Bying building or renting

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funny888 Member

Member since 17 April 2022

funny888Member27 April 2022 14:27:49

Hoi an , northern Qang Ngai, Hi! Somebody knows anything about bying plot ,building in vietnam on this forum ? What is the obsticales? And what should you know all? What permission needed? What status do I self need?

Or simply rent?

OceanBeach92107 VIP Member

Member since 31 January 2018

OceanBeach92107VIP Member27 April 2022 16:09:03

7072

Hoi an , northern Qang Ngai, Hi! Somebody knows anything about bying plot ,building in vietnam on this forum ? What is the obsticales? And what should you know all? What permission needed? What status do I self need?

Or simply rent?
- @funny888

Aren't you planning on getting married?

Do that first

SteinNebraska ViP

Member since 30 April 2018

SteinNebraskaViP27 April 2022 16:14:16

1281

If you aren't married to a Vietnamese聽 then you can't buy any land.聽 Period.聽 Full stop.

Expat42inVN Member

Member since 15 January 2022

Expat42inVNMember28 April 2022 07:09:43

Nobody can buy land in Vietnam.聽 They can only buy land usage rights (LUR). Note that the property standing on the land is considered as a separate item to the LUR. That means that as a foreigner you can buy the house but not the LUR. You can only rent the LUR.

LUR last 50 years with automatic extensions of another 50 years for citizens.

A legal entity such as a charity or a company can buy LUR.

Main legislation governing the acquisition of land use rights is:

- Decree No. 43/2014/ND-CP.

- Decree No. 44/2014/ND-CP. - Price adjustment

- Decree No. 102/2014/ND-CP. - Penalties

- Joint Circular No. 09/2016/TTLT-BTP-BTNMT.

There is a review of the law happening. It expected to deliver recommendations in 2023.

Missybon Member

Member since 23 October 2019

MissybonMember28 April 2022 07:26:36

If you are married to a Vietnamese citizen, your spouse can buy property (land, house) and it will only be held in their name. Where I am, and maybe everywhere, the being married part means that you can also live in the house, otherwise you need a guarantor (your employer) to rent the house for you to live in.

If it is land only be sure the land has THO CU (permission to build) and the square meters allowed for building. Sometimes you can buy more square meters if you want a bigger house. The other bits, you really gotta be here and see for yourself.聽 Good luck,

Budman1 ViP

Member since 22 July 2010

Budman1ViP28 April 2022 09:16:46

1612

Nobody can buy land in Vietnam.聽 They can only buy land usage rights (LUR). Note that the property standing on the land is considered as a separate item to the LUR. That means that as a foreigner you can buy the house but not the LUR. You can only rent the LUR.

LUR last 50 years with automatic extensions of another 50 years for citizens.

A legal entity such as a charity or a company can buy LUR.

Main legislation governing the acquisition of land use rights is:
- Decree No. 43/2014/ND-CP.
- Decree No. 44/2014/ND-CP. - Price adjustment
- Decree No. 102/2014/ND-CP. - Penalties
- Joint Circular No. 09/2016/TTLT-BTP-BTNMT.

There is a review of the law happening. It expected to deliver recommendations in 2023.

- @Expat42inVN

The only one that has posted the correct answer with supporting references. The rest of you folks don't have a clue on LUR and purchasing/buliding a house in Vietnam. Thanks for setting the record straight guy.

Rick

SteinNebraska ViP

Member since 30 April 2018

SteinNebraskaViP28 April 2022 14:33:11

1281

The only one that has posted the correct answer with supporting references. The rest of you folks don't have a clue on LUR and purchasing/buliding a house in Vietnam. Thanks for setting the record straight guy.
Rick

- @Budman1

Well, in my defense, I do know, I just didn't want to get into the details since it was obvious that he wouldn't be able to do anything.

funny888 Member

Member since 17 April 2022

funny888Member28 April 2022 17:21:16

Thanks for your replies! I am married!

And with some efford soon holding a temporary resifential card! But i just arrived it takes some time to get things together!

But the day i have it will open doors!

Regards Chris

OceanBeach92107 VIP Member

Member since 31 January 2018

OceanBeach92107VIP Member28 April 2022 17:33:14

7072

Thanks for your replies! I am married!
And with some efford soon holding a temporary resifential card! But i just arrived it takes some time to get things together!

But the day i have it will open doors!

Regards Chris
- @funny888

Is your wife unable to help you get this information?

Usually Vietnamese women are all about wanting to have a house of their own, and the only thing they need from an expat is funding.

Do you guys communicate well?

SteinNebraska ViP

Member since 30 April 2018

SteinNebraskaViP28 April 2022 20:52:06

#10

1281

Thanks for your replies! I am married!
And with some efford soon holding a temporary resifential card! But i just arrived it takes some time to get things together!

But the day i have it will open doors!

Regards Chris
- @funny888

Well, heck, if you are married to a VN why aren't you asking her how to buy?聽 She will know more than most of us.聽 Good luck up聽 north!

funny888 Member

Member since 17 April 2022

funny888Member29 April 2022 00:05:43

#11

@SteinNebraska

Hi it sounds easy but it isnt! Same in my homecountry so many regulations to consider! So its big risk you get wrong information anyway!

But its easier for her to hunt information, at least!

Whell now i have asked!

Thanks...

funny888 Member

Member since 17 April 2022

funny888Member29 April 2022 00:09:07

#12

@OceanBeach92107

Hi no, but its a huge iformation pile, ( regulation pile)to go through i guess, so there risk it will be wrong is quite big!

I assume thats why buyers go to laywers when they shall by for security!

goodolboy ViP

Member since 08 February 2020

goodolboyViP29 April 2022 00:33:18

#13

2325

@OceanBeach92107
Hi no, but its a huge iformation pile, ( regulation pile)to go through i guess, so there risk it will be wrong is quite big!

I assume thats why buyers go to laywers when they shall by for security!
- @funny888

As someone that has gone through the minefield of buying聽 a property here.....................get a lawyer & get every document translated & the translation notarised. Eventually thats what I did! OK you have to pay for it but believe me its money well spent.

SteinNebraska ViP

Member since 30 April 2018

SteinNebraskaViP29 April 2022 02:57:34

#14

1281

@SteinNebraska
Hi it sounds easy but it isnt! Same in my homecountry so many regulations to consider! So its big risk you get wrong information anyway!
But its easier for her to hunt information, at least!
Whell now i have asked!
Thanks...
- @funny888

It's not that bad.聽 Listen to your wife.聽 I'f she is not savvy have a lawyer involved.聽 I've bought three pieces of land in the last two years and buying another when we come back this July.聽 Now that we are living in the US we can only buy when she comes back over the summer.聽 Not a big deal but not as easy to jump on something when we lived there.

funny888 Member

Member since 17 April 2022

funny888Member29 April 2022 04:26:10

#15

@SteinNebraska

Thanks yes, it will be a lawyer that day! I will have full every coming days now! With everything ftom language to find things and also my second child is coming probably next week! Then i will have 2 small! At the hospital right now! So place to live will be urgent in the coming 6 months! Maybe better rent some affordable first! In Qang Ngai area! Havent have time to look into it! So many things now!

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