20 Laws Every Expat in Vietnam Needs To Know

By: Sivaraj Pragasm

Every country has its own sets of laws and regulations, and while most of them are there to ensure the country doesn’t descend into chaos, there are some laws that are highly questionable. Vietnam is no exception to this, with some laws that are similar to most other countries in the world, but also a select few that may seem strange to some.

Laws Every Expat in Vietnam

Before we delve into this, take note that Vietnamese society operates on the Confucian concept of ‘Asian values’ and some of these laws run parallel with this ideology. So what may seem strange to an American or European may be very normal to an Asian. With that in mind, let’s move on to the list.

1. Register Yourself!

Whether you’re an expat or just a tourist, as long as you’re a foreign citizen, you are required to register with the local police when you move into a residence. As a tourist, your hotel/hostel usually takes care of this for you. (That is why they ask for your passport.) But for expats who are here for the long haul, your landlord is required to do it. Why? Simply so they know you live in that place and that you’re accounted for.

Also, stay out of trouble. If you’re the only foreigner in the neighbourhood, you’ll stick out like a lighthouse in a dark sea in the middle of the night.

2. Having More Than Two People on a Bike

More than 2 people on a bike

This should be more of a common sense entry than anything, but if you’re walking down the street and see a motorbike with an entire family of four (and their dog) on it, it is illegal. According to Vietnamese law (and common sense), it is illegal to have more than two people sitting on a bike. Plus, you also need a licence to be able to drive or ride a bike on the road, just like in every other country in the world.

3. Stay Away from Funky Balls

Nitrous oxide, or N2O, should only be allowed to be traded and produced for industrial production and not to be licensed for human use, the ministry said in a statement on Wednesday.

The ministry said N2O was not included in the list of banned and restricted chemicals for medical use. At the same time, it was yet to receive any registration for drug or medical equipment that required this gas.

Nitrous oxide is capable of inducing feelings of euphoria due to its impact on the neurological system, and so can be used as a recreational stimulant. But overuse may lead to memory or sleep disorders and a tingly sensation at the extremities, among other effects.

At the moment, nitrous oxide is still listed as a chemical regulated by the Ministry of Industry and Trade with practical applications as an anesthesia in medicine among its uses. Violating regulations relating to its production or sale could result in fines of VND12-25 million ($515-1,070).

4. You Actually Need a Work Permit...to Work

law in vietnam

Contrary to popular belief, it’s actually technically illegal to work in Vietnam on a tourist visa. You’ll need a full-fledged work permit if you’re a foreign employee, and the maximum validity of one is two years. The work permit is usually handled by the company that hires you. To aid your application, you’ll need a degree, a letter of referral from a respected company, proven experience in your field and a valid health check.

5. You Need Money for a License to Start a Business

Of course that goes without saying for all businesses, but we’re not just talking about start-up capital here. According to Vietnamese law, you will need at least US$30,000 in the bank before you can get a license to start your own business.

law in vietnam

Now this will be a major issue for start-ups and online retailers who don’t need so much money to begin with, but that’s just the way it is here. Of course, there are some who start their business before registering and then pay once they have that amount sorted out, but this is playing with fire. All it takes is a jealous business rival and you’re in trouble.

When planning your business, it’s highly recommended to make sure you are in contact with a lawyer well-versed with Vietnamese law who can advise you on what to do and, if possible, speak to a CEO in the same field about his/her experience. For more helpful information, check out this site.

6. You Can Buy Property but Not Land

Ever dreamt of buying a nice plot of land to build a house, or a three-storey mansion so you can sit on your verandah sipping wine and reflecting on life? You can’t do it here.

Buying in Vietnam

According to Vietnamese law, you can buy a house but not the land. So you can still live that dream to buy a house, or a mansion, but the land wouldn’t belong to you and you will have to lease it. Land leases in Vietnam last a maximum of 50 years, after which you can renew the lease without the rent being increased. So yes, you can own the property as long as you lease the land but you can’t own the land.

