For the American Investor & Entrepreneur
Your on-the-ground, English-speaking perspective from Ho Chi Minh City.
The pace of regulatory refinement continues here in Vietnam. This week saw a few notable developments that could impact your planning.
A client asked me this week: "Are 'facilitation fees' still a thing?" The official answer is always no. The practical reality is that while Vietnam has made tremendous strides in transparency, the speed and ease of certain bureaucratic processes (e.g., specific licenses, fire safety inspections, customs clearance for specialized equipment) can sometimes be influenced by relationships and, occasionally, unofficial "consultant" fees channeled through third parties.
Our Strong Recommendation: Work with a large, reputable international or top-tier local law firm and a licensed audit firm. Their fees are higher but transparent. They use established procedural channels to get things done correctly. This protects you legally and minimizes exposure to risky informal arrangements. The cost of "saving money" with a shady agent can be catastrophic.
You'll often hear "Để tôi xem xét" ("I will consider it") or "Có lẽ" ("Perhaps") in business meetings, even when the answer is effectively "no." Pushing for a direct "yes" or "no" on the spot can be seen as aggressive. The follow-up is key. Send a polite, detailed email summarizing the discussion and proposed next steps. The lack of a clear, positive response to that follow-up is your answer. Patience and indirect reading of signals are crucial skills.
| Item | Trend This Week | Commentary & Forecast |
|---|---|---|
| USD/VND Exchange Rate | Stable to Slightly Stronger USD. | The State Bank of Vietnam (SBV) continues its tight management. The interbank rate hovered around 23,450 VND/USD. The black-market premium remains negligible for standard transfers. Advice: Use reputable banks or licensed transfer services (like Wise) for moving large sums. The days of lucrative black-market arbitrage are long gone. |
| Expat-Rental Markets | HCMC & Hanoi: Stable. Da Nang: Rising. | Prime central districts (HCMC D1, D2, D7; Hanoi Tay Ho) remain firm. An oversupply of high-end condos in some areas (e.g., HCMC Thu Duc) is creating tenant-friendly negotiation room for 2-3 year leases. Da Nang is seeing a seasonal uptick as the summer approaches, especially for villas and sea-view apartments. |
| International School Fees | Holding for 2026-27. | Most major schools (SSIS, UNIS, BIS, etc.) have published fees for the next academic year. Increases are in the 4-7% range, broadly in line with global inflation. Key: Waitlists for certain grade levels are long. If planning a family move for August 2026, start school inquiries now. |
| Domestic Travel | Peak Season Prices. | Flights and hotels to Da Nang, Nha Trang, and Phu Quoc are at peak rates for the upcoming Easter/April holiday period and through May. Book well in advance. |
| Automotive Costs | Significant Increase. | Import taxes and registration fees for completely-built-up (CBU) vehicles, especially luxury brands and large engines, have risen sharply due to new environmental tax brackets. Leasing or using a car-with-driver service is increasingly cost-effective versus owning a new import. |
https://dangkykinhdoanh.gov.vn (English available). Check company names and basic business licenses.https://www.customs.gov.vn (Use Google Translate). For tracking policy changes on imports/exports.AirVisual app is the most reliable.Vietnam Expats and Hanoi Massive (Facebook groups) can be useful for quick, crowd-sourced answers on daily life issues.Looking to decompress? Consider Mui Ne (Phan Thiet). While past its peak hype, it's a 4-5 hour drive from HCMC and offers fantastic kitesurfing/windsurfing conditions this time of year. The resort prices are very reasonable, and the vibe is relaxed. Perfect for a 48-hour reset without the crowds of Da Nang.
Final Thought of the Week:
Vietnam's business environment is not about finding a static rulebook; it's about navigating a living, evolving system. Success comes from combining solid legal groundwork, local partnership, and a hefty dose of patience and adaptability. The opportunities are very real, but they are earned through persistence and cultural respect, not just capital.
Stay sharp, stay patient, and enjoy the ride.
Best Regards,
Your On-the-Ground Advisor
Ho Chi Minh City, March 23, 2026
⚠️ Disclaimer: Exclusive analysis by Luceve Editorial. Not investment advice.