murraynz Posted July 18, 2019 Share Posted July 18, 2019 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.. Link to comment Share on other sites More sharing options...
rjwill01 Posted July 18, 2019 Share Posted July 18, 2019 Stop wasting our time and just Google your questions. Nothing but a self service post. Link to comment Share on other sites More sharing options...
Jip99 Posted July 18, 2019 Share Posted July 18, 2019 18 minutes ago, rjwill01 said: Stop wasting our time and just Google your questions. Nothing but a self service post. A very helpful contribution............................... not ! Unfamiliar with the purpose of a forum ? Get a life. Link to comment Share on other sites More sharing options...
Edheres Posted July 18, 2019 Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
ballpoint Posted July 18, 2019 Share Posted July 18, 2019 Foreigners can buy up to 30% of the condos in a building, up to 10% of houses in a gated compound, or up to 250 houses in each ward (district). However, as land (in theory) belongs to all Vietnamese, and is "managed" by the government, you will only be given a 50 year lease, which is renewable, but may involve "buying" the property all over again. Link to comment Share on other sites More sharing options...
murraynz Posted July 18, 2019 Author Share Posted July 18, 2019 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... Link to comment Share on other sites More sharing options...
murraynz Posted July 18, 2019 Author Share Posted July 18, 2019 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... Link to comment Share on other sites More sharing options...
Jip99 Posted July 18, 2019 Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
mike787 Posted July 18, 2019 Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
Bert Jones Posted July 18, 2019 Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
murraynz Posted July 18, 2019 Author Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
bkk6060 Posted July 18, 2019 Share Posted July 18, 2019 I would say yes, check online to be sure. But with the hordes who claim they have moved to Vietnam, there should be many on here giving you all the assistance you need. So, don't be shy folks lets give this person some answers. Link to comment Share on other sites More sharing options...
Bert Jones Posted July 18, 2019 Share Posted July 18, 2019 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 ? Link to comment Share on other sites More sharing options...
Jip99 Posted July 18, 2019 Share Posted July 18, 2019 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. Link to comment Share on other sites More sharing options...
BritManToo Posted July 18, 2019 Share Posted July 18, 2019 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 always take Thai Baht, never any problem in the banks or gold shops. Don't change at the airport though, Da Nang airport bank wanted to give me 550,000vnd, in town I got 710,000vnd. Link to comment Share on other sites More sharing options...
sotonowl Posted July 18, 2019 Share Posted July 18, 2019 8 hours ago, rjwill01 said: Stop wasting our time and just Google your questions. Nothing but a self service post. Not sure forums are for you to be honest, and you don't speak for me and many more people on this forum when you say "Our". Link to comment Share on other sites More sharing options...
BritManToo Posted July 18, 2019 Share Posted July 18, 2019 9 hours ago, murraynz said: 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. Saigon or Vung Tau for you then. Probably Saigon if you want western restaurant choices, some great Indian places there $5 for a curry. Link to comment Share on other sites More sharing options...
murraynz Posted July 19, 2019 Author Share Posted July 19, 2019 14 hours ago, BritManToo said: I always take Thai Baht, never any problem in the banks or gold shops. Don't change at the airport though, Da Nang airport bank wanted to give me 550,000vnd, in town I got 710,000vnd. i think airport exchange rates, are always lower, but some areas dont have many exchange kiosks.. i was in da nang in feb, but didnt take much notice of the exchange rates-- now that thai baht is high--its definitely better to take thai baht--- or would i get more if i changed into vietnam dong at superrich ??? Link to comment Share on other sites More sharing options...
murraynz Posted July 19, 2019 Author Share Posted July 19, 2019 14 hours ago, BritManToo said: Saigon or Vung Tau for you then. Probably Saigon if you want western restaurant choices, some great Indian places there $5 for a curry. thanks very much, ive been googling a bit about Vung Tau --it realy appeals. i think i will make a short visit later this year{ already booked for sth korea,in august, then bali in november..with thai girls.. can i get direct flights from don muang to vung tau ?? or do i have to fly to ho chi minh first... i like beaches and a bit of nightlife and restaurants---but i am an 'oldie' ?? 68yrs... any other tips about vung tau, or similar places, would be much appreciated.. is it cheaper than pattaya ?? im not a big drinker, but like ladies... Link to comment Share on other sites More sharing options...
BritManToo Posted July 19, 2019 Share Posted July 19, 2019 2 hours ago, murraynz said: thanks very much, ive been googling a bit about Vung Tau --it realy appeals. Not many restaurant choices in Vung Tau, and nearly all Asian. A cluster of girlie bars around front beach, so many girls in them and no customers it's a bit intimidating. I walked into on small bar, 20 ladies turned and watched me, I turned around and walked back out. Pretty girls though and all over 18. Action is all centered on MK Bar, a family bar and restaurant outside, then inside the darkened glass room, girls, and a few ladyboys. All the other bars are within 100m of this place. Happy hour 7-9, drinks buy one get one free. Lots of Oz oil worker expats living there. Back beach is really beautiful, the sand is covered in sea shells. People over 63 get a discounted ticket on the ferry from HCMC. Link to comment Share on other sites More sharing options...