7. It’s Illegal to Overwork Yourself

According to Vietnam’s Labour Code introduced in 2013, you are officially not allowed to work for one employer for more than 48 hours a week. This amounts to a maximum of 8 hours a day, or if you don’t work everyday, a maximum of 10 hours a day without being paid overtime.

If you are reading this now at 8:00 p.m. on a weekday on your office desktop, there’s a high chance you’re breaking the law. In other words, you should go home now.

8. Yes, the Legal Drinking Age Is 18

Drinking in Vietnam

This entry was made to clear any confusion about the legal drinking age in Vietnam. Yes, it is 18.

9. Know Your Probationary Period

Speaking of work, if you have just taken up a new job, your probationary period cannot exceed 30 days of employment with a position that requires professional or vocational qualifications and 60 days of employment with a position that requires a college-level qualification or above and just six days for all other cases.

You will be paid a minimum of 85 percent of that position’s official wage, so if you’re reading this and realise you’re being shortchanged at your current job, you know what to do!

10. You’re Not Allowed to Gamble

Gambling in Vietnam

Gambling, except in government licensed casinos, is illegal in Vietnam. Anyone found to be in violation of this law is subject to steep fines and/or a severe prison sentence. Access to licensed casinos is restricted to holders of foreign passports.

Alternatively, you could use that money for other not-so-illegal things.

11. Don’t Bring Your Pornography Over

It is illegal to import pornographic materials into Vietnam as pornography itself, including the production, distribution and possession, are all illegal in this country. Enforcement of this law really depends on your luck and the punishment varies between fines and detention. To be on the safe side, it’s better not to be walking around lugging DVDs of the dubious variety. The rationale behind this law is that pornography harms traditional Vietnamese values.

Laws Every Expat in Vietnam

12. You’re Not Allowed to Export Antiques

Fancy that vase that you saw in Da Nang that has been around for about 200 years? Bad news: you can’t bring it back home. Well, not unless you get a permit from the Ministry of Culture. It is illegal to export antiques from Vietnam without a permit, so your best course of action is to speak to the ministry to get further advice on what you can do if you really like that vase and can already picture it in your living room back home.

13. Don’t Do Drugs, Not Even in Vietnam

There seems to be a rather relaxed and nonchalant attitude about drug usage in Vietnam. After all, it’s not uncommon to catch a whiff of marijuana smoke wafting in the neighbourhood. But don’t be fooled – penalties for drug offences in Vietnam are severe!

Drugs in Vietnam

Under the Vietnamese penal code, a person caught in possession of even a small amount of heroin can be sentenced to death. There are actually foreigners in prison now serving life sentences or facing the death penalty for drug trafficking, and Vietnamese authorities have tightened their stand recently against drug-related offences.

14. Prostitution Is Illegal

This might surprise a number of you, but prostitution is actually illegal in Vietnam! It’s very common to see ladies of the night canvassing for customers, though – usually male tourists walking alone – and sometimes you’ll get the occasional shady-looking middle-aged man on a bike asking you if you want a massage. Yes, all those are illegal and chargeable offences.

On a more serious note, the Government is trying to crack down on sex-trafficking, especially when it involves the underaged. Although it will take time to eradicate this due to the numerous syndicates around, it is still a work in progress.

On a side note, I’ve discovered a simple trick to brush away those pesky bikers who keep harassing me for a massage – just yell “I’m gay” and watch them scoot off into the night immediately. You’re welcome.

15. Maternity Leave Entitlements

If you become pregnant, you are entitled to up to six months of maternity leave, with two of these months marked as compulsory. You will get 100 percent of your salary paid during that time and if you are carrying more than one baby, you are entitled to take an extra month of leave per child.

Maternity leave

Imagine having quadruplets – you’re pretty much not going to the office for almost a year.

