FOREIGN INVESTOR GUIDE

CapitaLand Vietnam

Year of Issuance:
2016
2 3
03

MESSAGE FROM OUR CEO

Dear Reader,

Thank you for your interest in CapitaLand Vietnam. We understand that investing in overseas
property requires basic understanding of the local real estate environment. As our service to
you, we have prepared this Foreign Investor Guide to summarize key information to help you
make a more informed decision before your purchase of Vietnam property.

Since Vietnam opened its doors to foreign property ownership in July 2015, CapitaLand has
seen positive response from foreign investors, having sold more than 120 apartments at inter-
national launches of its Vietnam projects to date.

With a reliable track record of 22 years in Vietnam and a portfolio of close to 7,850 quality
homes across eight residential projects in Ho Chi Minh City and Hanoi, CapitaLand is commit-
ted to being a long term real estate developer in Vietnam. With CapitaLand’s strong balance
sheet and financial flexibility, we are well-positioned to ride on the potentially strong growth of
the residential market in Vietnam.

I sincerely hope that CapitaLand Vietnam will be your developer of choice for your overseas
property purchase, and look forward to welcoming you as a valued customer of CapitaLand.

Yours Sincerely,

Chen Lian Pang

Chief Executive Officer, CapitaLand Vietnam
4 05
5

CONTENTS
07 Investing in Vietnam
10 The New Residential Housing Law
15 Investor’s Guide
24 Company Profile
46 Directory
46 Exchange Rate Guide
47 Disclaimer
INVESTING IN VIETNAM 06 07

INVESTING
IN VIETNAM
INVESTING IN VIETNAM 08
VIETNAM
A KEY MARKET FOR CAPITALAND
With over 20 years of experience in Vietnam,
CapitaLand is one of Vietnam’s leading
international developers. Over the years,
CapitaLand has delivered a steady track
record of quality homes to the Vietnamese
market. With every project, CapitaLand
provides unique and vibrant designs which
create a beautiful atmosphere and sense
of indulgence for residents.
CapitaLand is committed to being a long-
term real estate developer in the country
and endeavors to contribute to Vietnam’s
growth by “Building People, Building
Communities” with our projects.
INVESTING IN VIETNAM 09
WHY VIETNAM ?
92
Vietnam provides a vibrant backdrop for real
estate investment as a dynamic and rapidly POPULATION
developing nation. The potential for Vietnam
MILLION OF VIETNAM
real estate appreciation is bolstered by strong
economic fundamentals such as rising GDP,
growing population, and large-scale infrastructure
OF LABOR AGE
improvements. The key cities in Vietnam are Ho 70% (18 TO 64 YEARS)
Chi Minh City, Hanoi and Danang.
Potential investors can choose to invest for any
of the following reasons:
URBANIZATION
* As a primary or secondary residence 35% RATE
* As a strong source of rental income with
high rental yield potential
* As a vacation property
* For capital appreciation
THE NEW RESIDENTIAL HOUSING LAW 10 THE NEW RESIDENTIAL HOUSING LAW 11

