Regional Information - Foreign Ownership >Vietnam, Asia

Feature Island

Regional Information

Possessing an incredible diversity of landscapes and cultures, the Southeast Asian country of Vietnam is starting to achieve its rightful place as a prime tourism destination. From the epic, jungle-covered interior mountains to the peaceful coastal lowlands, this beautiful country is also known for being home to some of the friendliest people on earth, and major cities like Hanoi offer exciting nightlife and memorable shopping. Visitors are often awestruck by the unusual, picturesque islands that line the southern coast, but investment opportunities are very rare. However, several potential development projects for the investor seeking something unique have recently become available.

Vietnam, Asia

Foreign Ownership of Islands in Vietnam, Asia

With restrictions that are comparable to other Asian markets, foreign investors in real estate must currently do so through the purchase of a lease or an investment in a Vietnamese company. Ownership of private dwellings by foreign nationals is permitted, however the government retains the rights to the land on which the dwelling is constructed. Automatic options to lease this land as well are commonplace, and it appears that Vietnam is beginning to liberalize foreign investment laws to encourage development.

Tourism is gradually becoming large contributor to the Vietnamese economy, and investment opportunities in resorts, hotels and other enterprises are generating significant interest. Participation in a touristic venture is the most likely scenario for investing in an island in Vietnam. As with all other forms of international real estate transactions, it is highly recommended that potential investors conduct detailed research and consult with an experienced attorney in the country being considered for investment.

Regional Statistics for Vietnam, Asia

Location:: Southeastern Asia, bordering China to the north, Laos to the west and Cambodia to the southwest. Vietnam faces the South China Sea to the east.
Population:: 86,116,559
Languages:: Vietnamese (official), and French, Chinese and Japanese are prominent
Capital:: Hanoi
Currency:: đồng (VND)
Climate:: Sub-tropical; rainy, hot summers and relatively dry, cooler winters. Diverse topography means that temperatures vary widely from the coastal regions to the interior
Temperature Range:: +15 to +33
Terrain:: Coastal lowlands, with heavily forested interior hills and mountains
Natural Hazards:: Seasonal monsoons and tropical thunderstorms