Property buying guide for Vietnam
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Mortgages in Vietnam

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As of December 2016, mortgage loans cannot be issued to foreign residents in Vietnam. The country’s authorities allowed foreign buyers to purchase homes and apartments in Vietnam on 1st July, 2015, and the local lending market is not yet developed.

"Vietnamese banks only provide mortgage loans to foreign citizens holding residence cards (which are issued for no more than three years at a time) and those married to a Vietnamese spouse. Even when this is the case, the mortgage is granted only for the residence card's period of validity," says Oleg Morozov, the owner of the VinEstate real estate agency, a partner in Vietnam.

Victoria Hoang, Sales and Leasing Manager at Indochina Capital, another of Tranio´s partners Vietnam comments: "We hope that foreign nationals will be able to get mortgage loans in Vietnam in the near future. The country´s major banks have already started working in this direction."

Maximum LTV ratio 70%
Fixed rates 7–9% per annum (in VND)
Variable rates 9–10% per annum (in VND)
Loan term Up to 15–25 years
Minimum age of borrower 18
Maximum age of borrowerby the end of the loan term 65
Minimum income 10 million VND *

* 1 VND = 0.000044 USD (as of spring 2017)


Nationals and residents married to Vietnamese nationals submit the following documents to Vietnamese banks when applying for a mortgage:

  • mortgage application;
  • identity card;
  • marriage certificate;
  • proof of income;
  • sales contract.

Extra costs

HSBC’s requirements mean borrowers incur additional expenses on the property assessment, and pay mortgage arrangement, registration and fire insurance fees.

Property assessment From 1,890,000 VND
Compulsory propertyinsurance against fire Amounts vary,minimum indemnity period:three years
Mortgage arrangement andregistration fees Amounts depend on the location
Early repayment penalty(the first three years only) 1–3% of the remaining debt
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    Property buying guide for Vietnam
    Article 3 of 5

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    Tranio’s managers offer advice on buying real estate in Vietnam
    Marina Filichkina
    Marina Filichkina
    Head of Sales Tranio Thailand, Europe
    +44 17 4822 0039
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