THE NEW
RESIDENTIAL
HOUSING LAW
THE NEW RESIDENTIAL HOUSING LAW
THE HOUSING LAW
which takes
effect from
01 July opens up the
Vietnam real estate
2015 market to fovivreign
ownership.
INDIVIDUALS
All foreigners who are granted
permission to enter Vietnam
are allowed to buy and own
residential properties within a
property development project in
the country (with the exception of
foreigners entitled to diplomatic
or consular immunities and
privileges prescribed by law).
12
ENTITIES TYPES
All legal entities like foreign The new Residential Housing
investment funds, banks, Law allows the eligible foreign
Vietnamese branches and entity and individual to buy
representative offices of overseas and own all residential sectors
companies which are established including apartments and landed
in Vietnam are eligible to buy. properties such as villas and
townhouses (previously only
applicable to apartments).
THE NEW RESIDENTIAL HOUSING LAW 13
VOLUME PURPOSE OF PURCHASE
The rule of 30% cap for Condominiums, and 10% cap for Villas/Townhouses The properties owned by
(previously an eligible foreigner could buy only one apartment in Vietnam). foreigners can be sold,
sub-leased, inherited and
- Foreign organization and individual ownership of units in an apartment building collateralized (previously only for
may not exceed 30% of total units in one apartment building. In the event of an owner occupying purpose).
area with geographical boundary equivalent to ward level with many apartment
buildings for sale or lease purchase, then foreign organizations and individuals
may own no more than 30% of the total units of each apartment building, and
not more than 30% of the total units of all the apartment buildings. TENURE
- For housing projects which have separate houses for sale or lease purchase, The tenure allowed to foreign
the foreign organizations and individuals’ ownership must not exceed 10% individuals buying homes is 50
of the total number of separate houses for each project. In the event of an years from the date the authority
area with geographical boundary equivalent to ward level with several projects issues the house ownership
where the number of individual houses are more than 2,500 units, then the certificate to the relevant owner
foreign organizations and individuals’ ownership must not exceed 250 units. with renewal possibility upon
expiration. Foreign individuals
married to Vietnamese citizens
NEW HOUSING DECREE 99 are entitled to freehold tenure.
Eligible foreign entities shall
Under the new Housing Decree 99 issued on 20 October 2015, foreigners may apply have the tenure of ownership of
for renewal of up to maximum of additional 50 years, for a total ownership period apartment/house in accordance
of up to 100 years. with the duration as stated in
their business license/investment
Selling the unit to those permitted to own residential property in Vietnam: certificate.
- If to Vietnamese national or overseas Vietnamese individual, such buyer will
be entitled to freehold tenure.
- If to a foreign individual, such buyer will be entitled to remainder period of
foreign ownership and any renewal right.
Please note that the above laws are subject to change as the case may be by the Vietnam government. For most updated laws, please
be advised to consult a legal professional. The publisher shall not be held accountable for any change or misrepresentation of the
laws.
INVESTOR'S GUIDE 14 INVESTOR'S GUIDE 15

INVESTOR’S
GUIDE
INVESTOR'S GUIDE UNDERSTANDING LOCAL TERMINOLOGY 16 INVESTOR'S GUIDE UNDERSTANDING LOCAL TERMINOLOGY 17

The owner of apartment/house shall have the following legal rights:

01
- The right to inviolability of houses under his/her
lawful ownership.
- To use houses for residential purposes and
other purposes not banned by law.
- To use public facilities in the housing area
in accordance with Housing laws and other
relevant laws.
- To maintain, renovate, demolish, or rebuild his/
her house as prescribed in Housing Law and

UNDERSTANDING
- To be granted certificates for houses under his/
law on construction.
- To receive the compensation as prescribed

LOCAL
her lawful ownership.
- To sell, transfer sales & purchase contracts,
TERMINOLOGY
lease, put for lease-purchase, gift, exchange,
bequeath, mortgage, contribute as capital,
lend, permit stay at, or authorize management
of, his/her houses. In the case of donation or
bequeathal of houses to subjects ineligible to
own houses in Vietnam, such subjects are only
entitled to the value of such houses.
in regulations of law or payment according
to fair market price when their house is
demolished, imposed compulsory purchase
order, or commandeered by the State for
national defense and security purposes; for
socio-economic development purposes, or in
the state of war, state of emergency, or disaster
situations.
- Rights to file complaints, denunciation, or
lawsuits over violations against his/her lawful
ownership and other violations against law on
housing.

“PINK BOOK”/ HOUSE OWNERSHIP CERTIFICATE

The “House Ownership Certificate”, which stands for “Certificate of land use rights or house and
WHAT ARE THE land- attached asset ownership” is the certificate granted by the State Authority to certify/recognize
the ownership of an eligible individual/organization over his/her/their land or house. It is commonly
COMMON LEGAL referred to as the “ownership certificate” or “pink book”.

