Are you considering investing in real estate abroad but unsure of where to start? Look no further than Vietnam, a country with a growing economy, a stable political climate, and a favorable investment environment. In this article, we’ll explore the ins and outs of buying land in Vietnam and provide you with everything you need to know to make an informed investment decision. So, whether you’re a seasoned investor or just getting started, let’s dive into the world of “Buy Land in Vietnam” and discover why it could be the perfect opportunity for you.
Investing in Vietnam – An Attractive Destination with Continous Growth in FDI
Vietnam is a beautiful country with a rapidly developing economy, making it an attractive destination for investors looking to buy land. However, navigating the process of buying land in Vietnam can be complicated and confusing for foreigners.
Whether you are looking to invest in land for B2B purposes, especially in industrial land, the information below will help you understand the key factors to consider and useful information about buying land in Vietnam, with a focus on the different regions of the country.
Reasons to Invest in Vietnam’s Industrial Land
Investing in land in Vietnam can offer numerous benefits for both local and foreign investors.
– Firstly, Vietnam’s rapidly growing economy presents significant potential for capital growth, with land values in major cities.
– Additionally, Vietnam’s population of nearly 100 million people and rising middle class creates strong demand for housing and commercial real estate, making land an attractive investment option.
– When compared to other countries in the region, investing in industrial land in Vietnam can be a more cost-effective option. The cost of industrial land in Vietnam is generally lower than in other Southeast Asian countries, such as Thailand or Malaysia, making it more accessible for investors with smaller budgets.
– Furthermore, Vietnam’s real estate market is relatively unexplored, offering untapped potential for those willing to take the risk.
However, investing in land in Vietnam also comes with challenges and risks.
– One major challenge is the complex legal framework governing land ownership, which can be difficult for foreigners to navigate.
– Corruption and bureaucracy can also be obstacles for investors seeking to acquire land.
– In terms of risks, fluctuations in the economy and changes in government policies can impact the real estate market, potentially affecting the value of land investments.
How to buy land in Vietnam? Factors to Consider
As a rapidly growing economy in Southeast Asia, Vietnam is becoming an attractive destination for foreign investors seeking new opportunities in real estate investments more than ever.
However, purchasing land in Vietnam can be a complex process, especially for foreigners who are not familiar with the country’s legal and cultural systems. Below are some factors that foreign investors should consider when buying land in Vietnam.
Understanding legal regulations
Foreigners face several regulations when it comes to owning land in Vietnam. Here are some of the key regulations to keep in mind:
1. Foreigners are not allowed to own land in Vietnam, but they can acquire land use rights for up to 50 years, with the possibility of renewal.
2. Foreigners are only allowed to acquire land use rights for certain purposes, such as building residential or commercial properties, or for agricultural production.
3. Foreigners who are married to Vietnamese citizens can be granted land use rights for residential purposes, but the land will still be owned by the Vietnamese spouse.
4. Foreigners are not allowed to own more than 30% of the total residential units in a building or more than 250 houses in an administrative area.
Finding a reputable real estate agent
Finding a reputable real estate agent in Vietnam is crucial for anyone looking to buy or sell property in the country. A trustworthy agent can help navigate the complex legal framework and ensure that transactions are conducted legally and transparently. They can also provide valuable insights into the local market and help negotiate favorable deals for their clients.
There are several factors to consider:
– Look for agents who are licensed and registered with the local real estate association and have experience working with foreigners
– Ask for references or referrals from previous clients to gauge their reputation and level of service.
– Make sure to interview multiple agents and compare their services and fees before making a decision.
Finding the Ideal Industrial Land in Vietnam for Investments
Vietnam has three major economic zones that are key drivers of the country’s economic growth.
The Northern Economic Zone is focused on manufacturing and infrastructure development, while the Central Economic Zone prioritizes tourism and renewable energy. The Southern Economic Zone is a major industrial and commercial center, attracting foreign investment and contributing significantly to Vietnam’s economy.
Each zone offers unique opportunities for investment and development, making Vietnam an attractive destination for businesses and investors looking to capitalize on its growing economy.
