HOW To Buy Real Estate in Vietnam: OWN a plot of LAND in Vietnam as a Foreigner

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📧 Reach me out to discuss about your investment project in Vietnam : movetoasia.com/contact
📰 Learn more : movetoasia.com/en/vietnam/buy...
Many foreigners will consider purchasing a plot of land in vietnam. But one of the most tricky questions coming to mind is about the ownership of lands in vietnam ? How can foreigners buy land in Vietnam and get the LURC or long term ownership paperworks ? In this video of real estate Vietnam, we will discuss investing in lands in Vietnam and especially about the land valuation, how it works for foreign investors in Vietnam.
As real estate in Vietnam is booming and getting more and more awareness for foreign investors, many are considering buying real estate in vietnam. How to buy real estate,how to buy property, how to invest in real estate, buy housing in Vietnam : that's some of the questions we will cover in this video. The real estate market in Vietnam and especially about houses for sale in Vietnam and lands will provide you with all the knowledge about how to buy rental property.
Following Phillip who shared recently about real estate market in Vietnam, we will be having Tracy as our next guest on the show to share with us about the specificity of lands in Vietnam. As good as Phillip is, Tracy has had years of experience as an individual investor, in understanding the market, how to value a piece of property, location analysis, and especially all the regulations and legal aspects of ownership of lands in Asia and especially Vietnam ...
For those who're curious about how lands work in SEA and Vietnam specifically, this is the video for you. Foreigners with many misconceptions about lands in Vietnam have raised multiple questions whether foreigners can actually own a land or not. The answer is right here in the video.
For the followers, you will also discover my latest project : a 500m2 land in an industrial zone next to a national road that has a lot of potential. The land is located at about 700m outside of a 200,000 inhabitants city providing access in an area surrounded by a lot of small shops, factories and warehouse. It's a perfect way to illustrate you what are the alternative investment channels you can consider if you look into investing in a frontier market such as Vietnam.
⏩ Summary of the video :
00:00 How to Buy and own a Real Estate land in Vietnam
01:37 Introduction of Tracy, real estate investor in Vietnam
02:59 Potential and opportunities of growth in Vietnam
03:44 Average return on investment about land investments
04:18 Is there any capital appreciation of real estate assets in Vietnam
04:50 How to calculate the fair value of a land in Vietnam ?
05:51 Different types of land in Vietnam ?
06:45 How to own / use lands in Vietnam as a foreigner ?
07:54 Set up an LLCs or use a local nominee
08:23 LLCs vs Nominee : what is the best option ?
09:00 Foreign company buying lands for manufacturing ?
09:59 Do we lose the land after 50 years ?
10:59 * Taxes to renew your title for another 50-year ?
11:42 * 50-year step to extend your land ?
12:05 * Is the government taking back lands from individuals ?
12:51 * If road expansion: what is happening ?
13:38 I am revealing my latest land project in Vietnam
15:23 Few price examples of lands in Vietnam
19:32 Why investing in industrial zones in Vietnam ?
20:27 Bank loans to purchase real estate in Vietnam
Follow Tracy and I as we discuss the legality of lands, methods to buy lands as a foreigners, vibrant locations sharing, and more.
Make sure to leave a comment to discuss with me about your personal opinion. Like and subscribe to the channel as well as it helps a lot for my channel to grow. Thank you all!

Пікірлер: 42

@thenigerianfile 2 жыл бұрын

Good info. Thank you.

@MoveToAsia 2 жыл бұрын

Thanks for the feedback ! You are welcome 🙌

@jamesjasaki8913 2 жыл бұрын

another great video!

@MoveToAsia 2 жыл бұрын

Thanks James ! 😉

@gregreed2713 2 жыл бұрын

Very informative, Tracy is obviously very knowledgeable about the property market. Please pass along compliments to her. The only subject I found missing was regarding taxation on the capital appreciation after selling. Besides that, excellent video!

@MoveToAsia 2 жыл бұрын

You are welcome Greg ! Thanks for your feedback ! PIT of 2% on the property sales price, but it's not really capital gain tax.

@VK-tq4il 2 жыл бұрын

Hello Rondan, My apologies if I misunderstood you. You keep on saying buying or owning a land in Vietnam. Vietnam is not any different from China, nobody can own or buy land locals or outsiders, they lease from the government on long term basis. The key word is lease and not buy the same way you buy land in EU meaning you own it, you buy a car, you buy a shirt meaning you own it, but it is not the same in Vietnam you just lease from the government for a long term basis, My second question is; if person A leases a land for 50 years then after 10 years he wants to sell it, now the new person B will be leasing for the rest of the 40 years or the person B can lease the same land for 90 years, being left 40 years from the original leaser ?

@MoveToAsia 2 жыл бұрын

On a local perspective (if you use a nominee.) When you acquire a land, the remaining number of years is not a criteria that they will pay attention to as you can just simply go to the department to extend your 50-year to another 50-year when your title of ownership ( So Do) is approaching the end. So if you go out there, do some valuation : location, infrastructure development, investment planning of your city and neighborhood are the main factors you will pay attention to. We dig into the 50-year part at 10:05 so you will see the 'risks' even if they won't happen often if you don't buy in the middle of nowhere. For your first question. If I own an apartment / house in France : every year I have to pay my property tax, does it mean that I am owning it ? From my perspective it's the same, the land belongs to my French government. Ask locals in Vietnam if they own their family land or no, and you will get the real answer 😉.

