CoderX10

So he plans to bring 3 billion VND wants an apartment to live there.That’s the issue, “+” . No TRC through just buying real estate. Read More

That won’t work either. Buying real estate as an individual or under a company will not get you a TRC.It works, if you bring a capital of 3 billion VND to the company, it gives you a TRC.That’s not the question of the OP. He asked if ... Read More

Create a company with a capital of $130,000 and buy your apartment by your company.That won’t work either. Buying real estate as an individual or under a company will not get you a TRC. Read More

Off topic, but I had to go to HCMC D1 from Binh Duong today. Erie feeling as the road leading to the city was nearly empty. I had my papers ready including my negative quick test taken yesterday. Enter the city, passed 1 more checkpoint, and I was ... Read More

I thought the PCR test takes time, the antigen test is quick but not suitable for flying purposes as far as I know.Flights from HCMC and Hanoi will require a negative quick test moving forward. A PCR is for international. Both needs to be within 3 ... Read More

If your visa was single entry tourist visa and you left the country once a year then came back with another visa, that's not a renewal of the original visa. That's a new visa each time you entered the country. See my answer to goodolboy ... Read More

because buying the land predated marriage, i am assuming that @dobelieve is NOT listed in pink book, therefore land can be unilaterally sold by wife (whereas if @dobelieve was in pink book, this canot (legally) happen considering all the confusing ... Read More

The best way for you both to be protected from family on both sides is for both of you to simple obtain Legal Inheritance Certificates. LandDrutter is giving solid advice here. Your 50% is protected under marriage law. I concur, if you want the ... Read More

I happen to read some articles recently that cash AND gold is king. Still! In the 21st century here in Vietnam. Some paying half cash and half gold. Any truth in this? ...can post links to the sources if necessary.It was more prevalent in the past ... Read More

CoderX10: Interesting observations on Vietnamese real estate debt, or lack of it. Instinctualy, I feel that you are correct. However we often hear about banks being in trouble with non-performing loans. Is this mostly all business debt? I am ... Read More

This is not an official fact although I got it from an official source: A very large percentage of properties in VT (not counting hotels and buildings owned by corporations) do not have mortgage, therefore, the slow economy doesn't affect most ... Read More

Many can’t qualify for bank loans so they resort to other means. Borrowing money from a bank here is the same in any other country, what’s your income/assets you put down for collateral. Red or pink books are widely accepted. Read More

I’ll add that they may not know now but when you and your friends get there they’ll have an assumption because not many foreigners I know go to the Mekong to visit a local Vietnamese “friend” that’s female. Heads up, ... Read More

Don’t over think yourself out of a deal. Making 90k usd in Vietnam is in the 1% of salaried jobs. Maybe you could have negotiate a better deal that included housing. Any foreigner I know that makes around that range has housing included. But ... Read More

If it is a management level position as you indicated and they already gave you an offer, you have some leverage. I would think they would expect you to counter to demonstrate your negotiation skills or lack thereof. If you are willing to accept the ... Read More

I would simply ask the HR director what is the salary range for this position. This should give you an idea what they are willing to pay on the low and high end. Then decide where you are comfortable accepting the position. Read More

I don't dispute that the military has its hand in Vietnam's economic activities. Viettel is a good example. I also don't dispute that the military had some part in developing your project in D12. But to say they are one of the largest ... Read More

How does that explain anything? You actually believe that statement? The statement starts off “from what I’m told...” That statement is also incorrect. The military is one of the biggest land owner not developer. And if they do ... Read More

Why do you assume I only buy units? Because I'm a foreigner? I buy units under foreign quota, and I buy land with my wife. At any given time, I can add my wife's name to the title of the unit and it'll get converted to long term hold. ... Read More

Isn't it possible to disagree with someone else without calling them a bum?When speaking with others, yes. While speaking to @mangoshake, no. Read More

Good thing you lost your appetite cause you can't buy much real estate for 75K in Vietnam. How are we suckers if some one was able to amass a large portfolio in Vietnam as a foreigner? My Audi Q5 cost more than your Thailand condo sale proceeds. ... Read More

Its a fact not a theory :cheers:Then if you know it's a fact, then it shouldn't be hard at all to provide a reference link, should it?I'll add some color and say that Golgo13's statement is misleading. Yes, foreigners can buy with ... Read More

