Foreigners can buy apartment in Vietnam - Is that true?

Dear all,
I have some quick questions which are absolutely related to real estate law.  Vietnamese Law says a foreigner can purchase apartment under their name. Some of you already purchased one too.
My questions are :
1.  What type of apartment they can purchase?
2. If your answer is "all types of apartment", say whether this law only applicable in main cities or all over Vietnam.

According to Article 161 (2)C of The Law on Housing, 2014:

"The foreign individuals are eligible for the homeownership as agreed in agreements on housing sale, lease purchase, gifting, or inheritance for not more than 50 years, from the day on which they are granted the Certificate and they may be also granted extension as prescribed in regulations of the Government; the duration of the homeownership must be stated in the Certificate.
If a foreign individual marries to a Vietnamese citizen or an oversea Vietnamese, he/she qualifies for stable and long-term homeownership and has all rights of homeowner similarly to Vietnamese citizens;"
Hope to get some serious replies from experienced ones :D

I bought my apartments through ownership under my wife's name, however, under Vietnamese regulations I am allowed to purchase and own an apartment and ownership was transferred and was notarized at Provincial level public office.

I am married to a Vietnamese and had been residing in Vietnam at the time of Purchase for 2 years

The apartments were built under a commercial housing development project, however,  the maximum duration of residential house ownership is 50 years from the date of your certificate under Vietnamese law.

After 50 years and within 12 months after the expiration of this duration, we will have to sell or donate these apartments to another person(s)...I will be 106 years old at that point so I really wont give a shit!

Happy to heard that you bought apartment under your wife's name :D
Did you see this?
"If a foreign individual marries to a Vietnamese citizen or an oversea Vietnamese, he/she qualifies for stable and long-term homeownership and has all rights of homeowner similarly to Vietnamese citizens;"
This also applicable when you buy joint ownership.
Anyway I am searching for foreigners already bought under their name, thanks!

I am from usa, just bought two under my name

- Foreigners are allowed to buy all types of real estate in cities as a vietnamese. However, there are two small limitations:
1) Only 50 years of ownership (you can sell it before the year 50, or you get married with a vietnamese)
2) The number of foreigners owning real estate in an area not exceeding 30%

Before buying an apartment in Viet Nam, find a good lawyer. Their are few buyer protections and one can find themselves loosing the apartment after having paid for it, especially in a new building. The issue is that the building is built on borrowed money and the builder is frequently unable to repay the construction loan and the apartment owners then become liable for the loan.

Note, this is an issue both in and out, of expat zones and Vietnamese as well as expats are victims.

That's a good point that 70 years old made... always enter into buying a property in Vietnam with caution and don't rush into it...

They just can apartments in commercial projects. The law is applied to the whole country Vietnam.

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I recently ran into something that somewhat resembles "escrow." This seems to be a rather new development. Anyway, I was able to buy a condo in a secure and relatively painless process.

@70, would you like to share your experiences?

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