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How to Safely Pass the Torch: Foreigner-to-Buyer Property Sales in Vietnam?

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Vietnam’s real estate market has been a hotbed for foreign investments in recent years. However, circumstances change, and foreign property owners might decide to sell property in Vietnam. This post delves into the dynamics of foreigner-to-buyer property sales in Vietnam, highlighting the importance of real estate law firms in facilitating these transactions and safeguarding the best interests of sellers. The Evolving Real Estate Landscape in Vietnam Vietnam’s property market has become increasingly appealing to foreign investors for various reasons: 1. Economic Growth: Vietnam’s consistent economic growth has fostered a favorable environment for property investment. 2. Tourism Boom: The country’s thriving tourism industry has increased the demand for holiday homes and investment properties. 3. Foreign Ownership Laws: The Vietnamese government has relaxed foreign ownership laws, making it easier for non-nationals to invest in real estate. 4. Capital Appreciation: Property values in Vie...

7 Highlights in Recently Passed Vietnam Real Estate Law

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  On November 28, 2023, with 465 out of 494 delegates participating in the vote of approval (making up a percentage of 94.13%), the National Assembly officially passed the amended  Vietnam real estate law , which will come into effect on January 1, 2025. This new Vietnam real estate law is a significant legislative project aimed at adapting to the development trends of technology and enhancing the efficiency of real estate resource management. The following article will provide basic information on some key points of this Vietnam real estate law. Types of Real Estates Allowed for Transaction in the Vietnam Real Estate Law: The types of real estates permitted for real estate transaction under the amended Vietnam real estate law include: 1. Existing residential properties and those to be formed in the future. 2. Existing construction works and those to be formed in the future, including constructions serving purposes such as education, healthcare, sports, culture, offices, comme...