Expanded land access for overseas Vietnamese
The new Land Law grants overseas Vietnamese holding a Vietnamese passport the same land use rights as domestic citizens. This change has sparked increased investment from overseas Vietnamese, who are now more actively involved in long-term investments in Vietnam’s real estate and business sectors. The ability to directly own property without the need to use relatives’ names has given them greater autonomy and has revitalized their interest in the Vietnamese market.
Increased opportunities for foreign investors
The revised law has opened new opportunities for foreign investors by allowing them to acquire land use rights in industrial parks, clusters, and high-tech zones. This change is expected to greatly benefit Vietnam’s economic development and has sparked new activity in the real estate market. Foreign investors now have increased confidence in participating in Vietnam’s growing economy, leading to higher investment in key sectors.
Ever since the law took effect, overseas Vietnamese have been given the opportunity to participate in real estate business activities on an equal footing with domestic citizens. This means they can invest in high-end housing products and take advantage of potential price increases or rental income. These changes have brought greater transparency and openness to the market, which has encouraged overseas Vietnamese to invest in and own real estate in Vietnam.
Attractive investment returns and rising demand
Vietnam’s real estate market continues to offer excellent investment opportunities, especially in rental properties with high profitability. Profit margins in Hanoi and Ho Chi Minh City have averaged 10-12% over the past two years, making the market increasingly attractive to overseas Vietnamese and foreign investors. The revised Housing Law, which extended homeownership rights for foreigners up to 100 years, has also sparked interest in Vietnam’s high-end real estate market. Developers have responded by marketing properties to international buyers, particularly in premium urban projects.
As Vietnam continues to witness the advantages of these legal changes, it is expected that the real estate market will experience sustained growth, offering more opportunities for both local and international investors. The positive improvements in land access and ownership rights highlight Vietnam’s dedication to nurturing a more dynamic and inclusive property market.
