While actual land ownership is not possible at this time for non-Vietnamese, it is possible for ANYONE to do a 50-year Land lease and build/own a house. That law exists today. It is absolutely advisable to hire proper legal counsel before engaging in the purchase of these leases.  Property values despite the downward trend, which began in late 2005, is still quite high in the cities. In Central Saigon, prices for top locations were comparable with major international cities such as New York, London, and Tokyo whereas countryside and non-prime properties are rather inexpensive. Mortgages are somewhat available to native Vietnamese however most properties are paid for in full using gold bullion in the form of Taels (slightly more than an ounce) Vietnam has the distinct potential of becoming a sort of Florida of Asia. Check with a licensed real estate company who should also be able to refer you to a qualified and reputable attorney for help in this important matter.

Worldwide Ventures - USA House Rentals & Real Estate
3280-55A Tamiami Trail, PMB 297
Port Charlotte, Florida, 33952, USA
Email: info@vietnamhouserentals.com