With rapid economic growth due to market reforms, Vietnam has emerged as a popular destination for both tourism, and as a place to do business. Whereas Western economies have struggled in recent times, South East Asian economies have seen unprecedented levels of growth, and Vietnam has been part of this. Because of this growth the property market has expanded greatly in the last decade. Property in Vietnam has become easier to purchase in the last few years for foreigners because of the government’s relaxation of ownership laws.