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Location profile

Property in Vietnam

Nha Trang, Phu Quoc, Da Nang — a growing Southeast Asian market with direct flights from Russia

from $50,000Starting price
6-10% grossYield

Ownership: 50-year leasehold (renewable), 30% foreign quota per building

Vietnam — Nha Trang, Ha Long Bay, the tropics

Market

Property market in Vietnam

Vietnam is one of the fastest-growing resort property markets in Southeast Asia. Direct flights from Russia (Moscow, St. Petersburg → Nha Trang, Phu Quoc, Da Nang — 9-10 hours). Main resorts: Nha Trang (Russian-speaking ecosystem, beaches, Vinpearl), Phu Quoc (a tropical island with an international airport, Sunworld), Da Nang (an urban beach city with My Khe Beach and the Dragon Bridge). Stable ROI of 6-10%, prices from $50K for a studio. Foreigners can buy apartments under a 50-year leasehold (renewable); villas — through a Vietnamese company or leasehold.

  • $1,500–3,500 per m² — the price range in the resort zones of Nha Trang/Da Nang/Phu Quoc(VisitAsean, 2026)
  • 50+50 years — the standard leasehold for foreigners on apartments(Housing Law 2014 (as amended))
  • A maximum of 30% of apartments in a single building may be owned by foreigners(Vietnam Housing Law)
  • A foreigner cannot own land — only the building on it(Land Law of Vietnam)
  • VAT of 10% is already included in the price of a new build from the developer(Vietnam Tax Code)

Prices

Price per m² by city and district — Vietnam

LocationPrice per m²Comment
Nha Trang$1 500–2 800studios from $65K, 1-2BR $80-150K (Zimavteple, 2026)
Da Nang$1 800–3 500apartments from $1,500/m², penthouses up to $1M (Vietnam-Real.Estate)
Phu Quoc$1 800–3 200studios $50-80K, villas with a beach from 80 million ₽ (VC.ru, 2026)
Ho Chi Minh City$2 500–4 500urban market, premium District 1
Hanoi$2 000–3 500urban long-term rental

Ownership

Ownership for foreigners in Vietnam

A foreigner can buy an apartment in a new build in Vietnam under a 50-year leasehold with one renewal (a total of up to 100 years). Villas and land cannot be bought — only through a Vietnamese company or a leasehold. The restriction is no more than 30% of apartments in a single building and no more than 10% of the area of a single district.

  • Only new builds from authorized developers; resale between foreigners is a grey area
  • Land is never transferred into a foreigner's ownership — only the right of use
  • No more than 30% of apartments in a single building may be owned by foreigners
  • No more than 250 villas and townhouses nearby may be owned by foreigners in a single district

Source: Vietnam Housing Law 2014, Land Law

Taxes

Taxes on purchase and ownership in Vietnam

TaxRateWhen paid
VAT10%already included in the new-build price (Vietnam Tax Code)
Registration fee0,5%one-time, upon registration of title (Vietnam Tax Code)
Sinking Fund2%one-time, building capital repair fund (Vietnam Housing Law)
Tax on rental income10%for foreigners — 5% VAT + 5% PIT (Vietnam Tax Code)
Annual property tax0,03-0,15%minimal, on the land (Vietnam Tax Code)

Rental yield

Rental yield by city in Vietnam

CityTypeGrossNet
Nha TrangCondo, short-term6–10%4–7%
Phu QuocVilla, two-season7–11%5–8%
Da NangCondo, mixed6–9%4–6%
Ho Chi Minh CityUrban long-term4–6%3–4%
HanoiUrban long-term4–6%3–4%

FAQ

Frequently asked questions about buying property in Vietnam

Can a foreigner buy property in Vietnam?

Apartments — yes, through a 50-year leasehold that can be renewed for another 50 years. The restriction is that no more than 30% of the total number of apartments in a building may be owned by foreigners. Villas and townhouses — only through a Vietnamese company (with a local founder) or a leasehold of 50 years or more.

Where is the best place to buy in Vietnam?

Nha Trang is the most Russian-speaking resort in Southeast Asia, with developed infrastructure for Russians and prices from $50K. Phu Quoc is a tropical island with an international airport and Vinpearl, in the premium segment. Da Nang is an urban market plus My Khe Beach (ranked among the world's best by Forbes), with the cultural hub of Hoi An nearby. Ho Chi Minh City / Hanoi are urban markets for investment without a resort scenario.

What rental yield can you get in Vietnam?

6-10% gross when working through a management company or Airbnb. Nha Trang has stable year-round occupancy thanks to the flow of Russians (especially in winter). Phu Quoc is two-season (December-April dry peak, May-November rainy). Da Nang has year-round urban demand plus a summer beach peak.

What are the purchase conditions and taxes?

Purchase tax — 0.5% registration + 0.1% notary. The transfer includes VAT of 10% already in the developer's price. The annual property tax is minimal (0.03-0.15%). Tax on rental income — 10% for foreigners. The purchase is made through a lawyer, with an official bank transfer.

How much does an apartment cost in Nha Trang and Da Nang?

Nha Trang: studios from ~6 million ₽ ($65K), 1-2BR $80-150K, seaside villas up to 30 million ₽. Da Nang: apartments from $1,500-3,500 per m², penthouses up to $1M. Phu Quoc: studios from $50-80K, villas with a private beach from 80 million ₽.

What is the 2% Sinking Fund and is it mandatory to pay?

The Sinking Fund (capital repair fund) is a mandatory one-time contribution of 2% of the apartment's value at purchase. It goes toward the repair of common property. It is paid upon signing the contract or handover of the keys, separately from VAT.

Can you get a residence permit by buying property in Vietnam?

A direct residence permit through purchase is not available. The visa for owners is the multi-entry TT (Temporary Resident Card) for up to 3 years under certain conditions (work, business), or a tourist/visa-free entry for Russians for up to 45 days. Long-term residence is arranged through work or business.

Other destinations

Explore other markets

UAEfrom $200,000Thailandfrom $80,000Omanfrom $180,000Turkeyfrom $80,000Cyprusfrom €200,000Greecefrom €150,000Indonesia (Bali)from $180,000Georgiafrom $40,000Montenegrofrom €100,000Serbiafrom €80,000 (~8.8M ₽)Mexicofrom $120,000Armeniafrom $80,000Bahrainfrom $200,000Saudi Arabiafrom $300,000Kuwaitunavailable for non-GCCPhilippinesfrom $50,000Malaysiafrom $150,000Dominican Republicfrom $150,000Mauritiusfrom $300,000 (PDS entry), from $375,000 (residence permit)Seychellesfrom $500,000 (Eden Island apartments)Sri Lankafrom $80,000Cambodiafrom $40,000 (~4M ₽)Cabo Verdefrom €50,000 (~5.5M ₽)

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