Apartment complexes, villas and resort projects across Vietnam — current prices and support in your language
Vietnam real estate open to foreign buyers is mostly apartments in new residential complexes and resort projects on the coast. Our catalog covers new developments in Ho Chi Minh City, Hanoi, Hai Phong, Da Nang, Nha Trang, Vung Tau, Phu Quoc and other cities. The large cities suit buyers who plan to live there or rent out long term; the coast suits holiday homes and short-term rentals to tourists. You can buy during construction or in a finished building, and each project has its own payment terms and completion date.
Can foreigners buy property in Vietnam? Yes: mainly commercial housing, plus some resort projects. For an apartment in a residential complex, you sign a sale and purchase agreement (SPA) with the developer and, once the building is complete, receive the ownership certificate known as the Pink Book. A foreign owner gets it for 50 years, extendable once for another 50. Foreigners may own no more than 30 percent of the apartments in one apartment building, so the remaining quota is checked before booking. On the resale market a foreigner can buy only from another foreigner but can sell to anyone. Social housing is closed to foreigners, and resort condotels are held under a long-term lease, not a Pink Book.
The purchase follows a clear sequence. You choose a unit, book it and pay a deposit. This can be done from abroad through an agency with a Vietnamese bank account, since a developer can refund a deposit only to an account inside Vietnam. The SPA for residential property must be signed in person while you are legally in Vietnam. On the same trip you open a personal account at a local bank. All payments to the developer are in Vietnamese dong: you transfer your own money to your Vietnamese account and pay from there, in full or through an interest-free installment plan during construction. After handover the Pink Book is issued, with a registration fee of 0.5 percent.
VINPROP makes sure you understand what happens at every step and why. We shortlist projects that fit your goal, whether you plan to live there, rent the property out or hold it long term, and check the developer and the paperwork: building and sales permits, approval to sell to foreigners, the remaining quota and the draft contract. The SPA for foreign buyers is bilingual, Vietnamese and English, and we go through it with you. Then we support the deal from booking to Pink Book: the deposit, your trip to sign, the bank account and the transfers in dong. Russian-speaking support is available throughout.
Why Vietnam? The economy is growing steadily, foreign investment keeps flowing in, cities are expanding and building infrastructure, and prices remain relatively low compared with other Asian markets. The system also works in the owner's favor: there is no annual property tax on housing, tax rates are the same for foreigners and Vietnamese citizens, and ownership is extended through a state procedure, not a negotiation with a landowner. Still, this market rewards caution. Developers differ widely in reliability, so decide after a proper check, not on advertised returns.
Yes. A foreign national can buy an apartment in a commercial housing project and receive a Pink Book, the official ownership certificate. A quota applies: foreigners may own no more than 30 percent of the apartments in one apartment building. You can buy from the developer or from another foreign owner. Social housing is not available to foreign buyers.
A Pink Book issued to a foreigner is valid for 50 years, and the law gives the owner the right to a one-time renewal for another 50 years. Renewal costs 0.5 percent of the original contract price. If you sell to a Vietnamese citizen, the new owner holds the apartment with no time limit. Condotels work differently: they are held under a long-term lease for the remaining term of the developer's land lease, usually up to 50 years.
Buying a new apartment from a developer involves 10 percent VAT, which is usually already included in the price, and a 0.5 percent registration fee when the Pink Book is issued. Vietnam has no annual property tax on homes. When you sell, a 2 percent tax is charged on the gross price stated in the contract. The rates are the same for foreigners and Vietnamese citizens.
For an apartment with a Pink Book, yes: the SPA must be signed in person in Vietnam, not by power of attorney. The reservation deposit can be paid remotely through an agency. All payments are made in Vietnamese dong: you open a personal account with a local bank (this requires a three-month visa), transfer your own funds and pay the developer from it. Condotels can be bought remotely.
Yes. We check the developer and the project documents, including the construction permit, permission to sell to foreigners, the remaining foreign quota and the draft SPA. We then support the deal from reservation to Pink Book, coordinating paperwork, notarization and government offices, and helping you set up payments. Russian-speaking support is available at every step.