Is it possible to buy land in vietnam

Cappelut: Vietnam is very important to us as a group. We, AccorHotels, have been in Vietnam since Back then, we were the only international hospitality company in Vietnam.

That shows how committed we are to Vietnam as a business location. And today, this country is developing at a dizzying pace. These are incredible numbers. Ibis Saigon Airport is quite simply the right product in the right place at the right time.

And it is highly visible. In the next two years, the group plans to open another 12 hotels all over the country, which will bring its total portfolio to Particularly, investors from within the region are amongst the first ones to actively seek investment opportunities in the country.

Savills Vietnam has seen great interest and real demand from foreign buyers based in Singapore and Hong Kong. To better understand the reasons for their aggressive moves it is important to look at the local housing market in these respective countries. Property markets in Singapore and Hong Kong have been heating up over the last decade due to ever-increasing demand from local and foreign investors.

While Singapore is a preferred investment destination for buyers from Malaysia, Indonesia and mainland China, the market in Hong Kong has seen tremendous investment from the latter.

To react to the social problems caused by the price increases - such as lack of affordability for first-home buyers - governments in both destinations have put cooling measures in place. These are now showing effect with a considerable drop in transactions, and prices are expected to drop in both countries.

In Singapore and Hong Kong the governments reacted as early as with a variety of cooling measures, which included:. These measures were specifically introduced to curb property investment and speculation - particularly by foreign investors - rather than preventing irsthome buyers from purchasing units.

The effects are finally starting to show with transactions and prices decreasing in both markets, and talks of a property market crises making the rounds. More importantly, the yield potential in these markets has declined due to the additional purchasing costs. Taking into consideration that Hong Kong and Singapore investors are amongst the most active in the region, Vietnam is seen as one of the most attractive destinations for property investment in Southeast Asia.

With excellent yield potential and prices at a fraction of those in Hong Kong and Singapore, investors can purchase multiple units at the value of one property in their home markets. We are confident that this number will increase dramatically over the coming months. The opening of the Vietnamese property market to foreign investors is expected to draw more foreign investment into Vietnam from private and institutional investors.

Have you ever wondered what goes into making a high-end hotel? But you might be shocked to know the true depth and scope of storytelling, conceptualization, and meticulous planning that goes into creating a high-end hotel, far beyond just decorating.

Whether or not you realize it, everything you see and interact with as you move through one of these luxury establishments is the result of fine-tuned and precise planning.

High-end hotels need an entire team of creative professionals and experts to oversee this process from conceptualisation to final execution. The team at KAZE has worked extensively with reputable international hotel brands in Vietnam , from Le Meridien to the Renaissance Hotel by Marriott , and the scope of their clientele extends beyond high-end hotels to many commercial and residential developments throughout Vietnam.

Such a diversity of projects requires a wide diversity of skills and specialties within the KAZE team itself. To get an insight into exactly what goes into the fascinating process of high-end hotel design, we sat down with Managing Director Khoa, Interior Architect Hanh, and Junior Designer Phat. You might think of luxury as gaudy, shiny, golden, almost excessive—but these Old Hollywood depictions of luxury are no longer the norm.

Think about your own experience at a hotel. If the lobby, restaurant , and public facilities were pristine and luxurious, but your room was drab, dark, and uncomfortable, would you come away from that hotel with a positive impression? Most of our time as guests is spent in the smallest, most intimate spaces in these hotels, and it is therefore in these relatively small rooms where the design team at KAZE begins their design and storytelling journey with any high-end hotel project.

With a space as limited as a hotel room, every inch of the space must be carefully accounted for and meticulously, precisely planned. So how does the team at KAZE begin conceptualizing a design story for a new client? Could you imagine writing a book for someone who tells you what they think should happen at the end?

You would then have to come up with an interesting plot and finer details like setting and character development that meet their expectations. After hours of planning and brainstorming , an initial schematic emerges from the creative minds at KAZE. It takes time for us to find each other, making this the costliest and most time-consuming stage of designing.

To help their clients visualize the story, the team at KAZE actually uses modern technology to create 3D renderings to bring their concepts to life. This is, in fact, their specialty. The process then continues through the practical application of those materials—construction, staging, and final execution, culminating in that magical moment when guests step into the hotel for the first time.

It takes a team of highly qualified professionals to properly take on any high-end hotel project, and each team member will bring a variety of skills to the table, but which of them is most important? Technical skills? The structure of land ownership in Vietnam is different from most countries. In Vietnam land belongs collectively to all people. The state is simply described as the one managing it. Even Vietnamese themselves cannot own land in the traditional sense. This alternate concept of public and private land ownership has given rise to a belief that foreign citizens and companies cannot acquire property.

But this is not entirely correct. Citizens of Vietnam, local organizations and foreign-owned companies can purchase the right to use and build on land. The length of a lease agreement and the terms of use depend on the type of entity purchasing the property. For individuals, the maximum length is 50 years, with an option to renew the agreement for another 50 years. Foreign-owned companies can hold lease agreements in Vietnam until the end of their investment license.

The Department of Planning and Investment grants this for ten years. This investment license is also renewable. The first way to acquire property in Vietnam is to set up a fully foreign-owned company. In this case the purpose should be to provide housing to company founders, members, and employees. You have the option to construct commercial buildings, factories and warehouses on leased land.

You do not have the right to buy and sell property in the sense that a real estate business might. Learn more I Understand. Email it. Copy Permalink. Table of Content. Can foreign investors buy property in Vietnam? Can foreigners buy land in Vietnam? The compelling points of the Law on Residential Housing LRH which dictate foreign property ownership include: Foreigners are permitted to purchase a property just by having a travel tourist visa.

Foreigners are permitted to purchase a limitless number of real estate units in the country. Foreigners who got married to a Vietnamese can get freehold ownership. Ask online for a free no-obligation quote. Invest in Vietnam. Foreign ownership of Vietnamese property: recently opened up to foreign investment.

Why is this the right time to invest in Vietnam? Real estate investment in Vietnam Real estate law in Vietnam Foreign ownership of Vietnamese property Vietnam investment law Foreign direct investment in Vietnam Vietnam investment certificate Vietnam dong investment Foreign investment in Vietnam.