TERMS?
SALES & PURCHASE AGREEMENT (“SPA”) The ownership term of foreigners is

The SPA is a legally binding contract between 50 YEARS

the buyer and developer to prove that a house
or apartment is sold to the buyer by the
developer. The SPA is also used as evidence of
ownership of the house or apartment before the
house ownership certificate has been granted
to the owner. It is used for applying for house
ownership certificate for the owner.
The template of the SPA is in accordance
with the standard template as provided by the
Ministry of Construction and is to be registered
with Consumer Protection Bureau under the
Ministry of Industry of Trade. As such, the
SPA is a standard template which is not to be
changed or amended.
from the day on which
the ownership certificate is granted.
However, under the new residential housing law, there are some restrictions for foreigners as per the following:
- He/she may not buy, rent and purchase, receive, If a foreign individual marries a Vietnamese
inherit and own more than 30% of apartments citizen or an overseas Vietnamese, he/she
in an apartment building; or more than 250 qualifies for stable and long-term home
houses regarding separate houses including ownership and has all rights of a homeowner
villas, row houses in an area whose population similar to Vietnamese citizens.
is equivalent to a ward-administrative division.
During the ownership term, the homeowner
- In case the foreigners receive or inherit house(s) is entitled to gift or sell their house(s) to
which are exceeding the number of houses individuals/entities eligible for homeownership
prescribed in above, he/she only receives the in Vietnam; if not, upon the expiry of
value of that house(s). the ownership term, their house(s) shall
belong to the State.
- The ownership term of foreigners is 50 years,
from the day on which the ownership certificate
is granted. They may apply to extend the term
of ownership and it shall be subject to the
approval of State Authority.
INVESTOR'S GUIDE UNDERSTANDING LOCAL TERMINOLOGY 18 INVESTOR'S GUIDE UNDERSTANDING LOCAL TERMINOLOGY 19

HOW IS MY NET SALABLE AREA (NSA)

UNIT SIZE Commonly referred to as “carpet area”, NSA

refers to the area for private use of the purchased

MEASURED? apartment, which is measured by a clearance method

Housing regulations define the following
areas of an apartment which are to be
measured and stated in the SPA
and stipulated in the House Ownership Certificate
granted to the Buyer. It shall include the area of
room-dividing walls built inside the apartments and
area of balcony, loggia attached to such apartment
(if any); but shall exclude the area of the external
walls, apartment-dividing walls, columns and service
ducts inside the apartment.

The apartment selling price and management fee

are based on the NSA as regulated by law. The
NSA shall also be stated in the pink book.

CONSTRUCTION FLOOR AREA (CFA)

This refers to the area which is measured from the

center line of the external walls and apartment-
dividing walls, including the area of columns and
services ducts built inside the apartment.

RED INVOICE /
VALUE ADDED TAX (VAT) INVOICE
“Red invoice” is a legitimate invoice which is
legally called “Value Added Tax Invoice”. It is
issued by the seller to state that information
on goods/services are sold/provided in
accordance with laws, for organizations/
individuals to declare and pay Value Added
Tax. Currently, the Value Added Tax (VAT)
tariff is 10% of the house/apartment price.
MAINTENANCE FEE
The “maintenance fee”, commonly referred to as
“sinking fund”, is a fund contributed by buyers of a
development to maintain commonly owned areas of
the development. It is used for maintenance, small
repairs, medium repairs and overhauls of commonly
owned areas in order to preserve quality. Currently
the sinking fund is 2% of the house/apartment
price before VAT.

