Property News for Vietnam

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Strong Investment Inward Flowing into Property in Vietnam

Strong Investment Inward Flowing into Property in Vietnam

2007 is lining up to be a very positive year for the property market in Vietnam with the government already having made significant changes to real estate investment laws in 2006 and having offered certain ownership concessions to Vietnamese citizens living abroad for example. 

In addition to these factors, local affordability is increasing, overseas investment is escalating, ongoing effort is being made to improve the transparency of the property buying and ownership processes and as a direct result of all of these positive factors, strong investment is inward flowing into property in Vietnam.

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Foreign Investors Developing Property in Vietnam

Up until very recently Vietnam was possibly one of the most frustrating countries for foreign property investors who were all too well aware of the potential for real estate profits to be made in a country where there is a developing tourism market, a burgeoning FDI climate in business and a developing finance market too.  But because foreign investors cannot own land and property directly or outright in Vietnam, their potential to profit was restricted.

However, the new housing law that came into effect in 2006 has clarified the rules and regulations as well as the restrictions that apply to foreign individual investors, foreign organisations and joint ventures between local Vietnamese individuals or organisations and foreign organisations involved in the real estate market, and it has opened up some new opportunities for overseas investors to profit from property in Vietnam – so much so that now foreign investors are developing property in Vietnam and benefiting substantially.

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Vietnam’s Immature Property Market

Vietnam’s immature property market is quite something of an anomaly – on the one hand it appears to offer unlimited potential to investors looking for a bleeding edge emerging market with at least as much desirability and opportunity as Thailand offered ten years ago, and yet on the other hand it seems to be a market wary of foreign control on any level that is potentially restricting itself unnecessarily as a result of investment source xenophobia – we take a closer look.

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Investment Property for Sale in Vietnam

A series of worldwide investment conferences are shedding light on the vast potential that exists in Vietnam for international property investors and developers. 

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