Eastdil Secured is the top shop in town. They solely focus on deals above 50 million USD. They are the only brokerage firm that offers a salary + bonus structure similar to investment banking. They don’t hire investment sales associate with no ... Read More

Take that all day! Ours in Ben Cat is about 80% after 3 years. Thailand and Vietnam land laws for foreigners are very similar. A big difference is that it will be considered personal property of the Thai spouse with no recourse for the foreigner. ... Read More

Making misguided statements like that without knowing the other person’s background, if anything, shows me there’s a lack of confidence. I also don’t come on this forum looking for a pissing contest with strangers. I come on here, ... Read More

If payment schedule is based on construction progress, how would you as the buyer verify it has been completed before making your payment? Walk and inspect the construction site yourself? Lol. I guess you can say there’s hundreds of thousands ... Read More

All payment schedules in Vietnam are based on dates and never based on the construction progress. The sales contract, which is non negotiable, is very tight between buyer and developer and lays out all the rights and responsibilities of each party. ... Read More

The answer is right under your nose! Read More

Yup, they rely heavily on the sale proceeds. You see more stalled projects in smaller markets like Vung Tau. The demand is not there compared to major markets like HCMC, Hanoi, and Da Nang. Read More

No need to hire a lawyer if you are familiar with purchase contracts. It is also non negotiable. Once you start requesting changes to the contract, the agent and/or developer will stop taking your calls as you will be considered low probability. ... Read More

Your best bet is to work with a reputable agent like CBRE or Savills. They have strong relationships with developers to know what's coming to the market. Read More

Not true. Banks partner with leading developers to offer financing to potential customers. The bank will also qualify the borrower to ensure the person that is borrowing the money meets all their criteria. The money for the construction is coming ... Read More

All payment schedules in Vietnam are based on dates and never based on the construction progress. The sales contract, which is non negotiable, is very tight between buyer and developer and lays out all the rights and responsibilities of each party. ... Read More

Just catching up on this thread and wanted to share my thoughts. I’ll try to keep it as simple as possible as the topic of “real estate” in Vietnam can lead you down a rabbit hole. The definition of “buying off plan” ... Read More

I tell my friends all the time...I think I can outrun a knife, but not against a bullet. Read More

An American that is freaked out about violent crimes in Vietnam!?! LOL You guys open carry automatic assault rifles with full tactical gear on in the supermarket. It seems there's a mass shooting every week. Read More

District 1There's a company called Hoozing that is very reputable. They verify all there listings and mostly offer modern apartments if that is what you are looking for. It is also a good website see what current asking rental prices are in ... Read More

All forms of advertising are heavily regulated in Vietnam. You probably have to submit the actual flyer to your local authority and get the content approved before distribution. I would check with them before doing anything. As for direct mailers, ... Read More

I highly recommend SC from personal experience. I interviewed with both banks and found HSBC operates under stricter regulation due to being caught up in a money laundering scandal back in 2012. Since I was moving decent amount of money into ... Read More

Agreed with Stein here. There is a lot of equity in Vietnam's real estate market and very little debt. Real estate is also a preferred vehicle to hide or launder illicit funds. Gold and diamond are close second. The government doesn't have a ... Read More

Population and land mass in Thailand is very similar to Vietnam and also no property taxes and the RE values there are less than 1/4 of Vietnam. There has to be something else here at play.That is an inaccurate statement. Thailand has a population ... Read More

Land is expensive in Vietnam because there's not a lot of it. Vietnam is smaller than California in size and has a population of 95 million people (almost a 1/3 of US population). Also there are no annual property taxes in Vietnam compared to ... Read More

A foreign-invested enterprise is not an individual foreigner. The former has land use rights, the latter doesn't. That's the reason Colin asked SteinNebraska whether the land he purchased was under his company's name (post #15).Ok, let ... Read More

That does beg the question though - a foriegner cannot buy farm land without a Vietnamese but if that Vietnames purchase partner dies can the remaining foriegner become sole owner of farmland in Vietnam? Like you I wasn't all that concerned ... Read More

Hi Robert, I have successfully purchased and sold some units in HCMC. However, I have not taken the funds out of Vietnam as I decided to re-invest the proceeds. I am confident I can transfer the money back out based on my due diligence into the ... Read More

You are right that it is not a big deal. Even if you claimed your child to be Australian citizen at birth the VN government will still not allow your child to have a western name on record. You would have to change it through the court system back ... Read More