In comparison, a receipt is a form of invoice

showing a payment transaction has been
completed for the amount issued by the seller
to the buyer. It is to help both contractual
parties record that a certain amount has been
paid by the buyer to the seller which is lawful
and recognized by laws. Later on, a red invoice
shall still be issued by the seller to the buyer
for taxation purposes.
MANAGEMENT FEE
The “monthly management fee” is a fee contributed
by residents to managing operations of the
development, such as operating the elevator system,
generator and provide services for the building such
as security, pest control, rubbish collection service,
etc. Management Fee is calculated per Net Salable
Area (NSA) and the fee is set at the discretion of
the development’s Management Office.
INVESTOR'S GUIDE
HOW DO I
MAKE PAYMENTS
FOR MY APARTMENT?
Foreign investors are recommended to set
up a local bank account to transfer payments
for their apartment to the Developer’s bank
account. Below are some international banks
with branches in Vietnam:
- Standard Chartered Bank (www.sc.com/
vn/en)
- HSBC (www.hsbc.com.vn)
- Citibank (www.citibank.com.vn )
- ANZ (www.anz.com/vietnam)
- Shinhan Bank (www.shinhan.com.vn)
PAYING FOR MY APARTMENT
WHAT ARE
THE PAYMENT
SCHEMES?
Generally, for projects under construction, the
payment scheme is decided by developers
and agreed with purchasers.
For projects under construction, housing laws
limit the maximum collection before handover
to be up to 70% for local Vietnamese
developers, and up to 50% for foreign
developers. The law also stipulates that 5%
is to be collected upon issuance of the pink
book.
A default interest shall be applied as agreed in
the SPA (commonly the default interest rate
is at 1.5% per month of the late amount). If
this violation exceeds the time given in the
SPA, the developer has the right to unilaterally
terminate the SPA and forfeit an amount. At
a common practice, the forfeiture amount is
roughly 20% to 30% of the apartment selling
price.
02
PAYING FOR MY
APARTMENT
20 INVESTOR'S GUIDE PAYING FOR MY APARTMENT 21
WHAT ARE
A foreigner may either directly or authorize a third party (by power of
THE TAXES attorney) to declare and pay Tax at a District level tax bureau at the
District where the property is located.
INVOLVED?
The following taxes apply to property The following taxes apply to property
sales transactions: rental income:
VALUE ADDED TAX (VAT) REGISTRATION TAX FOR OWNERSHIP PERSONAL INCOME TAX (PIT)
10% VAT is taxed on any 0.5% registration tax for obtaining If personal income is earned
sale of property by local or the house ownership certificate on through rental of house/apartment,
foreigners. the apartment value. 5% VAT and 5% PIT has to be
paid on revenue.
ADMINISTRATION FEE PERSONAL INCOME TAX (PIT)
A minimal administration If personal income is earned
fee is to be granted an through the assignment or resale
ownership certificate at the of apartments or houses, a 2%
current regulation. personal income tax has to be paid
on the transacted value.
Please note that the above taxes are non-exhaustive and tax regulations are subject to change by the relevant
authorities. For most updated tax regulations, please consult a tax consultant.
WHAT ARE
MY RIGHTS IF THE
DEVELOPER DE-
FAULTS?
LATE HANDOVER FAILURE TO COMPLETE
If the developer does not handover the unit as per the
date agreed in the SPA, the developer has to pay a
If the developer does not complete the project in the
number of days from the agreed handover date as
default interest on the paid amounts to the purchasers.
This default interest rate will be equal with the default
stated in the SPA, the buyers has the right to unilaterally
terminate the SPA. In such a case, the developer shall
interest rate applied to the purchasers. refund all paid amounts without interest to the buyers
and compensate a default amount to the buyers which
is equal to the purchaser’s forfeited amount (commonly
BANK GUARANTEE
from 20% - 30% of apartment selling price).
In accordance with Decree No. 76/2015 (10 September
2015), for projects under construction, the developer is
to provide buyers a guarantee by capable commercial
banks to guarantee the financial obligations of the
developer if the developer should fail to hand over the
apartment according to the committed schedule in the
sales and purchase agreement.
For more information, please refer to the Sales and Purchase Agreement (SPA).
INVESTOR'S GUIDE AFTER-SALES SERVICES 22 INVESTOR'S GUIDE AFTER-SALES SERVICES 23

03 AFTER-SALES SERVICES

CapitaLand is committed to providing customer service to the highest

standards. To this end, we do not operate a call center but instead, we provide a
dedicated Customer Care Assistant for every customer. CAPITALAND CUSTOMER CARE,
The role of the Customer Relations Team is to provide you with a single point 1-POINT OF CONTACT
of contact and assistance even after we have handed over the property to you. CapitaLand CareMail : Customer.RelationsVN@capitaland.com
We are committed to provide high level after-sales services to our valued CapitaLand Careline (HCMC): +84 8 3519 4504
customers. CapitaLand Careline (Hanoi) : +84 4 3939 3232
CapitaLand Careline (Singapore) : +65 6713 3222

The Customer Relations team’s objectives are to:

- Deliver excellent customer service, by responding to our customer’s needs

and requirements in a timely and courteous manner.

- To resolve any issues within set time scales.

- Listen to our customer’s requirements and comments to allow us to

continually change and improve the service we provide.

04
For more information, please refer
to the CapitaLand Customer Care RENTING OUT MY APARTMENT
Handbook which will be provided
upon purchase of CapitaLand
projects.
 24 COMPANY PROFILE 25

COMPANY
PROFILE
COMPANY PROFILE 26 COMPANY PROFILE 27

ABOUT

Presence in 150 cities across 27 countries

CapitaLand is one of Asia’s largest real estate companies
headquartered and listed in Singapore. The company
leverages its significant asset base, design and development
capabilities, active capital management strategies, and
extensive market network and operational capabilities to develop
high-quality real estate products and services. Its diversified
global real estate portfolio includes integrated developments,
shopping malls, serviced residences, offices and homes.
Its two core markets are Singapore and China, while
Indonesia, Malaysia and Vietnam have been identified
as new growth markets.