16. No Drugs, No Weapons, No… Used Car Parts

There exists a list of prohibited items that you should avoid bringing into the country. Some are straightforward like drugs and pornography, like I mentioned earlier, but there are also some other additions to that list, and some are strange.

For example, no weapons, ammunition and explosive materials; no military equipment; no reactionary and “depraved” cultural products which could include T-shirts with a beer brand’s logo on it; no fireworks; no second-hand consumer goods (yes, apparently); no second-hand electrical and electronic household appliances; no goods that can cause environmental damage; no second-hand spare parts; no waste and disposable materials; no money amounting to more than US$5,000 without declaration; and, my personal favourite: no children’s toys that can detrimentally influence a child’s personality, education, social order, safety or disturb the peace.

However, you are allowed to bring no more than 400 cigarettes, no more than 100 cigars, no more than 500 grammes of tobacco, no more than 1.5 litres of liquor at 22 percent of volume and above (spirits) and no more than 2 litres of liquor below 22 percent volume (beers and wine). So it’s not all that bad, I guess.

17. Be Careful What You Shoot

For those of you into photography, or just like taking pictures in general, do take note that photography of, or near, military installations is generally prohibited. You might get your camera confiscated and be subjected to some serious questioning. Also, why would you be taking pictures of military installations in the first place?

Shooting in Vietnam

Another big no-no is taking pictures during demonstrations. If you’re taking a picture of a non-state sanctioned event, you’re unwittingly putting yourself into a situation of being part of the demonstration which can get you in serious trouble, especially if you’re a foreigner; we’re looking at potential detention or deportation. So just stay away from demonstrations, let alone take pictures of one.

18. Things to Not Bring on Your Way Out

Now that you know what not to bring in, here’s what you can’t bring out of Vietnam: weapons, ammunition, explosive materials, military techniques equipment and effects; antiques; drugs of all kinds; toxic chemicals; wood, logs, timber, preliminary processed wood of all kinds; rotten materials (why would you even?); wild, or precious, and rare animals and plants; and money amounting to more than US$5,000 without declaring it.

19. Legal Age for Marriage Is…

Twenty for men and eighteen for women. Of course this information was added just in case…

laws in vietnam

20. Don’t Linger Too Close to the Border

Earlier I mentioned that you’re not allowed to hang around near military installations. This law also applies to an area that is close to the border. If you’re planning to visit a village, commune or ward that is close to one, you may need to get permission from the provincial police department. Also always ensure that you have an ID with a photograph of you. This is not a suggestion, it’s an actual law.

So there you have it – 20 Vietnamese laws that every foreigner in this country should know. Always remember to err on the side of caution when dealing with any of these issues. There have been cases where foreigners got detained and their passports confiscated, and prisons in Vietnam aren’t exactly the best environment for one’s physical or mental well-being. So stay safe and stay out of unnecessary trouble.

Banner Image source: chiasemeohay.com


Developers, District 9 Is Up for Grabs!

By: Keely Burkey

For developers, much attention falls on one particular sector: District 9, a 114 k2 block of land which lies on top of District 2. Many reasons draw their attention to this uprising section: the land is cheap, the parcels are large and as of now, not much of it has been seriously developed.

Although land development stopped in this space during the global financial crisis of 2007 and 2008, recently builders have seen a major upswing in market interest for district 9. Troy Griffiths, the Deputy Managing Director for Savills Vietnam, explains the area’s current situation. “To be honest,” he admitted, “I think that District 9 is starting to run out of these large available parcels of land.”

District 9

If you look at a map of Ho Chi Minh City, you’ll notice something striking: the districts in the centre of the map, like Districts 1, 3 and 4, are smaller than the outlying districts, like Districts 9, 12 and Binh Tan.

This development is normal, and follows established historical patterns seen in other cities, like Paris and London. When transportation was limited, districts needed to be smaller. Now that we have motorbikes, cars and a metro on the way, larger spaces can be carved onto the map; and it’s these larger spaces that are catching the eye of developers and real estate consultants not only across the country, but also across the world.