Of course they were cheating and your lawyer was right. What they did was in effect push their tax liability on you. I am not sure exactly how capital gains are taxed in Vietnam but when its time for you to sell, you will be paying taxes on your ... Read More

I would answer yes to the first question but not with 100% certainty as I've never paid tax in Vietnam and knew little to nothing about it. I only heard tell that the recorded price was not always the price people paid although it's never ... Read More

For those that invested with a long term strategy, not having the pink book is actually a bonus as the clock doesn't start ticking on the 50 years until you have the pink book in hand. Foreigners are not receiving pink books only in certain ... Read More

For those looking to learn more about Vietnam's housing law for foreigners, check out this investment guide from Kepple Land for accurate information. keppelland.com.vn/pdf/Investor%20Guide_soft%20copy_96dpi.pdf Read More

I guess that answers my question.Sgndep is going to get a notice from the police to come down to their local office for a "working session" :lol: Read More

Sign me up! I love meeting strangers and spending my time showing them around HCMC. How about Sunday at 12:00 noon when the UV is at its highest point?Do you supply ninja wear to combat the sun.I'm already supplying my time! He would need to buy ... Read More

Sign me up! I love meeting strangers and spending my time showing them around HCMC. How about Sunday at 12:00 noon when the UV is at its highest point? Read More

Agreed. If he had opened a VN account in his name and wired the funds in there first prior to sending it to his partner's account, he would have no issues now. Read More

You should consult with an expert in corporate services that can provide guidance. Based on my understanding, funds can be remitted abroad freely where they were transferred directly into a Vietnamese bank account from an individuals personal ... Read More

There are a lot more than 2 countries. Britain, Bulgaria, Czech, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania and Slovakia also offer more or less the ... Read More

I don't tend to focus on Chinese speculators as they represent a small portion of the overall market. What they are doing is parking their money in gateway cities such as Southern and Northern California, Vancouver, and New York because of the ... Read More

IMO, i'm not a big fan of District 7 with the exception of Phu My Hung. The reason is that these developments such as Infinite are too far away from city center of District 1. For you to get from D7 to D1, you have to cross D4 specifically going ... Read More

If the title is under her name she is correct. Vietnam controls the transfer of funds abroad of its citizen very tightly. Also, since she can't travel abroad freely, there is no acceptable reason for her to transfer money abroad. If the title ... Read More

Shipyard? Consider the possibility of toxic or even carcinogenic materials in the soil. :(Actually, its more of a port than a shipyard. Its the last port in core HCMC but it is not in full operation. The government wants to relocate all ports in ... Read More

Yea, that VinGroup project in D4 is going to be awhile. Its currently still being partially used as a shipyard. I do like the location, but its going to be a few years out before anything gets going. Not sure if they have finalized the purchasing of ... Read More

Most developers used the same construction contractor. If Cottecons turns it down, then Hoa Binh will take it. Between these two firms, they are building most of HCMC. Hard to say one is using cheaper labor than the other when the labor is from ... Read More

Thanks THIGV. In Vietnam, I have eyes on the back of my head as well. :) My one rule I recommend is sticking with big name developers. You will pay a little more but sleep better knowing that they are taking every precaution. Big name developers ... Read More

You can simply go down to the US Consulate located at 4 Le Duan District 1 and file an affidavit notarized by the US Consulate stating that you have never been married. You can find the form on the US Consulate Vietnam website. From there you will ... Read More

Thanks THIGV. In Vietnam, I have eyes on the back of my head as well. :) My one rule I recommend is sticking with big name developers. You will pay a little more but sleep better knowing that they are taking every precaution. Big name developers ... Read More

Hi THIGV, To answer your question: 1) Most of the land in HCMC is swamp land based on the number of rivers snaking through most parts of the city. However, developers now a days are fully aware of the issue and are spending a lot of money on ... Read More

Investors tend to focus on District 2 as that's where the majority of the projects are located since there's lots of land available. HCMC is currently on an eastward expansion from District 1. Projects in District 1 are too expensive. If I ... Read More

"seasoned real estate investor" is not your name. I introduced myself, not you. You could be anybody..... Very foolish to believe I am going to read your text..... I never open the door of my home to strangers who do not even introduce ... Read More

Minor defects are common based on the rate that they are building these apartments. In addition, buyers have a 2 year warranty from developer for such defects. However, New City has all sorts of problems including poor craftsmanship and legal issues ... Read More

Thu Thiem is a mess. Good evidence of corrupt officials displacing residents for personal gain. Read More

