Property

Vietnam’s industrial real estate market is evolving well beyond traditional factory space as investor and tenant preferences evolve.

Better infrastructure and revitalized urban areas are tipped to drive growth in housing demand in Vietnam’s major cities, especially where public transport offers convenience.

According to current regulations, foreign organizations and individuals are allowed to own up to 30 percent of the apartments in a condominium building. For individual houses, foreigners can own no more than 250 units in an area with a population equivalent to a ward.

Its land use targets for 2030 indicate that the central province's planning will allocate more land for urban areas, industrial zones, commerce, services, and public works.

A number of amendments are contained within the draft revised Law on Housing, including rules on homeownership by foreign organizations and individuals.

Under the development strategy, Phu Quoc island is envisioned as an internationally competitive center for marine eco-tourism and services, supported by trade, logistics, and marine economic industries.