Expansion Plans

Griffiths shares his view on this development strategy. “It’s the pattern of the city’s development,” he said. “There are nodes with density that have grown and then become filled and occupied so that developers are now having to look for cheaper land. And this pushes them further and further away from those established nodes.”

District 9 apartment

And who’s taking advantage of it? “Everyone,” Griffith asserted. “You’ve got the local developers and then you’ve got your internationals, your Keppels and your CapitaLands.”

Land Grab

The parcels of land might be sold with ease, but that doesn’t mean that District 9 will be the new District 1 in a year’s time. The Vinh Tran, an employee at the Ministry of Construction, recently reported that although the government has a large stock of land in District 9, that is the way it will stay in the foreseeable future.

Rather than developing the stock, the city municipal department, along with other companies who have invested in District 9’s land plots, prefers to bide its time for the moment, focusing on other projects closer into the city. One big reason for this seems to be transportational issues. The construction of the metro is a big topic in Ho Chi Minh City at the moment, and even now, years before the metro will be finished, it’s affecting real estate prices.

As VietnamNet reported, 37 percent of apartment units for sale are along the Metro Line No.1, which connects Ben Thanh Market to Suoi Tien Park in District 9. When you add the metro to the recently completed Ho Chi Minh City-Long Thanh-Dau Giay highway system, a 55-kilometre-long road that connects District 9 to District 2 and Dong Nai, it’s clear that developers see big plans for this district.

District 9 industrial zoneImage source: zing.vn

District 9’s Top New Projects

Condos

Name: Sun Tower; Developer: N.H.O. Khang Viet; Year of Completion: 2018; Units: 379; Price: US$650 per square metre.

Name: Him Lam Phu An; Developer: Him Lam Land; Year of Completion: 2017; Units: 1,092; Price: US$900 per square metre.

Villas and Townhouses

Name: Lucasta; Developer: Khang Dien; Year of Completion: 2019; Units: 140; Price: US$800 per square metre.

 


Designing a Luxury Hotel with KAZE Interior Design Studio

By: Katie Kinnon & Molly Headley

Create a concept; mood and function first

Planning a project at KAZE Interior Design Studio, District 2

How to Create Comfort in KAZE Interior Design Studio’s Projects

The Finished Interior Design Project

Creating an Interior Design Concept in Vietnam

What do you want to feel when you walk into a top hotel? This is one of the first questions that the team at KAZE Interior Design Studio asks themselves when they start creating interior design and architectural concept for a new project. Is the hotel meant to create a mood of bespoke luxury or minimal tranquility? Who are the expected guests and how will the lighting, furnishings, flooring and colour scheme transport them?

A hotel is, after all, part of a journey, a place to get away, whether for business or pleasure. A good interior design studio creates that journey from the first sketch to the moment that the final piece of artwork is placed on the wall.

KAZE Interior Design Studio

KAZE Interior Design Studio in Ho Chi Minh City is the leader in luxury interior design in Vietnam and Cambodia. In addition to a broad design portfolio including residential, food and beverage establishments, and office spaces, the studio has taken on massive hospitality projects, which have brought numerous awards to the studio. Vinpearl Resort & Spa Long Beach in Nha Trang, Renaissance Riverside Hotel in Saigon and Courtyard by Marriott Phnom Penh are a few notable names on a list of more than 100 projects.

Fong-Chan Paw Zeuthen, Founder of KAZE Interior Design Studio, was brought up and educated in Denmark where, she explained, the design approach is very different to that of Vietnam. For a hotel designed for a Vietnamese market, she said that she would avoid using too minimalistic of an approach because the clientele would feel like something was missing. Instead, she tries to give finished projects a Vietnamese flair that local clientele will also enjoy.

