What do I need to know when buying property in Vietnam?

"1. It is wise to consult specialized lawyers when contemplating purchasing property in Vietnam, as laws and regulations can be complex and vary from municipality to municipality. 2. Land in Vietnam is typically state-owned and is leased to individuals more often than it is sold outright. 3. The foreign ownership of property in Vietnam has various restrictions and limitations. 4. Overseas buyers must Incorporate a Vietnam-registered company in order to hold title to property in Vietnam. 5. All forms of real estate transactions involving foreigners must be processed in accordance with applicable Vietnamese laws and regulations. 6. Due diligence concerning the title and liens on the property must be undertaken, as well as a survey conducted prior to finalizing the purchase. 7. It is important to stay informed of any changes to laws and regulations regarding foreign ownership of property in Vietnam," mentioned another expat when asked about moving to Vietnam.