Quote: (04-20-2015 06:51 PM)Onto Wrote:
This new law allowing foreigners to own property and lease it out is going to help Vietnam a lot.
In practice i'd be wary of how this actually works out as with doing any investing in the developing world. This reminds me of the Amity treaty the U.S. has with Thailand. In theory it works especially if you're a big U.S. business or you have connections. It's supposed to provide many advantages and allow U.S. business owners to hold majority stake.
However if you're a small businessman or entrepeneur you will get hustled hard all the same and no guarantee the local bureaucracy will give a damn about the "law" on the books when it comes time to relieve you of your shit.
As with anywhere else in asia what it all boils down to is connections and influence.