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Arturo48
  9/19/2019 01:17 EST

I am looking to live in Vinh Long. I want to find out about buying versus renting a house. What are the rules for foreigners

ralphnhatrang
  9/19/2019 07:30 EST

See this site:
https://www.globalpropertyguide.com/Asia/Vietnam/Buying-Guide

Do note that

1. you can buy only a Land Use Right Certifate, which is like a lease. You cannot buy the land. The lease us for 50 years maximum, transferrable for Vietnamese. The transfer situation is perhaps still unclear for foreigners (I haven't kept up with the latest news.)

2. You must be a resident.

3. the State can repossess your land if you leave the country.

4. Should the State decide it wants you property for whatever reason, you will be paid way less than its worth. For example, a Vietnamese friend with 1000m2 of beach front land was offered $US1 per square metre. He refused and after four years is still fighting for a proper price.

5, As a foreigner, you have no idea how to fight the system, so it is not a good idea yet to buy. Perhaps at some time in the future? Who knows?

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