Can Canadians Buy Property in Vietnam?

Does being Canadian change the answer? No.

This is the first thing to get straight, because most of the internet gets it backwards. Vietnam law does not sort foreign buyers by nationality for this asset. A Canadian buyer, a British buyer and a Singaporean buyer face the identical rule. Your passport is not the variable. What varies is the route your money takes to get there and what your own tax system does about it afterwards, and that is what the rest of this page is about.

What you can own, and what you cannot

You can own an apartment: the dwelling on a 50-year renewable term, inside a building’s 30% foreign cap. You cannot own the land, which the state holds. That line is not negotiable and no structure sold to you as a way around it is safe. Read the full ownership rules before you form a view on any particular building.

The money leg, from Canada

Ownership is of the dwelling and not the land, for a fixed term, and only inside a building that has foreign quota left. The Pink Book is the document that proves it, and the remaining term is what a future buyer is purchasing. How the transfer works is worth reading before you commit to a price, because the wire is the part that decides whether the exit works.

The Canadian-specific constraint. Canadian residents are taxed on worldwide income, so foreign rent is reportable at home alongside whatever the local system takes. Holdings above a reporting threshold bring a foreign-property disclosure with them, and that obligation is about the asset, not the income it produces.

What your own tax system does about it

Tax is paid where the property is, and then again considered where you live. Canadian residents are taxed on worldwide income, so foreign rent is reportable at home alongside whatever the local system takes. Holdings above a reporting threshold bring a foreign-property disclosure with them, and that obligation is about the asset, not the income it produces. Confirm the current foreign-property reporting threshold and whether your holding crosses it, and how foreign tax credits apply to tax paid locally with an adviser who handles both sides — not with a sales agent, and not with this page. What the local side costs is set out in the Vietnam tax guide.

Does buying get you a visa? No.

Buying property in Vietnam does not grant residency, a long-stay visa, or a right to work. Anyone telling you otherwise is selling something. Visas and property are separate systems and should be planned separately.

What Canadian buyers get wrong

The same three things, in the same order. They treat the brochure yield as the real one and never subtract the running costs. They plan the purchase and not the exit, so the first time anyone thinks about getting the money back out is when they want to sell. And they let the money leg be arranged by whoever is selling them the property, which is the one part of this that should never be outsourced to the counterparty.

Frequently asked questions