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BANGKOK 18 August 2019 17:52
murraynz

buying condo in vietnam and required visas

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 I  am thinking about buying a condo in NHA TRANG, but, at this stage, i know nothing about laws for foreigners buying property in vietnam..

 I own a very nice condo at cosy beach pattaya, but thinking about spending a month or so, several times a year in nha trang...

when/if i buy, i would be 72yrs old excellent health...

1/   are condo prices cheaper than pattaya ?? { i would buy something quite fancy}

2/  im only interested if i can get 100% legal ownership.

3/ is it easy to open bank account in vietnam ??

4/  what is the best type of visa, required for this situation?{i have multi entry non OA  retiremnt for thailand...leave 800k in the bank account...

5/ do condo values in nha trang increase or fall ??

6/  can any body suggest any other areas that may be suitable to live{i didnt like da nang much}

    i like nha trang beach, but also like night life with ladies etc...and good choice of restaurants.

7/   how does cost of living compare to pattaya ??

 

no sarcastic replies thanks,   no replies from misery guts bored people....thanks..

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Stop wasting our time and just Google your questions. Nothing but a self service post.

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1 hour ago, rjwill01 said:

Stop wasting our time and just Google your questions. Nothing but a self service post.

you sound very sick and sad...

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57 minutes ago, Edheres said:

Not sure why you'd tie up cash by buying a place either in Thailand or in Vietnam.  I'm 73 and calculated the break-even between cash for a condo and rent.  Breakeven exceeded my life expectancy by a bunch.  Makes sense to buy a place if you're younger, but even then, without financing available (and no tax benefit even if it were), the cash outlay, transaction cost and maintenance exposure make it a little dicey.  Given the ever-changing Immigration rules, "cash is king" seems to make sense - conserve it.

thanks for your opinion--i do have very ample cash generated from comm property investments.

ive moved around a lot, as i used to buy 'do-up " houses in nz, so now, i actually like to have a place that i can call 'home'...the cost of condo in vietnam or thailand, is peanuts compared to cost of house in nz or australia...

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1 hour ago, Edheres said:

Not sure why you'd tie up cash by buying a place either in Thailand or in Vietnam.  I'm 73 and calculated the break-even between cash for a condo and rent.  Breakeven exceeded my life expectancy by a bunch.  Makes sense to buy a place if you're younger, but even then, without financing available (and no tax benefit even if it were), the cash outlay, transaction cost and maintenance exposure make it a little dicey.  Given the ever-changing Immigration rules, "cash is king" seems to make sense - conserve it.

 

 

Just because you are old and wouldn't do it, doesn't make it wrong.

 

Personal decision - especially when others may have more tut than you.

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1 hour ago, Edheres said:

Not sure why you'd tie up cash by buying a place either in Thailand or in Vietnam.  I'm 73 and calculated the break-even between cash for a condo and rent.  Breakeven exceeded my life expectancy by a bunch.  Makes sense to buy a place if you're younger, but even then, without financing available (and no tax benefit even if it were), the cash outlay, transaction cost and maintenance exposure make it a little dicey.  Given the ever-changing Immigration rules, "cash is king" seems to make sense - conserve it.

You are one of the few that was wise.   That's exactly why I did not buy outside the US.  Hassle free I can make min 11% average 22%/yr on ETF, mutual funds, or trading equities.  

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Not wishing to hijack the thread, but does anyone know...

 

If I take Thai baht to Vietnam, can I easily exchange it? I took Thai baht to the Philippines and no bank would touch it. I had to exchange at the hotel we stayed at, which actually gave a very good rate. 

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4 minutes ago, Bert Jones said:

Not wishing to hijack the thread, but does anyone know...

 

If I take Thai baht to Vietnam, can I easily exchange it? I took Thai baht to the Philippines and no bank would touch it. I had to exchange at the hotel we stayed at, which actually gave a very good rate. 

sorry, i read your post incorrectly--im only guessing , but im sure that you would be able to change thb.

i usually just withdraw cash from c card at airport, but thats a more expensive way of doing it.

ive read--its better to exchange thb for viet dong in thailand,say at superrich at airport.

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Thanks Murraynz, ... its just that the Thai baht is strong against the Dong - and I have Thai bhat in cash. I won't be going until maybe next February so all could change exchange wise...I'm just googling on how to obtain a 6 month visa on arrival - looks quite straight forward, unless I'm on a scamming site...any experience ?

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1 hour ago, Bert Jones said:

Not wishing to hijack the thread, but does anyone know...

 

If I take Thai baht to Vietnam, can I easily exchange it? I took Thai baht to the Philippines and no bank would touch it. I had to exchange at the hotel we stayed at, which actually gave a very good rate. 

 

 

I had trouble in Da Nang a couple of years ago.

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