Renting a Property
International driving permits are not valid in Vietnam. Those who wish to drive in Vietnam should contact any office of the Provincial Public Transportation Service of the Vietnamese Department of Communications and Transport to obtain a Vietnamese driver's license. An international driving license can, and must be converted, but the document must be translated and notarised, which sometimes is a protracted procedure
Room: > US$ 350/ month
A lot of rooms, equipped or not, are for rent. Comfort will be just ok but at that price you can expect a clean place. Most of the time, you won’t have air conditioning but a fan. For a minimum of US$ 350/ month you can get a central address. Make sure that the people who rent you the place have the legal paper to do it.
Apartments & Houses: > US$ 600/ month
Ideal to feel really at home, alone or with one’s family, you will have the choice between two kinds of place: Vietnamese architecture with long house or more recent house/ occidental style house. Central address for an apartment is at least US$ 800/ month and US$1000/ month for a house. Again, make sure that the people who rent you the place have the legal paper to do it
Private residences: + US$ 2000/ month
For this price, you get calm, security and services such as sport, entertainment, food, nursery etc.
For those who can afford or top executives (To be negotiated with you company).
Villas: + US$ 2000/ month
Alternative to the serviced apartments if you come with a family, it is the ideal solution if you want to really feel at home. Some areas like An phu in Saigon or Tay Ho in Hanoi are famous expat areas where you should find the ideal villa.
Serviced apartments: + US$ 2000/ month
Special life style for special people...You will benefit from the services of a 5 Star Hotel: SPA, fine food, fitness center with private classes etc… A must for V.I.P
Note: Most property companies share the same database of property listings. If you approach many agents at the same time, very likely that they will show you the same property. Much confusion and embarrassment will arise if you engage many agents. Save valuable time for yourself and the agent. Only if unresponsive or not showing the correct property you wanted, then start to look for another agent.
Buying a Property
While actual land ownership is not possible at this time for non-Vietnamese, it is possible for anyone to obtain a 50-year Land lease and build/own a house. It is absolutely advisable to hire proper legal counsel before engaging in the purchase of these leases. Property values despite the downward trend, which began in late 2005, are still quite high in the cities. In Central Saigon, prices for top locations were comparable with major international cities such as New York, London, and Tokyo whereas countryside and non-prime properties are rather inexpensive. Mortgages are available to native Vietnamese however most properties are paid for in full using gold bullion in the form of Taels (slightly more than an ounce). Always check with a licensed real estate company who should also be able to refer you to a qualified and reputable attorney for help.