The company also has one of the largest real estate fund
management businesses with assets located in Asia.
• UNITED
KINGDOM • GERMANY
RESIDENTIAL SHOPPING MALLS • BELGIUM
• FRANCE
• UNITED STATES
• SPAIN • TURKEY • JAPAN OF AMERICA
• GEORGIA • SOUTH KOREA
• CHINA

• QATAR
• BAHRAIN
SAUDI • • UAE • MYANMAR
• INDIA
ARABIA • OMAN • LAOS
CAMBODIA• • VIETNAM
• THAILAND
• PHILIPPINES
• MALAYSIA
• SINGAPORE
• INDONESIA
Sky Habitat, Singapore ION Orchard, Singapore

OFFICE SERVICED RESIDENCES • AUSTRALIA

Capital Tower, Singapore Citadines Suites Louvre, France

COMPANY PROFILE 28 COMPANY PROFILE 29

HANOI
2 residential projects
5 serviced apartments

HAI PHONG
1 serviced apartment

VIETNAM
A KEY MARKET FOR CAPITALAND
DA NANG
CapitaLand is committed to
1 serviced apartment
being a long-term real estate
developer in Vietnam. Today,
CapitaLand has 7 residential
projects and 17 serviced
apartments nationwide. HOANG SA

NHA TRANG
1 serviced apartment

05 cities in Vietnam
07 residential projects
17 serviced apartments
TRUONG SA

HO CHI MINH CITY

5 residential projects
9 serviced apartments
COMPANY PROFILE 30 COMPANY PROFILE 31

OVER 20 YEARS OF REAL ESTATE EXPERIENCE IN VIETNAM

OUR PROJECTS IN VIETNAM HO CHI MINH CITY 32 OUR PROJECTS IN VIETNAM HO CHI MINH CITY 33

LEAD DEVELOPER IN COLLABORATION WITH

The Vista is a complex of premium

residential apartments, serviced
apartments, retail and offices.
The project is one of the largest
developments in the prime residential
area, Thao Dien - An Phu, in District 2
of Ho Chi Minh City with well-connected
infrastructure to surrounding amenities.

Unit Type: 2 bedroom to 4 bedroom,

Duplex,
Penthouse

Unit Size: 100 - 400 m2

Completed: 2011

Location: District 2, Ho Chi Minh

City

OUR PROJECTS IN VIETNAM HO CHI MINH CITY

OUR PROJECTs IN VIETNAM HO CHI MINH CITY 34 OUR PROJECTS IN VIETNAM HO CHI MINH CITY 35

LEAD DEVELOPER IN COLLABORATION WITH

Perfectly marrying the quiet of a relaxing

retreat with the merits of a prime location,
Vista Verde enjoys a spectacular view
of Saigon River, Saigon Bridge, Phu
My Bridge, and the city. To provide a
complete lifestyle, Vista Verde has state-
of-the-art recreational facilities such as a
fully equipped gym and clubhouse with
panoramic views, resort-style swimming
pool, lounging islands, jogging track and
tennis courts.

Unit Type: 1 bedroom to 4 bedroom,

Duplex,
Penthouse
Unit Size:
48 - 495 m2
Handover:

Location: 2017

District 2, Ho Chi Minh

City

OUR PROJECTS IN VIETNAM HO CHI MINH CITY

OUR PROJECTS IN VIETNAM HO CHI MINH CITY 36 OUR PROJECTS IN VIETNAM HO CHI MINH CITY 37

LEAD DEVELOPER IN COLLABORATION WITH

Strategically located along the fringe of

the city centre in District 2, PARCSpring
offers extensive landscaping and
communal facilities within a safe
environment. The apartments are
designed with a functional layout to
maximize living space.

