Is Ho Chi Minh City a Good Second Home for Indian Families?

The case for it

Vietnam's prime apartment market has strong domestic demand and rising incomes, with foreign ownership capped by project quota and long leasehold terms.

Frontier growth with quota-limited foreign ownership.

Usage honesty

Most second homes are used four to six weeks a year. At that level, the asset has to justify itself on appreciation or rental income, because the emotional case will not cover eleven months of standing costs.

If letting is part of the plan, expect 5–7% gross gross — and appoint a manager before completion, not after.

Ownership and paperwork

Foreign buyers limited to a project quota, typically on 50-year renewable leasehold

Residency position: no property-based route

Process: Reservation, sale and purchase agreement, pink book issuance — variable, often several months.

Our verdict

Buy in Ho Chi Minh City if your objective is one of early-cycle growth, rental income — and if the family will genuinely use it or let it. Confirm the project's remaining foreign quota in writing before paying a deposit.