Vietnam Commercial Property Lease Laws: Complete Guide for Property Owners

Commercial property leasing in Vietnam is governed by the Law on Real Estate Business 2023, the Civil Code 2015, and the Land Law 2024. Vietnam's commercial property market is growing rapidly, with strong demand for offices, retail spaces, and industrial premises.

Key Regulations at a Glance

Types of Commercial Property

Offices

• Grade A, B, C — Classified by quality and location
• Coworking spaces — Growing trend
• Concentrated in Hanoi and Ho Chi Minh City

Retail

• Shopping centers and malls
• Street-front shophouses
• Mixed-use shophouses

Industrial and Warehousing

• Industrial parks (khu công nghiệp)
• Industrial clusters
• Logistics warehouses

Key Legal Distinctions for Commercial Leases

Land Use Rights

Vietnam operates on a land use rights system (not freehold ownership). Tenants must verify:

• The landlord's Land Use Rights Certificate (LURC)
• Remaining term of the land use allocation
• Compatibility of designated land use purpose

Rent Must Be in VND

Commercial rent must be quoted and paid in Vietnamese Dong (VND). Quoting in USD or other foreign currencies can render the contract void.

Freedom of Contract

Commercial leases enjoy greater contractual freedom than residential leases. Most terms are freely negotiable between the parties.

Recent Legislative Changes

Law on Real Estate Business 2023 (Effective 2025)

• Stricter requirements for real estate business enterprises
• New template contract provisions

Land Law 2024

• Greater flexibility in land rent payment methods (annual vs. lump-sum)
• Updated permitting processes

Explore detailed commercial topics:

• Commercial Security Depositsไม่มีตัวอย่าง
• Commercial Eviction Processไม่มีตัวอย่าง
• Commercial Required Disclosuresไม่มีตัวอย่าง
• Commercial Rent Increasesไม่มีตัวอย่าง
• Commercial Lease Requirementsไม่มีตัวอย่าง
• Commercial Maintenance Obligationsไม่มีตัวอย่าง
• Commercial Late Feesไม่มีตัวอย่าง