Unit Type: 2 bedroom to 3 bedroom

Unit Size: 65 - 153 m2

Completed: 2014

Location: District 2, Ho Chi Minh City

OUR PROJECTS IN VIETNAM HO CHI MINH CITY

OUR PROJECTS IN VIETNAM HO CHI MINH CITY 38 OUR PROJECTS IN VIETNAM HO CHI MINH CITY 39

LEAD DEVELOPER IN COLLABORATION WITH

Located in a developed area of District

2 with convenient F&B and facilities
nearby, The Krista is a residential project
tailored towards the needs of young
families. With a perfect harmonization
of living space, greenery, efficient
apartment design, and more than 40
modern amenities, The Krista is the
perfect choice for young and dynamic
families pursuing their dreams and
passions.

Unit Type: 2 bedroom to 3 bedroom,

Duplex

Unit Size: 70 -152 m2

Handover: 2017

Location: District 2, Ho Chi Minh City

OUR PROJECTS IN VIETNAM HO CHI MINH CITY

OUR PROJECTS IN VIETNAM HO CHI MINH CITY 40 OUR PROJECTS IN VIETNAM HO CHI MINH CITY 41

LEAD DEVELOPER IN COLLABORATION WITH

With only 128 apartments designed

in a boutique-hotel style, Kris Vue is
exclusively catered towards young and
dynamic customers, and it set to color
your lives with various apartment types
including Deluxe, Executive and Premier
apartments. All units are designed
in a square shape which maximizes
efficiency in each room - from the living
room, bedroom, loggia to the closed
kitchen connected with a spacious yard.

Unit Type: Deluxe (1BR+1), Executive

(2BR), Premier (3BR)

Unit Size: 50 - 115m2

Completed: 2018

Location: District 2, Ho Chi Minh

City

OUR PROJECTS IN VIETNAM HO CHI MINH CITY

OUR PROJECTS IN VIETNAM HANOI 42 OUR PROJECTS IN VIETNAM HANOI 43

LEAD DEVELOPER IN COLLABORATION WITH

Located in Ha Dong district, which

is best known for its silk production,
Mulberry Lane is inspired by the
concept of silk production from the
mulberry leaf. Silkworms that feed on
mulberry leaves will weave the finest silk.
Likewise, Mulberry Lane will weave your
dream lifestyle into reality.

Unit Type: 2 bedroom to 3 bedroom,

Penthouse
Unit Size: 107 - 414 m2

Completed: 2013
Location: Ha Dong District, Hanoi

OUR PROJECTS IN VIETNAM HANOI

OUR PROJECTS IN VIETNAM HANOI 44 OUR PROJECTS IN VIETNAM HANOI 45

LEAD DEVELOPER IN COLLABORATION WITH

Seasons Avenue is inspired by the four

seasons concept, a distinctive feature of
Hanoi. The project combines a beautiful
living space with greenery and modern
amenities, to reflect the four seasons
in a year. For those who are looking for
a reclusive personal retreat or quality
family time after a hectic work day,
Seasons Avenue is the ideal residence
of your dreams.

Unit Type: 2 bedroom to 3 bedroom,

Unit Size: 67 -101 m2

Handover: 2017

Location: Ha Dong District, Hanoi

OUR PROJECTS IN VIETNAM HANOI

DIRECTORY 46 47

DIRECTORY CAPITALAND VIETNAM

www.capitaland.com.vn

HO CHI MINH CITY

8th floor, Vista Tower, 628C Hanoi Highway,

An Phu Ward, District 2, Ho Chi Minh City
General Inquiries: +84 8 3519 1067
Sales Hotline: 1800 599 986
Customer Care Line: +84 8 3519 4504

HA NOI

2nd floor, Somerset Grand Hanoi, 49 Hai Ba Trung,

Hoan Kiem District, Hanoi
General Inquiries / Sales Hotline / Customer Care Line: +84 4 3939 3232

Customer Careline (Singapore): +65 6713 3222

This investor guide is compiled according to best

EXCHANGE
information available to the Publisher and does
not constitute professional legal advisory. The
VND USD SGD
Buyer is recommended to consult with relevant

RATE GUIDE 1 million 45 63

DISCLAIMER parties such as legal and tax consultants for
professional advisory. The Publisher shall not be
responsible for any misuse, misrepresentation
10 million 446 625 and misinterpretation of any statements in this
guide. Further, the Publisher shall not be held
accountable for any change in laws.
100 million 4,464 6,250

1 billion 44,643 62,500

1 USD = 22,400 VND

1 SGD = 16,000 VND

Please note this is a rough conversion estimate.

Please consult your bank for the prevailing exchange
rate.
2016