First Steps in the Design Process at KAZE Interior Design Studio in HCMC

The Client Brief

Fong-Chan explains that with her years of experience she has come to quickly understand her clients psychologically and often knows what they want more than they do. She will offer recommendations on how the concept can be improved after receiving the brief. Fong-Chan will then return to the KAZE headquarters where the whole team will sit around the large table in the meeting room and discuss how to implement the project, always focusing on a “function first” approach. This approach means that aesthetics are only considered once space’s use is decided upon.

KAZE Interior Design Studio

The Planning Process

This is when the ideas go from the brainstorming phase to reality. The office becomes a hive of energy as project designers sketch plans and junior designers figure out how to create the right ambiance. Fong-Chan explains that her team is passionate about what they do and that’s why KAZE is a success. “Being a good designer comes from inside, you put your heart and soul into things you care about”, she reiterates.

Fong-Chan states there are four parts to every project, the statement of purpose, layout, ambiance, and storyboard. When executed correctly, interior design can make people feel a certain way. For example, the purpose of a reception area in a hotel is to welcome guests and so the way furniture is positioned, the brightness of lights and even the scent (which are often created specifically for the brand) create an ambiance of warmth, comfort and relaxation.

KAZE Interior Design Studio

3D renderings are essential for each project. They need to be self-explanatory and easy to understand. However, they can be difficult to get right due to the level of precision needed. It can be hard even for good designers to see things in 3D. A designer needs to be able to describe what the space will look like down to the tiniest detail, like where a coat hook will go. This helps to create a full picture of how everything will be pieced together. The 3D renderings are literally the map that will be used to build the project; therefore, nothing should go into the rendering that cannot be created in reality.

How to Create Comfort and Beauty; The Vietnam Hotel Design Challenge

Every designer has a different way to approach a design. Fong-Chan tries to use a modern holistic approach when she designs any space. This is especially important when it comes to a project like a hotel where the success of the project is tied directly to how guests feel when they are within the space. Her design projects focus on what makes people feel good, using psychological experiences rather than just aesthetics.

Designers need to work out the proportions of the room as well as what will be in it so that when it is built an individual can walk around a room without bumping into anything. The team also research how people will interact with the space, ensuring it is ergonomically friendly in every detail. For example, if a guest wants to flick on the lights, where should the light switch be? If it is at the right height and in an intuitive location then the designer can choose a subtle design so that the switch doesn’t ruin the aesthetic of the wall design. If the switch is too hidden and in the wrong place, guests won’t care about the beauty of the design, they will be too caught up in their feelings of frustration. Some designers get so caught up in their vision that they create functionality problems that will end up marring the hotel’s TripAdvisor page with bad reviews based around comfort, soundproofing, and the user experience.

KAZE Interior Design Studio

KAZE interior design studio puts a lot of love and care into the materials they use. The way Fong-Chan describes her process is akin to that of a chef creating their favorite dish. She becomes excited when speaking about why wood is used in one instance, but plastic is used in another and the different finishes that are available for each material. It is important for Fong-Chan to use local materials because construction workers know how to work with them and look after them properly. This also helps the project’s sustainability as expensive materials don’t need to be imported.

Completing a Hotel Interior Design Project in Vietnam

Fong-Chan explains that KAZE only works with people they know and trust. From construction workers to cleaners “when people have a good relationship with each other they will go the extra mile.” This is important because the biggest hurdle to completing an interior design project is to meet final deadlines.

KAZE Interior Design Studio

During the construction process, KAZE interior design studio office often goes into a frenzy of activity, with project plans and Gantt (production timeline) charts being thrown into the bin and new ones being created. Sometimes, Fong-Chan admits, the end of a project can feel like an unattainable dream. However, when the hotel or resort is finally finished and Fong-Chan walks through the completed space with the client, she always feels a sense of pride at what the team at KAZE Interior Design Studio has achieved.

