# Vietnam - Da Nang Area

## Status

Initial concept.

## Role In First Phase

Potential Southeast Asia node for year-round life, access to nature, international airport connectivity, and regional growth.

## Questions

- What legal structure can hold or lease land?
- What housing types are allowed?
- What areas near Da Nang balance nature, access, and quiet?
- What local partners are needed?
- Can the Village combine living, hospitality, agriculture, and education?

## Legal Research Notes

Vietnam is attractive but legally more complex than Spain.

Key points:

- foreigners cannot own land directly
- land use usually works through LURC, concession, FIE, or JV
- foreign land use terms are commonly around 50 years
- agricultural land is difficult or unavailable directly to foreign investors
- modular/mobile homes need permits if stationary

Likely pilot model:

**FIE or JV with local partner on properly classified tourism or commercial land, with Specus Village first acting as operator/brand rather than selling homes or investment rights.**