Yes, foreigners are permitted to buy certain types of properties in Vietnam—including apartments, villas, and townhouses—within licensed commercial housing projects. Restrictions apply to areas related to national defense/security, and foreigners cannot own land directly but are awarded long-term leasehold rights (usually 50 years, renewable)

Foreign buyers can acquire:

• Apartments (condominiums) in commercial projects

• Villas and townhouses within resort/tourism or commercial developments

• Offices or commercial properties via company/enterprise setup
  Note: Standalone private villas or rural houses not in projects are usually not eligible for direct foreign ownership

The process involves:

1. Identifying a suitable property (within qualified projects)

2. Signing a reservation/preliminary agreement

3. Paying a deposit (based on developer’s schedule)

4. Signing the official Sale & Purchase Agreement

5. Making full payment

6. Applying for a “Pink Book” (Ownership Certificate)

7. Receiving the Pink Book. It is highly recommended to engage a reputable agency and legal/language support

Yes, a foreign individual or organization may not own more than:

• 30% of apartments in a single building

• 250 landed properties (houses/villas) in one residential area defined by law
  Always verify a project’s current quota before proceeding

Typically, properties are offered with a 50-year leasehold period, renewable upon expiry. In practice, renewals are usually granted, especially for properties within major commercial/resort projects

No. Foreigners cannot directly own land in Vietnam. All land is collectively owned by the state; property ownership translates to leasehold or right-to-use certificates for the land beneath the property.

• Valid passport

• Valid Vietnamese visa

• Investment certificate (if purchasing via a business entity)

• Signed agreements with the developer/owner

• Application documents for the Pink Book

While the process is regulated, exercise caution:

• Only buy properties with an existing or clearly processable Pink Book (ownership certificate)

• Use a notary for all key transactions

• Avoid cash or handshake deals—insist on legal contracts and verifiable property records

• Engage established agents and legal support for due diligence

• Ownership/leasehold misunderstandings

• Pricing and valuation transparency

• Changes in government policies

• Language and bureaucracy barriers

• Quota limitations in popular projects

• Title deed issues (ensure Pink Book authenticity)

Yes, many resort/condotel projects offer structured rental pool programmes. Owners of private apartments or houses can lease their properties to others as allowed in the leasehold agreement and local regulations

Nha Trang is experiencing 10–20% year-on-year growth for high-end resorts and condotels. Average property prices are USD 1,800–2,200/m², but bargains may exist due to developer oversupply and increased competition