Image source: KAZE Interior Design Studio


Top 10 Real Estates Websites in HCMC

By: Luke Nguyen

Buying, selling or renting a house in Vietnam, easy though it sounds, can be a challenge for a foreigner. The country’s real estate transactions have been based heavily on the traditional method of having an agent (or “co” - the housing stork) do all the work. People are now becoming more proactive in their choice of creating a home and taking advantage of online information to save costs and time.

Here are our top 10 picks for quality real estate websites in Vietnam. Despite the fact that only a limited number of them have a proper English interface, their information is valuable and can be translated easily using Google Translate.

Check out the 10 sites below:

1. batdongsan.com.vn

When it comes to housing and real estate, Bat Dong San is no doubt the number one portal in Vietnam. With the largest amount of information in its field, continuously updated and presented professionally in both Vietnamese and English, it satisfies a wide range of enquiries from visitors. Besides real estate information, it also provides visitors advice on architecture, construction, interior and exterior decoration, legal issues and feng shui.

2. muabannhadat.vn

With a friendly website layout, Mua Ban Nha Dat is a great source providing online solutions for marketers and real estate brokers. For investors, brokers and individuals who are active in the field, this site is one of their first choices to get quick market updates and details on upcoming real estate projects all over the country with a few quick clicks. The only downside is that they don’t have an English user-friendly interface, but as mentioned earlier, Google Translate can be a good way to explore.

3. zita.vn

Zita is one of the newest additions to the Vietnamese real estate field. With its clean, sleek layout including a city view home page video, Zita sets itself apart from the other competitors. The information on the site is presented beautifully with a neighborhood browsing feature and an interactive map for visitors.

4. dothi.net

Do Thi provides the fastest and most accurate market information in Vietnam. Through the advanced site browser, users can find all about buying, selling, renting across all provinces and cities in the country. News and featured projects sections are updated daily to keep visitors informed on the latest buzz in the field.

5. nhadat24h.net

Nha Dat 24h specialises in online real estate transactions, featured VIP promotions, advertising updates and latest market news.

6. 123nhadat.vn

With over 2 million real estate listings and an average of 5,000 housing posts per day, 123 Nha Dat provides market information, and post-purchase education and lease-free housing. Users can search for land, houses and apartments.

7. cafeland.vn

Cafeland is one of the leading real estate sites in Vietnam. Besides housing information, the website also provides up to date news and market analysis from experts in the field. The site also has a portfolio section which provides key details on real estate with specific and neatly presented information.

8. diaoconline.vn

Dia Oc Online aims to contribute to the sustainable growth of information-sharing and real estate infrastructure in Vietnam. Besides housing listings and information, consultancy on decoration, interior design and feng shui are also provided to users for reference. The featured agents section is also very interesting and informative.

9. dinhgianhadat.vn

This website lives up to its good name by providing qualified property valuation software to assist customers with making buying decisions easier. Besides real estate news and tips, Dinh Gia Nha Dat also features a cheap land and housing section and a promotion and auction space for buyers and investors.

10. kenhbds.vn

Kenh BDS supplies a wealth of resource materials for home buyers and sellers for big cities in Vietnam. The website is presented so that both buyers and sellers can make the most of its user-friendly interface and information.


Ibis Saigon Airport: A New Flagship for AccorHotels in Vietnam

By: Arik Jahn

The First International Brand to Open an Airport Hotel in Ho Chi Minh City

HO CHI MINH CITY, Vietnam — With an electrifying event, ibis Saigon Airport, AccorHotels’ brand-new hotel sitting right next to Ho Chi Minh City’s Tan Son Nhat International Airport, celebrated its grand opening on 24 March 2017. Ibis Saigon Airport is the latest addition to AccorHotels’ vast hospitality network in Vietnam.

Ibis hotel

Over a hundred guests, including Ho Chi Minh City officials, representatives from AccorHotels and the hotel’s owner company Hado Group attended the event, which paid tribute to ibis Saigon Airport with an opulent buffet, contemporary dance performances and a rooftop party.

