Industry Spotlight | The Vietnam Real Estate Investment Roadmap for Foreign-Invested Developers

 

Vietnam’s real estate sector continues to attract significant foreign interest as the country implements the Investment Law 2025, Land Law 2024 and related decrees. For foreign-invested developers, navigating market access, investment policy approval, land acquisition routes and the commercial-housing pilot under Resolution 171/2024/QH15 remains a critical practical challenge.

In our latest Industry Spotlight, Mr. Pham Viet Tuan, Partner | Head of Litigation & Dispute Resolution, Real Estate & Construction, and Mr. Ton That Hoang, Associate, provide a clear working roadmap for foreign-invested developers seeking to acquire land and bring a real estate project to market in Vietnam.

Key Highlights of the Report:

  • Eight-stage roadmap – from market-access screening and choice of vehicle through Investment Policy Approval (CTCTDT), land-access routes, registration, perfecting the land title, planning, design and permits, construction and commercial operation
  • Investment Policy Approval decision tree – sequential tests under Article 24 of the Investment Law 2025, provincial bidding lists and foreign-investor status
  • Land-access options compared – State allocation, auction, bidding selection and negotiated agreement, including the five-year commercial-housing pilot under Resolution 171/2024/QH15 and Decree 75/2025/ND-CP
  • Foreign-investor guardrails – market-access conditions under Decree 96/2026/ND-CP, real-estate business scope and foreign end-buyer caps
  • Practical timelines and authorities at each stage under the current legal framework

As Vietnam continues to refine its investment and land regime, a structured understanding of the legal pathway is essential for foreign developers planning projects in the country.

Stay tuned for more industry insights as Indochine Counsel tracks developments across key sectors.

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