Vietnam

HANOI
Vietnam’s capital city Hanoi has a rapidly-growing population that is currently approaching 3.5 million and things are getting a little cramped. As a result of the white-hot economy and property supply consistently falling short of demand, competition for residential and office space is fierce, and both rental rates and unit purchase prices are sky-rocketing.
Read the latest analysis of the Hanoi property market

HO CHI MINH CITY
Ho Chi Minh City, as the largest population centre in Vietnam, is the bustling, dynamic and industrious heart of the Southeast Asian nation and its undisputed economic capital. The laws pertaining to foreign ownership of land in Vietnam is currently under review by the country’s government. An example of what may be to come was seen in a pilot project that saw some 21,000 foreigners who had been living in Vietnam for some time qualify to purchase a house in the country.

However, the rules of the scheme are relatively restrictive, under which foreigners are only permitted to buy one house. Foreigners and foreign organisations can also only own houses for up to 50 years (depending on the duration of their projects in Vietnam) which can then be extended.
Read our knowledgebase section on Ho Chi Minh City Property

PHU QUOC
Phu Quoc is a large up-and-coming holiday island in the Gulf of Thailand which falls under Vietnamese administration. Phu Quoc, in Kien Giang Province, is the largest island in Vietnam covering an area of 56 sq. km. In the early 17th century, Phu Quoc was a desolate area, where Vietnamese and Chinese immigrants earned their living from sea cucumbers. It served as a French colonial rubber and coconut plantation and later as P.O.W detention camp of 40,000 inmates during the country’s long war. Now however, with its UNESCO biosphere nature reserve occupying nearly 70 per cent of the island, average annual temperatures of 27 degrees, and range of virtually untouched beaches, Phu Quoc is reinventing itself as a tourism hub which, the government hopes, can eventually rival luminaries such as Phuket, Bali and Koh Samui.
Read our knowledgebase section on Phu Quoc Property

HOI AN
Hoi An is home to the largest harbour in Southeast Asia. The area has grown to become a hugely popular tourist destination and is enjoying climbing land and development prices thanks to ever-increasing visitor numbers. Its key areas of interest are the old town that runs in part along the De Vong river and the exceptional Cua Dai Beach. Another part of the city which is proving popular of late is Cam An, where property prices are climbing as high as US$448 per square metre; nearly 10 times the price of less than a decade ago. Its closest neighbouring city is Danang, which is some 35 km away. Hoi An is also served by Danang airport which is 40km from the centre of Hoi An.
Read the latest analysis of the Hoi An property market