“A Milestone for the ibis Brand”

The ibis Saigon Airport’s major asset is its strategic position: a mere 500 metres from Tan Son Nhat International Airport, the gateway to Ho Chi Minh City and all of Vietnam. Xavier Cappelut, Accor’s regional Director of Operations for Middle Scale & Economic Brand Hotels, praised the hotel as “a significant milestone for the ibis brand” thanks to its one-of-a-kind location.

Ibis Saigon Airport is a haven of hospitality tailored to corporate travellers and all those looking for “Value for Money”. With its functional and stylish travel-themed design and an outstanding 24-hour food and beverage service at the in-house Oopen restaurant, this hotel truly honours ibis’ slogan, “Well-being at the best price”.

ibis

As the first international airport hotel in Ho Chi Minh City, ibis Saigon Airport goes beyond the usual amenities of the economy sector. Its room typology – standard rooms, family rooms, studios, as well as one and two-bedroom apartments – is unrivalled in the budget segment, catering to the individual needs of each and every guest, from corporate clients to travelling families, from short-stay to long-stay visitors.

INTERVIEW WITH ORESTE TRAETTO, GENERAL MANAGER, IBIS SAIGON AIRPORT

Question: What makes ibis Saigon Airport the first choice for business travellers in Ho Chi Minh City?

Mr. Traetto: Our hotel is strategically tailored to business travellers. Our Oopen restaurant is open 24 hours and we are the only international hotel chain offering a breakfast service from 4 o’clock in the morning until 12 o’clock [in the afternoon]. So if you have an early flight to catch, you will be able to grab some food, get a coffee, hop on our free shuttle to the airport and you’ll be there in five minutes.

ibis oopen

Or imagine you are a businessperson, and had a hard working day. At ibis Saigon Airport, we provide you with all the facilities to truly reenergise you. What is very important to us is the ibis ‘sweet bed’ that can give you a really good rest. We have incredibly good feedback from our clients about it. And all that, I believe, shows how we really cater to the customers’ needs.

Question: You are very proud of ibis Saigon Airport’s in-house venues. Can you tell me a bit more about them?

Mr. Traetto: Today, travellers, even though they stay for a short amount of time, they want to optimise their stay. Now, with The Hub, ibis Saigon Airport has the only rooftop bar in  Tan Binh District. When you finish your work, you go upstairs, get a beer and enjoy the view of landing airplanes. We have a pool, we have a steam bath, we have a sauna, we have a gym – this is definitely what gives us the opportunity to attract a specific segment of clients. We provide our guests with a place to relax.

We are, if I may say so, part of the new generation of ibis hotels.

ibis hotel view

INTERVIEW WITH XAVIER CAPPELUT, DIRECTOR OF OPERATIONS FOR MIDDLE SCALE & ECONOMIC BRAND HOTELS, ACCORHOTELS

Question: AccorHotels is home to many brands. Why did you choose the ibis brand for this particular project?

Mr. Cappelut: I think this is a very unique location. The guests who choose to stay close to the airport have very specific needs. They might be in transit for a few hours, they might be spending their last night in Vietnam after a trip. We believe the level of comfort provided by ibis is just the right amount for these specific customers.

And the beauty of a brand like ibis is: you can travel anywhere in the world, you will find the same layout, the same service, the same comfort. Guests choose ibis because they know exactly what they can expect. That’s a guarantee that we provide to our customers. And they appreciate it.

Question: Vietnam is a country with an immense potential for tourism. How does ibis Saigon Airport serve this very particular market?

Mr. Cappelut: Vietnam is very important to us as a group. We, AccorHotels, have been in Vietnam since 1991. Back then, we were the only international hospitality company in Vietnam. That shows how committed we are to Vietnam as a business location.

And today, this country is developing at a dizzying pace. Last year, there was a 26% increase of international visitors and a 9% growth in the domestic market in Vietnam.These are incredible numbers.