@charlesfrotin1787 2 жыл бұрын

Great insihts ! My ex-GF is working for CBRE and she was always telling me about lands ! She is from Bao Loc and prices got crazy over there !

@MoveToAsia 2 жыл бұрын

Ahah Charles, GFs are always great source of info 😉. Bao Loc is definitely a booming area too.

@Thanh-dn1fc 2 жыл бұрын

The lease is 50 years but the renewal is 25 years, isn't it? In addition, if you are not Vietnamese, you are not allowed to get the red book for the land you have bought. The same applies to the pink book for the apartments, unless the law has changed in between.

@MoveToAsia 2 жыл бұрын

Nop, it's 50-year renewable. We dig into this part at 10:05. I went with a Vietnamese friend recently to the property department of his hometown to do the 50-year extension process with him and see how the process works. It's pretty straight forward, some paperwork, small fees and you get another 50-year So Do. For landed projects with foreign-quota. It depends on the location and property developer but you may be right. You will only get the SPA. That's how it works usually.

@nargavan134 Жыл бұрын

At 10:32 ....If you lease a land for 50 years and if the government had a new planning/zoning they can take your land and you get nothing? No compensation? 😳That's suck😤

@MoveToAsia Жыл бұрын

Answer in this video : kzfaq.info/get/bejne/oqqkh9qfqbKYfqs.html

@joshuababbitt56 Жыл бұрын

At 12:33 she clarifies the government will compensate you.

@joshuababbitt56 Жыл бұрын

Also, in the other video Guillaume linked to, a commenter said "...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."

@Ming-rw7ii 2 жыл бұрын

please provide a sample of commercial contract from the nominee. if the appreciation are up 20% at time of cash out, how are appreciation divided? the owner should get the full capital invested plus full appreciation minus the 2% transfer taxes.

@MoveToAsia 2 жыл бұрын

@earthtrotterjones7835 2 жыл бұрын

Did you leave Tracy’s contact information and if not can you? Thanks new to the channel, I’m considering moving to Vietnam in the next few years and thinking of purchasing land with both our names as she is a citizen there. So looking at profitable scenarios. Thanks

@MoveToAsia 2 жыл бұрын

Let's keep in touch then !

@adrienraffier2736 2 жыл бұрын

Oh your last project looks quite well located. It seems super crowded on the street. Is it rush hour or the same traffic all day long ? If I remember well you said before that you use a friend as a nominee to own the title of property right ? So basically the 50-year timeframe is not a big deal as locals can just renew smoothly their Sổ đỏ for another 50-year ?

@MoveToAsia 2 жыл бұрын

Either you use a company or a trustworthy local friend that will be owning your property. That's the 2 solutions we discuss in the video at 6:48. For the extension, it's 50-years. Just renewed a land a few month ago with a friend to learn how it works. Pretty straightforward process, and you get another 50-year.

@BalwanSingh-rx6ke Жыл бұрын

How can I open indian food hotel in Vietnam

@MoveToAsia Жыл бұрын

You can drop us your inquiry here : go.movetoasia.com/company-incorporation

@ChrisBGramz4u Жыл бұрын

Its like that here in the US also. People think they are buying the land, and that they own it. But really the Government owns it. If the Government decides to change the landscape, put in a road, or some such, they can just take your property. they often offer money, but if you don't take the money, the Government will still take the land.

@MoveToAsia Жыл бұрын

Agree. Same in France, we do have what is called a "property tax". So are we really owning it ? ;)

@andywu8558 Жыл бұрын

I want to buy commercial real estate in vietnam, is it possible for foreigners?

@MoveToAsia Жыл бұрын

yes ( through a company)

@jimmyscherer7873 Жыл бұрын

I been trying to contact homebase by phone and email, are they still in business?

@MoveToAsia Жыл бұрын

Did you get a feedback from them ?

@poetarjita12 Жыл бұрын

Hi may I know the price of 1comircial land

@MoveToAsia Жыл бұрын

Where ?

@jeevangudla7836 Жыл бұрын

@MoveToAsia Жыл бұрын

@ksmr5473 2 жыл бұрын

hi do u have tracey contact. i am foreigner with vietnamese wife, can i get loan to buy land and property.

@MoveToAsia 2 жыл бұрын

Hello Ks Mr, where do you want to invest ? Depending on the location, you may be eligible or not to those financing solutions.

@jonytk Жыл бұрын

Absolutely unfair. Since only vietnamese can make money with this. Unless you own your own building promoting company. So technically basically nothing can be owned by foreigners except this expensive projects made specially for foreigners. And absolutely crazy the prices since you own nothing. 😂. It a cheaper to rent a house from a local, for a long term, and fix it, than to buy it. It seems that all the viet kiu come from US new York and apply their mentality and prices and sell to each other pumping the prices for something that is totally different. Not sure if in expectation that the law will change and one day it will be like in the west where anyone can buy and move there. Long term visa is almost impossible for people who want to retire in Vietnam so every foreigner days in Vietnam are counted. Even if you marry you still don't became a local. What a joke.