Thanks to the new law on real estate business on July 1 that took effect, now foreigners, as well as Vietnamese overseas, can conveniently buy, own, and invest in real estate business in Vietnam which is expected to thrive in the market soon. With high-class apartments in Ho Chi Minh City or Hanoi, the average price is 3 to 4 times lower than in some other cities in the region such as Bangkok, Jakarta, or Manila.