North Economic Zone (NEZ) Land Supply Overview
The North Economic Zone of Vietnam is a region in the northern part of the country that includes the major cities of Hanoi and Hai Phong. As a key economic hub and home to several major industries such as manufacturing, agriculture, and tourism, the region has been targeted for significant infrastructure development and is expected to see continued economic growth in the coming years.
Listed below are some of the available industrial properties that we recommend:
SBG_L23 Logistics Land for Sale in Bac Giang
Modern logistics park with international standard facilities including warehouse, distribution center, and processing export area available for sale/acquisition up to 15 ha of land. Located in Bac Giang, a strategic location just an hour away from Hanoi’s CBD, it is ideal for logistics and e-commerce investments seeking access to the capital’s consumer markets.
– Total area: 66 ha
– Vacant area: 15 ha
– Price: Contact
+ Lease term: 2066
+ Deposit: 20% of total purchase value
+ Legal status: LURC; LUF: annual payment.
+ Power supply: Station – 110kV; Capacity – 2x40MVA; 35kV.
+ Water supply: Capacity – 23m3/ha/hour
+ Waste treatment: Collection rate – 80%; CTR standard – 0.3 ton/ha.
SHN- L31 Industrial Land for Sale in Ha Noi
This 3.7-hectare project in south Hanoi offers a strategic location for investors in various industries. It is conveniently accessible via multiple routes and benefits from nearby transportation projects like Ring Roads 3, 4, and 5, Ngoc Hoi Bridge, Me So Bridge, and the Ngoc Hoi Station Complex.
– Total area: 3.75 ha
– Vacant area: 3.75 ha
– Price: Contact
+ Lease Term: 2060
+ Transfer method: Transfer 100% equity shares to investors
+ Legal status: LURC: confirmed by the owner
+ Land Use fees: Paid annually
Central Economic Zone (CEZ) Land Supply Overview
The CEZ is a hub for industry, manufacturing, and tourism, including Quang Ngai, the region that has seen significant economic growth in recent years and has been targeted for further development and investment.
Industrial land for lease in Quang Ngai
It focuses on heavy industry complexes and large-scale projects associated with the exploitation and development of Dung Quat deep-water seaport and Chu Lai airport, as well as the formation and development of industrial urban centers such as Van Tuong, Doc Soi, and Sa Ky. The project’s location in the middle of Vietnam makes it a highly accessible and convenient transportation hub in the Dung Quat economic zone.
– Total area: 319 ha
– Vacant area: 150 ha
+ Water supply capacity: Capacity of 25,000 m3/day
South Economic Zone (SEZ) Land Supply Overview
With Ho Chi Minh City as its center, the South Economic Zone is a major economic hub and home to several industries, such as manufacturing, finance, and technology. The region is a key driver of Vietnam’s economic growth and is expanding to surrounding areas, such as Dong Nai.
Industrial Land for Sale in Long Thanh, Dong Nai
An 8.3-ha land property with 5 ha of cleared land and 3.3 ha of built-up premises is available for purchase. The land has a long lease term until 2062 and is approved for logistics and RBFs.
– Total area: 8.3 ha
– Vacant area: 8.3 ha
– Price: Contact
+ Site Breakdown: 5-ha clear land; 3.3-ha built area
+ Land lease term: 2062
+ Land use: Logistics purposes and RBFs
+ Status: Ready for construction
+ Power Supply: 250 kVA provision
+ Water Supply: 20,000 m3/day
+ Waste Treatment: 4,000m3/day-night
+ Telecommunications: Optical fiber system available
Aside from the above factors, investors should also conduct due diligence on the seller or developer of the land. This includes researching the seller’s background and reputation, as well as any legal or regulatory issues associated with the land. Investors should also consider any environmental or social impacts associated with the development of the land.
With a team of experienced professionals and extensive industry knowledge, Savills Industrial can guarantee to provide you with bespoke solutions. Whether you are looking for valuation services, or require expert advice on market trends and investment opportunities, Savills Industrial has the expertise to help. Contact Savills Industrial today to learn more about how we can help you achieve your industrial property goals.