Only 50 years leasehold? Foreigner needs to hold a visa to be able to buy?
50 years leasehold extendable for another 50 years (subjected to applicable laws and paying a very nominal fee- administrative charges for the pink book).
Foreigners who are permitted to enter Vietnam legally are allowed to own Vietnam Property.
New Vietnam Housing Law after 1st July 2015.
Change
1.Foreigners who are permitted to enter Vietnam legally are allowed to own Vietnam Property
2.Not more than 30% of total units in one apartment building
3.50+ years lease (extendable subject to applicable laws)
4.Foreigners are allowed to lease, mortgage, contribute as capital, gift, bequest, exchange etc subject to certain limitations
5.No Capital Gain Tax -only Flat Rate of 2% on selling price for Resale / Subsale