Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
  • Destinations
    • Europe
      • Spain
      • Portugal
      • Italy
      • France
      • UK
      • Rest of Europe
    • Central America
      • Panama
      • Costa Rica
      • Nicaragua
      • Honduras
      • Belize
      • El Salvador
      • Guatemala
    • Others
      • North America
      • South America
      • Australia
      • Africa
      • Asia
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Digital Nomadism
  • Destinations
    • Europe
      • Spain
      • Portugal
      • Italy
      • France
      • UK
      • Rest of Europe
    • Central America
      • Panama
      • Costa Rica
      • Nicaragua
      • Honduras
      • Belize
      • El Salvador
      • Guatemala
    • Others
      • North America
      • South America
      • Australia
      • Africa
      • Asia
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

LIFE WITHOUT BOUNDARIES

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

  • Your Escape Plan

Invest in Vietnam

  • September 30, 2017
  • BY EA Editors
Total
0
Shares
0
0
0

Invest in Vietnam

In Southeast Asia sits the country of Vietnam, a country that many people do not think much about, other than the political unrest that led to a war. Hiding underneath that is a beautiful country with a lot to offer culturally and financially. Vietnam is one of the fastest-growing countries in the world.

Vietnam may not seem like your first choice for an overseas investment, but you would be surprised to know that it may be a financially sound idea, being one of Asia’s more promising markets. Since the 1990s, there has a been a large increase in foreign investment capital due to low business costs, cheap manpower, new markets, and more. Since the 90s there has been an average growth of 7% GDP annually.

There are many reasons why you should choose to invest in Vietnam. Location, easier regulations, and stable growth are among them.

Vietnam has become very competitive in manufacturing since China is beginning to decrease in popularity among international firms. Some credit this to rising costs, regulations, and political uncertainty in East Asia.

Property prices in major cities are expected to rise due to urbanization similarly seen in Cambodia, just not as fast. The country is growing rapidly. The economy has expanded 6% in 2016 and is only expected to go up from there.

Vietnam is also eager to promote the country’s economic growth, which can be seen by the numerous trade agreements the country has signed to make the market more liberal. Some of the agreements and memberships include ASEAN, WTO, the Bilateral Trade Agreement (BTA) with the U.S., and the Free Trade agreement with the EU, which will be effective in 2018.

The country has always been welcoming to foreign investors. The government even offers a few incentives to those who invest in Vietnam in certain geographical areas.

Investment in Vietnam is becoming easier, another reason why this option is becoming attractive. In the summer of 2015, Vietnamese property ownership rules for foreign investors became more relaxed. Anyone who has obtained a 3-month tourist visa or residence visa can own land on a renewable lease of 50 years. Companies also have less restrictions when buying property.

Other improvements include:

  • A low level of capital stock, so every dollar of investment yields big jumps in productivity
  • Attractive demographics fuels consumption
  • A talented, well-educated, ambitious population
  • Low wages for a decisive competitive advantage
  • Opportunities for market reforms to unlock blocked potential
  • Low valuations and rising foreign investment drive its industry and stock market forward

 

Location

The location of the country is conducive to a lot of trade and business happenings. It is close in proximity with major markets in Asia, the biggest one being China.

The long coastline allows access to the South China Sea and the world’s main shipping routes. The capital city of Hanoi is located at the northern end of the country is conveniently positioned for trade.

Ho Chi Minh City, located in the south, is the city with the largest population and is the industrial mecca of the country. It is also one of Asia’s fastest growing cities. Ho Chi Minh is where most business takes place in Vietnam, making the real estate market popular with expats, investors, retirees, and entrepreneurs looking to diversify overseas.

 

Real Estate

Owning property in Vietnam can be a little complicated for foreign investors. There are many rules in place, but that does not mean that it’s impossible. The laws limit the number of foreign owners that are allowed in a neighborhood.

Firstly, you cannot own land in Vietnam – you must lease it, on a 50-year basis. You can own houses and structures, just not the land itself. After the 50 years, you can renew the lease. No one expects that renewing the lease will be denied and it’s expected to be less complicated to own land in 50 years.

Another rule is that foreign buyers can only purchase 30% of the units in a single condominium building, and only up to 250 houses in any administrative ward. These laws are newer and less strict than older laws that were changed in 2015. Previously, you had to obtain a residence visa before owning property.

