Vietnam’s land prices vary widely across regions, with major cities like Ho Chi Minh City and Hanoi commanding some of the highest costs. While foreigners cannot directly purchase land, they have options to lease or invest through legal entities. This article breaks down the current land prices, including costs per square meter, rental rates, and specific information on agricultural land, providing a clear overview of the real estate landscape in Vietnam.
How much is land in Vietnam?
The average land price per square meter in Vietnam is approximately ₫ 40.29 million ($1,612). However, land prices in Vietnam vary significantly across different regions. Major urban centers like Ho Chi Minh City have significantly higher land values than more rural or less developed regions such as Binh Duong and Quang Ngai. In Ho Chi Minh City, the highest land price is ₫ 167.24 million ($6,690) per square meter, making the cost of 1 acre approximately ₫ 676.93 billion ($27.08 million). Conversely, Binh Duong has the lowest land price per square meter in Vietnam at ₫ 1.92 million ($76.78), resulting in a 1-acre price of ₫ 7.77 billion ($310,743).
Ho Chi Minh City land price
Based on the most recent data, the current average land price in Ho Chi Minh City is ₫ 4.3 billion ($171,800). The land price in HCMC has remained stable over the past year. The average price per square meter of land in Ho Chi Minh is ₫ 167.24 million ($6,690), which translates to ₫ 676.93 billion ($27.08 million) for 1 acre of land. The average rent price for land in Ho Chi Minh City is ₫ 42.53 million ($1,701).
Ha Noi land price
The current average land price in Hanoi is ₫ 2.25 billion ($90,040), which has remained stable over the last year. This indicates a stable and mature land market in Ha Noi. The median list price per square meter for land in Hanoi is ₫ 36.93 million ($1,477), resulting in a land price of ₫ 149.46 billion ($5.98 million) for 1 acre. The average price to rent land in Hanoi is ₫ 31.98 million ($1,279).
Quang Nam land price
The average land price in Quang Nam, which includes areas such as Hoi An, Hiep Duc, and Dien Ban, is approximately ₫ 2.79 billion ($111,440). Recent data shows that the land price in Vietnam’s Quang Nam has remained unchanged over the past year. The average price per square meter for land in Quang Nam is ₫ 19.15 million ($766). The price for 1 acre of land in Quang Nam is ₫ 77.5 billion ($3.1 million).
Da Nang land price
The average land price in Da Nang is approximately ₫ 3.39 billion ($135,480), which has remained unchanged over the past year. Da Nang is home to popular areas such as Ngu Hanh District, Lien Chieu District, and Son Tra District. The cost for 1 acre of land in Da Nang is ₫ 129.08 billion ($5.16 million), and the average price for land per square meter is ₫ 31.9 million ($1,276). The average rent price for a lot in Da Nang is ₫ 11.61 million ($464), which is relatively low compared to other cities and regions in Vietnam.
Binh Duong land price
The average price for land in Binh Duong is ₫ 1.04 billion ($41,640). Binh Duong, known for areas such as Thu Dau Mot, Ben Cat, and Di An, has experienced no change in land prices over the last year, indicating a stable land market. The average price per square meter of land in Binh Duong is ₫ 1.92 million ($76.78), making the cost of 1 acre of land in Binh Duong ₫ 7.77 billion ($310,743).
Quang Ngai land price
Quang Ngai is known for its famous areas, such as Nghia Hanh, Song Tinh, and Tu Nghia. The average land price in Vietnam’s Quang Ngai is ₫ 1.52 billion ($60,840), with an average land price per square meter of ₫ 15.26 million ($610). This means the price for 1 acre of land in Quang Ngai is ₫ 61.75 billion ($2.47 million). The latest real estate data indicates that there has been no change in the land price over the last year.
Thanh Hoa land price
Sam Son and Quang Xuong are cities located in Thanh Hoa. The average land price in Thanh Hoa is ₫ 1.66 billion ($66,360), with no change in price over the last year. The median price per square meter of land in Thanh Hoa is ₫ 15.66 million ($626), which means that 1 acre of land in Thanh Hoa costs an average of ₫ 63.37 billion ($2.53 million). The average rent price for land in Thanh Hoa is ₫ 77.15 million ($3,086).
Land price trends across Vietnam
The land price trends across Vietnam have remained remarkably stable over the past year, with no significant changes reported in any regions mentioned. This stability suggests a mature and balanced real estate market, particularly in key areas such as Ho Chi Minh City, Hanoi, and Da Nang. The lack of price fluctuation could indicate steady demand and consistent investment in these regions. However, it also reflects a broader trend of market stability, where land prices in Vietnam have reached equilibrium, offering predictability for investors and buyers alike. Despite the differences in land prices between regions, the overall trend suggests a stable and reliable market environment across Vietnam.
Frequently Asked Questions (FAQs)
What is the cost of land in Vietnam?
The cost of land in Vietnam varies significantly by region. For example, land in Ho Chi Minh City costs approximately ₫ 167.24 million ($6,690) per square meter, while in Binh Duong, it is much lower at around ₫ 1.92 million ($76.78) per square meter. Prices across other regions like Hanoi, Da Nang, and Quang Nam also differ, reflecting the diversity of the market.
Can foreigners buy land in Vietnam?
No, foreigners cannot directly buy land in Vietnam. However, they can lease land for up to 50 years, with a possible extension. Foreigners can also purchase apartments and houses built on leased land through long-term lease agreements or by setting up a Vietnamese legal entity.
Is land expensive in Vietnam?
Land prices in Vietnam can be expensive, especially in major cities like Ho Chi Minh City and Hanoi. In Ho Chi Minh City, for example, land can cost as much as ₫ 167.24 million ($6,690) per square meter, making it one of the priciest areas in the country. However, prices are significantly lower in rural areas and less developed regions.
How much is land in Vietnam in USD?
The price of land in Vietnam varies, but to give an example, in Ho Chi Minh City, land costs approximately ₫ 167.24 million ($6,690) per square meter. Converted to USD, this is roughly $7,073 per square meter, depending on the current exchange rate. Prices in other regions may be much lower.
How much is land in Vietnam per square foot?
To calculate the cost of land per square foot in Vietnam, you can use the example of Ho Chi Minh City, where land costs ₫ 167.24 million ($6,690) per square meter. Since 1 square meter equals approximately 10.764 square feet, the price per square foot is about ₫ 15.53 million ($621).
How much does it cost to rent land in Vietnam?
The cost of renting land in Vietnam varies by region. In Ho Chi Minh City, for instance, the average rent price for land is approximately ₫ 42.53 million ($1,701) per month. Other areas, like Da Nang, have lower average rental prices, around ₫ 11.61 million ($464) per month, reflecting regional differences in demand and development.
How much does agricultural land in Vietnam cost?
The cost of agricultural land in Vietnam is generally lower than urban land. Agricultural land prices in Vietnam can vary widely depending on the location and land quality. Still, on average, agricultural land can be significantly cheaper, making it more accessible for farming and other agricultural activities. Specific land prices in Vietnam would require region-specific data, as they vary considerably across the country.
