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With a significant population of 95 million people, Vietnam is the third most populous country in Southeast Asia. While the country maintains certain stringent regulations in place, foreign investors can buy properties in Vietnamese towns, cities and neighbourhoods of different sizes.

Foreign investors are particularly fond of buying properties in Ho Chi Minh City (Saigon) or Hanoi. And the rest prefers to purchase properties in beachfront cities and resorts like  Da Nang, Nha Trang and Hoi An.

Also expats can buy properties in smaller, less populous cities - and Vietnam has more than a dozen of cities with at least a few hundred thousand residing in them.

With that said, here are the best places to invest in property in Vietnam in 2024

Ho Chi Minh City 

Ho Chi Minh City, commonly known as Saigon is one of Asia’s fastest growing cities and the largest urban area and commercial hub in Vietnam. Its vibrant streets witness a constant influx of new businesses, particularly construction activities.

The city has 19 inner districts and 4 suburban districts and act as a pivotal gateway for important business dealings in Vietnam. This attracts a wide range of expats, entrepreneurs, investors, and retirees, due to its thriving real estate market.

District 1

District 1 in District 1 in Ho Chi Minh City is bustling with business, commerce, and finance  with soaring business prices.  Hotels, offices and other skyscrapers occupy some of the most sought-after real estate in the country.

However, prices decrease as you move from the Bitexco Tower and the river, where more properties are available on sizable budgets. 

District 2

Located on the other side of the river from downtown Saigon, District 2 offers a high-standard lifestyle with spacious homes in gated communities, ideal for families and affluent individuals. Also, District 2 is home to some of Vietnam’s top-notch international facilities, upscale restaurants, and shops.

District 3

Centrally located in Saigo, District 3 is considered to be the city’s most ‘hippest’ and upscale neighbourhood. Since it is near to restaurants, bars and other amenities. District 1 is popular among expats.

Though property prices are still high in this area, they are lower compared to District 1, offering ample investment opportunities for foreign investors.

District 5 & 10

Situated close to each other, Districts 5 and 10 are not far from District 1. This area replaces the prices of restaurants and stores in City Center with street food, markets, and lower housing prices. Despite fewer western amenities, the area boasts some of the top universities and famous temples.

Hanoi 

Hanoi is the nation's capital and the second largest city, with a noticeably different feel than Ho Chi Minh City. Hanoi is on the low rise, and because it's the political centre of Vietnam, it loses out on many ex-pats and businessmen.

Despite fewer expats, numerous embassies, NGOs, and start-ups do help, though -  

Making it a potential hub for investors targeting local demographics over expatriates.

Tay Ho

Favoured by Vietnam’s political elite and foreign ambassadors, Tay Ho is one of the premier residential areas known for its large and guarded houses. Translated into English as “West Lake”, Tay Ho offers a tranquil ambience and is just a short drive away from Hanoi’s downtown and the nation's political centre.

Hoan Kiem

Hoan Kiem, named after its central lake, is famed as Hanoi's old quarter and a top tourist destination. People enjoy Hoan Kiem’s vibe. Properties in this small and centrally located area are owned by long-standing local residents. 

Hai Ba Trung

Situated south of Hoan Kiem, Hai Ba Trung enjoys easy access to Hanoi’s commercial hub, restaurants and other amenities.  

Locals in Hai Ba Trung refer to properties as HBT - and they are readily available. This area is witnessing rapid growth, with new cafes and restaurants opening up every month. Also it is oe of the fastest growing areas in its central core.

Da Nang

A bustling coastal city with over a million residents, Da Nang is the third-largest city in Vietnam. It is one of the most popular areas for affluent foreign investors and retirees, and you'll find the best properties for investment In Da Nang Vietnam. Even though it is smaller in size compared to Hanoi or Ho Chi Minh City, there are more branded residences compared to both these cities. 

International brands like Sheraton and Hyatt have set up condotels in Da Nang  and it houses some of the most priciest properties in Vietnam. 

Similar to other beachside cities, you can find luxury property in Da Nang along the coast with beautiful ocean views and the scenic Han River.

There are also other places to look for property in Hanoi, such as  Nha Trang, Dong Da, and more. If you want help locating good properties in Vietnam, then Richta House can be your trusted partner. With 10 years of experience, our expert team has been helping foreign investors make profitable investment opportunities in Vietnam. We take care of the complex legal processes and due diligence involved while you enjoy the beauty of Vietnam.