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Vietnam Property Investment Guide

Posted by alan mok on November 13, 2017
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UNDERSTANDING VIETNAM HOUSING LAW

New Vietnam Housing Law with effective from 1st July 2015;

  • Foreigners who are permitted to enter Vietnam legally are now eligible to buy/invest in Vietnam Property

  • Foreign Ownership cannot exceed more than 30% of the total units in one apartment building

  • Ownership title will be on 50+ years leasehold (extendable subject to applicable laws)

  • Foreigners are allowed to lease, mortgage, contribute as capital gift etc

Taxes and Other Charges

  1. Value Added Tax: 10% of apartment selling price

  2. Sinking fund: 2% of apartment selling price

  3. Registration Tax for Ownership Certificate: 0.5% of apartment value

  4. Personal Income tax (Resale): 2% of transacted value

  5. Person Income tax (Rental income): 5% VAT & 5% Personal Income Tax on revenue

  6. Business License Tax: VND 1million per year if rental income exceeds VND1.5million per month

  7. Management Fee: As applicable

  8. Car park fee: As applicable

VIETNAM PROPERTY INVESTMENT GUIDE PART 1:

  1. Very First Mover Advantage at Entry Price into Vietnam with the changes in the housing law with effective from 1st July 2015 that allows foreigner to own a property in Vietnam

  2. Property Prices have bottomed out and is on course to rise over the next few years

3. Golden population structure (More than 70% are of labour age – 18-64 years old) with a total population of 92 million.

4. Fair and Attractive Business Environment for Foreign Investors.

5. Securing Social-political stability (Strong GDP Growth – expanded 6.9% in 2015). GDP is expected to growth at +- 6 to 7% over the next few years with Vietnam tipped as the next investment frontier of Asia

6. Increasing Foreign Direct Investment into Vietnam. Vietnam’s foreign direct investment rose 120% year over year in the first quarter of 2016, the country’s statistics office says. Samsung Electronics(SSNLF), has made an $11 billion investment in production there

7. Vietnam’s sound Economic Fundamentals and Political Stability and is forecast to be on a strong growth trajectory. Property Prices are expected to appreciate 5-7% per annum over the 3 years. Even if the property prices rose 30 percent over the next 3 years, it is likely that the home price to income ratio would be stable.

8. GIC signs MOU to buy 7.73% stake in Vietnam’s largest bank – Vietcombank  which reflects the confidence in Vietnam’s long term growth potential

9. Integration of AEC – Asean Economic Community

10. Property Prices are still relatively low as compared to other countries which presents an investment opportunity for investors looking for higher return on their investments.

11. Singapore Listed Developers – Capitaland and Keppel Land has already ventured in to both HCMC and Hanoi.

Stay Tuned for Vietnam Property Investment Guide Part 2 – Coming Soon

Disclaimer: This article is meant for research and educational purposes only. All information, especially property ownership laws, are subjected to changes and no responsibility shall be held on the accuracy. All sorts of property investments can be risky and investors are expected to perform their own due diligence before committing into any purchase.


Looking to Invest in Vietnam Property?

  1. Vista Verde HCMC District 2 by Singapore Listed Developer CapitaLand
  2. D1mension HCMC District 1 by Singapore Listed Developer CapitaLand
  3. The View Riviera Point HCMC District 7 by Singapore Listed Developer Keppel Land
  4. Seasons Avenue Hanoi by Singapore Listed Developer CapitaLand

SPEAK TO OUR INTERNATIONAL SALES CONSULTANT TODAY

SMS/WHATAPPS “VIETNAM PROPERTY” TO +65 90272297 FOR RECOMMENDATIONS AND UPDATES or

Get your Free Copy of Vietnam Property Investment Guide

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