And of course, we try to attract Vietnam’s domestic guests. The ibis brand perfectly caters to them because it is a functional, but full-service product that offers “Value for Money”.

Ibis Saigon Airport is quite simply the right product in the right place at the right time. And it is highly visible. In fact, we couldn’t be more visible than here at the airport. In that sense, ibis Saigon Airport is Accor’s flagship in Vietnam.

ibis hotel room

AccorHotels’ journey in Vietnam is far from over. In the next two years, the group plans to open another 12 hotels all over the country, which will bring its total portfolio to 36. But thanks to its eminent location next to one of Vietnam’s most important travel hubs and its many amenities, ibis Saigon Airport is undoubtedly a go-to for all Ho Chi Minh City-bound travellers.

 


The Foreign Investor Guide to Real Estate in HCMC

By: Eric Le Dreau

Are you a foreign investor and want to know about real estate laws in HCMC? Confused by the new Property Law? Indochina Legal clears up the confusion:

One of the most notable changes introduced by Vietnam’s new 2014 property law and its regulations is the revision of the right for overseas Vietnamese, foreign individuals and organisations to own residential houses, as follows:

Overseas Vietnamese (or Viet Kieus) can now own residential houses in the same way as Vietnamese citizens without further residency requirements or any limitations on the type or quantity of houses, or the terms of ownership. They must hold a valid passport with an entry verification stamp marked by the Vietnamese Immigration Department (VID) and a document evidencing their Vietnamese origin.

Foreign individuals have the right to own residential houses, subject to certain restrictions as compared to Vietnamese citizens and Viet Kieus. In order to own houses, a foreigner is required to have a valid passport with an entry verification stamp marked by the VID and cannot fall under diplomatic or consulate preferences and immunities. Requirements of residency, investment in Vietnam, work permit, social contribution and/or marriage to a local Vietnamese is not necessary for residential housing ownership. However, as to ownership duration, foreigners married to Vietnamese citizens or to Viet Kieus are entitled to an indefinite term, whereas foreigners who are not can only own residential housing for a period of 50 years. This can be extended for another 50 years, subject to approval by the provincial People’s Committee where the house is located. Unlike other foreigners, those who are married to Vietnamese citizens are also exempt from notifying the housing administration authority at the district level prior to leasing their houses to others. Apart from that, the new legal framework grants foreigners the same rights of Vietnamese in the cases of subleases, mortgages, etc. of residential housing.

real estate in hcmc

Photo by: Manh Hai

Foreign organisations are allowed to own houses provided that (i) ownership term shall not exceed the period stated in their investment certificates issued by Vietnamese competent authorities, including any extensions; (ii) use of the houses is for residential purposes only, for their personnel; and (iii) lease-out of the houses is not permitted.

It is worth noting that foreign organisations and individuals shall not collectively own more than 30% of the total number of apartments in an apartment building or not more than 250 separate houses in an area where population is equivalent to that of a ward. In addition, house ownership beyond real estate projects (e.g. a villa built by individuals) is not allowed. For national defense and public security purposes, foreign individuals and organisations cannot own houses in certain areas. With respect to these limitations, the local Department of Construction will publish on their official website the projects where foreigners cannot own houses, detailed numbers of apartments or separate houses eligible for foreign ownership, and the number of houses where foreign ownership has been recorded. To our understanding, the database is not yet completely developed for all cities and provinces in Vietnam. Meanwhile, payment for purchase or lease of residential houses shall be made via credit institutions operated in Vietnam. So far there has been no specific instruction on foreign exchange control for relevant inbound and outbound foreign funding of residential housing.

Despite certain remaining limitations, the NHL has provided a more open approach to ownership of residential housing for foreigners. The hope is that these changes will ultimately defreeze the real estate market and create a new wave of foreign investment in Vietnam.

Website: www.indochinalegal.com


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