Minor defects are common based on the rate that they are building these apartments. In addition, buyers have a 2 year warranty from developer for such defects. However, New City has all sorts of problems including poor craftsmanship and legal issues ... Read More

Delafon, the only project in HCMC I hear that is marketed as 'luxury" that has these issues is New City. Even Masteri Thao Dien and Vinhomes Central Park don't have these issues. Sorry to be a buzz kill but get out of New City if you ... Read More

Still a hypothetical question I have that no ones answered... or cares. If delafon put his place on the market tomorrow who would buy from him over a vietnamese local selling the same unit but next door? Why wouldn’t you choose the one of ... Read More

Not in Thu Thiem for sure!!! Thu Thiem is a "hot" area for the following reasons: 1) There are important issues related to the red book (final properties document for owners) in all existing real programs in Thu Thiem. For example, NEW ... Read More

The government did not think through a streamline process to provide pink books to foreigners when they passed the regulation allowing foreign ownership. What else is new in Vietnam? Lol To my understanding, its at a deadlock pertaining to national ... Read More

You can go to 766 Vo Van kiet Street in District 5, HCMC. I recently had it completed there. Its right next to the big hospital Benh Vien Nhiet Doi. Do not go into the Benh Vien parking lot. This location is actually FACING Vo Van Kiet, and about 50 ... Read More

Just tell her that you like her and will move and live in Vietnam for good just to be with her. You will find out real fast if she is for real. Read More

In my opinion, the problem with the expat beggar is that he has at least some skill set that is advantages for him to make a good living in Vietnam. Teaching English alone whether in class or online to China can provide a good quality of life here. ... Read More

A license is not required for anything under 50 cc. Read More

You recommended to me and they are one of the top law firm in town. I spoke to the person where you googled the article from Baker Mckenzie and took away all the terminology you are using. Ministry of this...decree that. He co authored the article. ... Read More

Following your recommendation, I reached out to Baker McKenzie at the information you provided and spoke to Gia Long Nguyen. The same person that co authored the article that you did a great job of paraphrasing regarding foreign ownership even down ... Read More

What lawyer in their right mind will work for you for free without a retainer? Until the task is complete? Lol you said the authorities haven’t mapped out the security zones so how do you know where you can and cannot buy? Ohh I understand ... Read More

Thank you, who is your lawyer over at Baker McKenzie? Maybe I can reference you and speak to him to find out more. If that is the case, then I am surely wrong and have been provided wrong information. Read More

So how does your lawyer verify how many units in a ward that is owned by foreigners under your scenario? And i'm curious how many properties have you successfully purchased directly from a Vietnamese who has a red book and then getting it ... Read More

Just relaying back to you what my Vietnamese lawyer told me. Read More

Correct. But you have to keep in mind the different sets of rules. Each rule further limits foreigners and eventually leave foreigners will few options. Foreigners can only buy 30% of a new condo development. Foreigners can only own up 250 ... Read More

Diazo - I'm not even sure I want to get into the middle of this mess but you are "technically" correct since no foreigner have been able to have a "house book" (pink book) in their name. I say the word "technically" ... Read More

Got it! My apologies for not reading the initial post. I was just excited to hear about financing for a project and jumped to conclusion. I am also an expat. What project and area did you buy in? Just curious as I am exploring options to buy. Thanks Read More

I was told Foreigners can't obtain financing for real estate purchase. How did you do it? Read More

You should contact my agent over at Savills. If you want his contact if, DM me. Savills sells apartments for the developers and don't have their own apartments. Foreigners currently cannot obtain a mortgage. Read More

@CoderX10 can you direct message me the contact information to your agent? I would like to speak with him. Thank you in advance.Just sent, check your inbox. Tell him Ryan referred you and he will know. Read More

My agent thinks it's a bad deal and the project is not selling well. He tells me they are paying double the commission compared to other projects which is why local agents have been pushing their buyer to the project. Its near completion, yet ... Read More

No cooling off period since all the projects are new construction. Once you make your final decision and sign the deposit agreement, you are locked into an installment payment plan spread out over time until you the unit is handed over. You can walk ... Read More

@Delafon I thought I saw a message last night about you losing some money on the New City project? That has always been my main concern but I'm working with Savills International Team and they are the real deal. They have a strong market ... Read More

What did you like about New City? I hear the locals refer it as "New Prison Thu Thiem." Read More