murraynz Posted July 19, 2019 Author Share Posted July 19, 2019 2 hours ago, BritManToo said: Not many restaurant choices in Vung Tau, and nearly all Asian. A cluster of girlie bars around front beach, so many girls in them and no customers it's a bit intimidating. I walked into on small bar, 20 ladies turned and watched me, I turned around and walked back out. Pretty girls though and all over 18. Action is all centered on MK Bar, a family bar and restaurant outside, then inside the darkened glass room, girls, and a few ladyboys. All the other bars are within 100m of this place. Happy hour 7-9, drinks buy one get one free. Lots of Oz oil worker expats living there. Back beach is really beautiful, the sand is covered in sea shells. People over 63 get a discounted ticket on the ferry from HCMC. thanks sooo much for this reply.please feel free to personal message me, if you have any other info... im going there for sure, maybe october... i understand what you say about 'too many girls intimidating' .. its i bit like that in many of the pattaya bars now---very quiet...im not that shy, but i dont realy like being only person in bar.... the shells on the beach look nice--i collect 'different' type shells... Link to comment Share on other sites More sharing options...
murraynz Posted July 19, 2019 Author Share Posted July 19, 2019 ferry from HCMC, thats fantastic, also, much more enjoyable than flying. i can see i need to do lots more 'googling' on Vung Tau and nearby areas.... i dont have a prob with oz oil rig workers--nz same same ?? do the bar girls and local people, speak much english ?? are girls, beer, food cheaper than BKK or pattaya ?? i dont surf, but my son does --- is there anywhere in vietnam with reasonable size waves ?? do the local girls like oldies, like me- 68... im not overly slim or hansum, but have no problem getting very beautiful or young girls in thailand... Link to comment Share on other sites More sharing options...
BritManToo Posted July 19, 2019 Share Posted July 19, 2019 10 minutes ago, murraynz said: i dont have a prob with oz oil rig workers--nz same same ?? do the bar girls and local people, speak much english ?? are girls, beer, food cheaper than BKK or pattaya ?? i dont surf, but my son does --- is there anywhere in vietnam with reasonable size waves ?? do the local girls like oldies, like me- 68... im not overly slim or hansum, but have no problem getting very beautiful or young girls in thailand... I had female English speaking company at every bar I entered, just drinks, chat and pool (I'm just over 60). English speakers, same as Pattaya some do, some don't, but generally better conversational skills. A beer in MK 'girlie bar' was 50,000vnd (about 60bht), but from 7-9pm it was BOGOF, so 30bht a beer, lady drinks $5 (100kvnd) Beer in normal bars is around 20k-25kVND, under 30bht. I was buying a pizza for $5 (100kvnd). Link to comment Share on other sites More sharing options...
murraynz Posted July 19, 2019 Author Share Posted July 19, 2019 'better conversation skills'--that certainly helps...im not a big fan of the phillipines, but the girls there, are far more ' compatable' to us europeans... i noticed in Nha trang-- the women are VERY conscious about keeping out of the sun.. they cover up more than thai women, eg gloves and scarves on motorbike etc... i would love to find a girl that likes the beach{not sunbathing}.. its hard to get that in thailand...ive had only once, then she got very upset, after she started getting "black'...hehe. any good nearby islands to visit for snorkeling etc ? Link to comment Share on other sites More sharing options...
BritManToo Posted July 19, 2019 Share Posted July 19, 2019 45 minutes ago, murraynz said: any good nearby islands to visit for snorkeling etc ? I certainly wouldn't consider living there, too quiet, too small. Great for a weekend break from HCMC. All my pals ended up in Phnom Penh, which fits your proposed needs much better, and a very easy 1 year VISA.. My second choice would be Barretto, Olongapo, which has a nice beach, and also easy VISA. Vietnam at the moment could only ever be a holiday destination for me. Link to comment Share on other sites More sharing options...
brokenbone Posted July 19, 2019 Share Posted July 19, 2019 1 hour ago, BritManToo said: Vietnam at the moment could only ever be a holiday destination for me. is that due to max 3 month visa or anything else ? Link to comment Share on other sites More sharing options...
KittenKong Posted July 19, 2019 Share Posted July 19, 2019 On 7/18/2019 at 10:28 AM, murraynz said: when/if i buy, i would be 72yrs old I thought twice about buying in Thailand when I was 55. Is your middle name Methuselah? As for buying in Vietnam, the legal situation there seems much less attractive than in Thailand. Just short leaseholds as far as I can see, so why bother? Rent somewhere nice for a few years (that's probably all you will have) and let some other idiot have the hassle of ownership, not to mention the hassle of selling up later. Link to comment Share on other sites More sharing options...
aqua4 Posted July 19, 2019 Share Posted July 19, 2019 On 7/18/2019 at 10:28 AM, murraynz said: when/if i buy, i would be 72yrs old excellent health... At that age I would not be buying anything. It would just make winding up your estate a mess for those who inherit it. Link to comment Share on other sites More sharing options...
BritManToo Posted July 19, 2019 Share Posted July 19, 2019 26 minutes ago, brokenbone said: is that due to max 3 month visa or anything else ? Pretty much. Link to comment Share on other sites More sharing options...
brokenbone Posted July 19, 2019 Share Posted July 19, 2019 1 minute ago, aqua4 said: At that age I would not be buying anything. It would just make winding up your estate a mess for those who inherit it. agree on this.... and even if he realizes he is dying, i once tried to buy an apartment from a man with alzheimer or some shit like that, i totally regretted i ever bothered. old people should sell off what they have and move into an elderly home where they have the procedures to dispose of them smoothly Link to comment Share on other sites More sharing options...
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