Buying Property in Vietnam Foreigner Guide

Buying Property in Vietnam Foreigner Guide

Buying Property in Vietnam Foreigner Guide - Vietnam has been hailed as one of South East Asia best property investment destinations. It is supported by;

• Strong Economic Growth (averaging 6-7% for the recent years),
• Increasing Foreign Direct Investments (FDI),
• Golden Working Population (with more than 60% of working age),
• Sound Economic Fundamentals
• Political Stability
• Competitive Advantage in terms low cost of doing business/operations
• Market Reforms in Banking and Finance,

Vietnam Property Market Demand and Prices has undoubtedly picked up strongly since the crash in 2013. Future Growth looks extremely positive as we are seeing more and more International Corporations venturing into Vietnam. Singapore Company Sembcorp is also eyeing an 8th Industrial Park in Vietnam while on the other hand, Singapore GIC has signed a MOU to buy 7.73% stake in Vietnam's largest bank - Vietcombank which reflects the confidence in Vietnam's long term growth potential.
The Property Market has also generated much interest from both Local and Foreign Developers competing for a slice of the growing property market. Singapore Listed Property Developers CapitaLand and Keppel Land has also entered into the fray. They have recently launched Vista Verde in District 2, HCMC, and The View Riviera Point in District 7, HCMC respectively. Responses have been overwhelming with most of released units SOLD.

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