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Old 03-06-2008, 12:28 PM
agentkhoo agentkhoo is offline
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Join Date: Jun 2008
Posts: 31
Default Thailand still the same - why not consider Vietnam

Quote:
Originally Posted by higherstate View Post
Hi, any more news on any changes to the foreign ownership laws?
Its not changed much, the new government that has just come on board has been sworn in, but there is still quite a bit of fighting, as it is similar to the Thaksin government, very pro-foreign investment, but there are many people who are still fighting such pro-foreign investment policies in Thailand.

Which is making it very difficult for investors and foreigners who are trying to do business there. The situation is very similar in Vietnam, where the property market is booming over there. And they have just relaxed rules slightly, allowing foreigners to buy property with a 50 year lease (which is slightly better than in Thailand).

I have a good friend (we're Singaporean), who was lucky enough to marry a Vietnamese, and is now a property developer in Vietnam, mainly HCMC based, this friend of mine can buy land and build shopping malls.

If you like that part of the world, you might want to consider Vietnam as well. The standard of living in Vietnam is soaring by leaps and bounds, and the Junta government doesn't seem to be as hard-nosed as it used to be.
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