Vietnam has come a long way over the past few decades, averaging over 7% annual GDP growth throughout the 90’s. The country has recently become one of Asia’s more promising markets as it opens to foreign investment – with Vietnamese property being the best way to take advantage from their economic growth.
The country’s current property investment appeal for foreigners came after a series of policy changes following the summer of 2015, where the Vietnamese government relaxed property ownership rules for foreign investors.
After July of 2015, any foreigner with either a 3 month tourist or residence visa may now own land on a renewable 50 year lease. Foreign companies have even greater benefits as they don’t hold any restrictions when buying property.