Vietnam is a country in the conception of its urbanization. There is huge and growing demand for housing and improved quality of life and lifestyle. Following this trend, in recent years, domestic and foreign investments into the real estate business have been increasing at an unprecedented rate.
It is anticipated that by 2020, approximately three million hectares of land will be used for infrastructure, investment in the industrial and service sectors and improving public areas. Another one million hectares of land are needed for re-development projects and new residential projects to meet the demand for quality housing at all levels.