When manufacturing companies enter Vietnam, they typically face a choice between purchasing land in industrial parks to build their own factories or renting existing factory space. However, as Vietnam is a socialist country like China, foreigners cannot permanently purchase land; instead, they acquire land use rights for a maximum of 50 years. This period is calculated from the date the land receives its industrial land license. Therefore, in older industrial parks, such as the Tan Thuan Industrial Park in southern Ho Chi Minh City, there may only be 16 years left on the lease. This is something to keep in mind.