In this article, we delve into a critical issue – how asset protection works in Vietnam, especially upon marriage in Vietnam! Notably, we shed light on a startling case involving a well-known former supermodel and actress, Phạm Thị Ngọc Thúy, 43, often referred to as the ‘Marilyn Monroe of Vietnam.’ Last month, she appeared in the Ho Chi Minh court for a high-profile lawsuit with her ex-husband, the Vietnamese-American businessman Nguyen Duc An, 61.

The lawsuit, valued at $12 million, revolves around a set of 39 assets in Vietnam, including real estate properties, cars, and stocks, which An claimed Thúy had withheld from him. An’s predicament is a stark reminder of how ownership laws can pose challenges, especially for foreign nationals. In many cases, properties purchased by foreigners in Vietnam are registered under their spouse’s name, leaving them vulnerable.

Asset Protection between Vietnamese and Non-Vietnamese

Many individuals, hoping for the best, make the same mistake of placing their assets under their partner’s name, only to face potential losses later. An unfortunate reality is that nearly 70% of unions between Vietnamese and non-Vietnamese individuals end up in divorce within the first 5 years.

Check out this latest video from Attorney Ken Duong, as he discusses the real situation of marriages in Vietnam. Learn more about how you can make asset protection in Vietnam!