickherovvv]

Top top video for foreign investor

[@MoveToAsia]

Thanks for the feedback Marco !

[@ArtyPping]

Interesting, it might have been said in the video and i might have missed it, however in the case that someone that is through the normalization process to become a vietnamese citizen, purchases a house and during the 50 year term they become a vietnamese citizen, what happens with the contract? Can you change it?

[@trituevutru9882]

Another topic done 🎉

[@MoveToAsia]

Great one Nhan !

[@harryshannon2028]

If someone buys some condos in Vietnam.. is there a company that will rent them out for you ..while I am in Europe..

[@trituevutru9882]

Yes they do, there are project providing Rental Scheme to help you rent out your house

[@sinoblawg]

could you please also share insights on foreign exchange issues after resale? How can a foreigner take sale proceeds out of Vietnam?

[@MoveToAsia]

Send the money earn from the sales transaction you mean ? As soon as taxes are paid, you can transfer your money overseas using some specific banks. I talk about this in this video : kzbin.info/www/bejne/pGPXipKmebBje8k

[@kookaburrakookaburra]

It’s extremely volatile, people who invested in Hoi an New city got burned. Word on the street is Millions of USD burned.

[@MoveToAsia]

Yes, -25 or -30 % those days.

[@harryshannon2028]

Is it a good time to invest in Vietnam 🇻🇳..people are saying property price are going down ..

[@MoveToAsia]

Yes, on the secondary market real estate price are dropping. Primary market maybe as high as 2 years ago. But still less optimism and FOMO so good time to make some offers.

[@SHANJENNY-mj5ib]

@@MoveToAsiawhat’s the difference between secondary market and primary market? Primary as in new condo?

[@gnvsem8640xnq]

Tourist visa stamp on passport is also legal to buy apartment (SPA) in Vietnam ? TKS

[@yuvrajrathore95]

Is it possible for a foreigner opening a business in Vietnam to get the 50/99 years lease for a property such as a small shop house and live in the house and have the shop on the ground floor.

[@dzen_estate]

thx very informative video

[@MoveToAsia]

Glad it was helpful!

[@kelvinlim9316]

Hey hey ! Nice video and informative too!! Is there any way to contact you?

[@MoveToAsia]

movetoasia.com/contact

[@franklee2680]

Hi Nhan, Does foreigner needs have valid Permanent Resident visa to be able to apply for pink book?

[@MoveToAsia]

Some projects will provide it, others won't. We talk about this at this timestamp : kzbin.info/www/bejne/onXXhaqkebFnhNk

[@basbussen1558]

Good content and helpful information. I am amazed with the English language skills the vietnam guy has. Very impressive, can listen to him for hours talking about real estate in vietnam. However, i find you sit quite aggressively towards him with ur posture and body language. Also, the way u interview him is cringe.. The way u look at him and than to the camera.. Can you speak vietnamese?

[@MoveToAsia]

Yep Nhan speaks really well ! Agressive ? Maybe just my style & body-language ? I invite you to check other videos to get a true idea how I usually talk :) As an example : kzbin.info/www/bejne/n6XVqailfqyXfNU

[@andywu8558]

My wife is Vietnamese but i am not from vietnam. Can i buy commercial real estate there?

[@MoveToAsia]

Yes Andy, @BoCassMusic +1

[@LeThiHangKDMB]

Sure. You can

[@patrickderosa3240]

Grande bel video

[@sinoblawg]

so Chinese are restricted or prohibited from buying properties there? What specific types of properties can Chinese investors buy there?

[@MoveToAsia]

Many use nominee or setup companies to hold property titles.

[@sinoblawg]

@@MoveToAsia i believe individual ownership and corporate one carry different tax burdens during holding and upon disposals. How about setting up a company in HK and use this HK company to buy properties in Vietnam?

[@tapioca1688]

@@MoveToAsia you pay a lot more in taxes though when you sell in the future compared to owning it as an individual

[@Андрей-п7у9н]

Can a foreigner buy an apartment from a Vietnamese citizen (individual)?

[@MoveToAsia]

Usually no, you need to check if there are foreign quota in the building and ask the property developer.

[@MrJodyh54]

Most land is extremely overpriced and not worth the asking price. Vietnamese set land prices on specualtion or are set by real estate agents-not actually by demand. Vietnames think their land is build on gold when much of if is considered almost worthless compared to other countries.Real estate prices are greed driven and thats about it.

[@MoveToAsia]

Nowadays I hear about -30 / -40% drop compared to the top of the market.

[@benchtalkrcsetup4803]

They only talk about buying new apartment , how about buying used condo from Vietnam people??????????

[@ksmr5473]

Can a foreigner with vietnamese wife buy a cheap townhouse

[@MoveToAsia]

Yes in rural areas

[@dnguyen787]

BEWARE! Vietnam is one of the few countries in the world that doesn't allow anyone to own land, even Vietnam citizens. They can only own properties built on land. Foreigners can only lease houses for 50 or 70 years. So, it's safer for foreigners to rent for the time being.

[@MoveToAsia]

Thanks !