Are foreigners allowed to own property in Vietnam?

When we asked expats in Vietnam if foreigners are allowed to own property, they answered...

"Yes, foreigners are allowed to own property in Vietnam. The Law on Housing of 2014 allows foreign individuals and organizations to own property in Vietnam, provided they meet certain conditions. These conditions include having a valid passport or visa, having a valid work permit, and having a valid residence permit. Foreigners are also allowed to lease property in Vietnam for up to 50 years. However, they are not allowed to own land in Vietnam," mentioned another expat when asked about moving to Vietnam.

Are foreigners allowed to own property in Vietnam?

If you live in Vietnam, newcomers to Vietnam would love to hear your answer to this question:

About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.