There are many different wards and districts to choose from. Ho Chi Minh and Hanoi are popular places to invest in property in Vietnam for they are the most populous cities in the country – as well as Nha Trang and Da Nang, because they are beachfront cities and house many resorts.

Here is probably the most extensive ebook on Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments. It is called The Ultimate Guide To Going Offshore.  Visit our bookstore to purchase it today!

I hope you enjoyed reading this article: Invest in Vietnam. If you have any questions, please contact our office HERE.

I’ve included some great articles for you to read, enjoy!

Live In Vietnam

10 Best Places to See in Vietnam

Retire In Vietnam

10 Things Expats Should Know About Healthcare in Vietnam

11 Things to Know Before You Visit Vietnam

 

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • cost of living
  • expats
  • International Real Estate
  • safety and security
  • sightseeing
  • weather and climate
Previous Article
  • Your Escape Plan

Colombia

  • August 12, 2017
  • BY EA Editors
View Post
Next Article
  • North America

Information on Mexico Real Estate to Live, Retire, Work, or Invest

  • November 22, 2017
  • BY David Pierce CCIM
View Post
You May Also Like
Tourist visas remain the simplest path to setting foot abroad.
View Post
  • Plan B
Living on a Tourist Visa – How Long Can You Stay?
  • BY EA Editorial Staff
  • June 4, 2025
Moving abroad can be a fresh start—but only if you do it with your eyes wide open.
View Post
  • Plan B
Moving Abroad to Reinvent Yourself
  • BY EA Editorial Staff
  • May 28, 2025
Residency programs worldwide are undergoing rapid transformation.
View Post
  • Second Citizenship
Beyond the Golden Visa – The Future of Residency
  • BY EA Editorial Staff
  • May 7, 2025
Not all retirements are created equal—especially when taxes are involved.
View Post
  • Plan B
How to Retire Tax-Free Abroad
  • BY EA Editorial Staff
  • April 23, 2025
Choosing the right country can shape your investment strategy.
View Post
  • Plan B
How to Secure a Second Home Overseas
  • BY EA Editorial Staff
  • April 18, 2025
The good life in Belize.
View Post
  • Belize
The Plan B Strategy—Securing Lifestyle and Liberty in Belize
  • BY Michael K. Cobb
  • April 5, 2025
Investors diversify globally to protect their future.
View Post
  • Plan B
Why Every Investor Needs a Plan B Abroad
  • BY EA Editorial Staff
  • April 3, 2025
Tallinn, Estonia is Europe’s digital gateway for borderless business.
View Post
  • Plan B
The Best Countries for Financial Freedom
  • BY EA Editorial Staff
  • April 1, 2025
Trending Posts
  • Auckland’s peace begins with the landscape. 1
    • Field Notes
    Falling for Love and Life in Auckland
    • June 2, 2025
  • Moving abroad can be a fresh start—but only if you do it with your eyes wide open. 2
    • Plan B
    Moving Abroad to Reinvent Yourself
    • May 28, 2025
  • A new generation claims space through movement. 3
    • Africa
    How Ethiopia’s Girls Are Rewriting the Rules on Wheels
    • May 30, 2025
  • A large mural adorns the exterior of the London Graphic Centre. 4
    • Art & Culture
    The Coolest Art Scenes Around the World
    • May 26, 2025
  • Tourist visas remain the simplest path to setting foot abroad. 5
    • Plan B
    Living on a Tourist Visa – How Long Can You Stay?
    • June 4, 2025
Know Before You Go
  • A new generation claims space through movement. 1
    • Africa
    How Ethiopia’s Girls Are Rewriting the Rules on Wheels
    • May 30, 2025
  • Residency programs worldwide are undergoing rapid transformation. 2
    • Second Citizenship
    Beyond the Golden Visa – The Future of Residency
    • May 7, 2025
  • A typical crosswalk in Tokyo. 3
    • Blue Zone
    Top 10 Things to Know if You’re Moving to Japan
    • April 18, 2025
  • Photo courtesy of iStock/Kosamtu. 4
    • Digital Nomadism
    The Ultimate Guide to Becoming a Successful Digital Nomad
    • April 16, 2025
  • Every day life unfolds on Australia’s golden sands. 5
    • Australia
    Top 10 Things to Know if You’re Moving to Australia
    • April 7, 2025
Learn More
  • About Us
  • Contact Us
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/