Capital of Vietnam - Hanoi

In recent years, Vietnam introduced several economic incentives to attract foreign investment.  In addition to the opportunities brought by the trade war, more and more manufacturers have moved the production lines in China to Vietnam which accelerates the local economic development.  With the rapid growth of the local economy, it is expected to attract more multinational companies to settle in.

After the economic reforms of Vietnam, the Vietnamese government has made the property market open for foreign investors.  It allows overseas property buyers to have 50 years of leasehold ownership and apply for an extension.  The local property market has gradually attracted the attention of overseas buyers.  Among the cities of Vietnam, the property market of Hanoi has been expected to have a great development prospect.  Some local developers said that 70% of overseas buyers of Hanoi’s residential projects were from Hong Kong and seen as their investment and second homes to spend their leisure time in Vietnam.

Basic Information of Hanoi

Hanoi, the capital city of Vietnam, is the industrial and cultural center of Vietnam with about 8 million of population.   As the ancient capital of Vietnam, it has more than 1,000 years of history.  It has been the political, economic, and cultural center of northern Vietnam since the 11th century. The urban area is rich in historical cultural relics and scenic spots which attract a lot of tourists. 

The Vietnamese government is planning several infrastructure projects, including international airports, highways, and railways, etc., to strengthen the connection inside the country and enable people to travel seamlessly.  It also creates a large number of job opportunities, driving the housing demand in Hanoi. 

Also, the Vietnamese government is determined to develop Nam Từ Liêm District into a new Central Business District (CBD) with the tallest building in the country - Landmark 72.  More and more offices have moved to this district where a lot of foreign workers love to come for recreation and renting.