Growth opportunities for elderly care real estate
Vietnam's real estate market, especially the elderly care housing segment, promises many development opportunities...
Thanh Hoa to build resort and urban complex
The Thanh Hoa Provincial People’s Committee has approved a detailed master plan to develop the Hai Tien resort and urban complex in Hoang Phu commune, Hoang Hoa district. The complex will sit on some 395 ha and house 22,500 people, up from the current 2,300. The permanent population is expected to increase by about 17,700 people, while tourist numbers will rise to 2,500.
Imbalance in labor supply between localities
The Ministry of Labor, Invalids and Social Affairs (MoLISA) has said that Vietnam’s labor market is experiencing uneven development and an imbalance in supply and demand between localities and sectors. Many localities boast industrial parks and export processing zones but only have a small population and workforce. Other localities are focusing on attracting investment but are not capable of handling larger numbers of workers.
Draft national master plan sets major targets
The draft national master plan for the 2021-2030 period sets a target of the population being 105 million by 2030 and 115 million by 2050. Average GDP growth will be 7 per cent in the 2021-2030 period and 6.5-7 per cent in 2030-2050. GDP per capita is to be $7,500 by 2030 and $27,000-$30,000 by 2050. By 2030, Vietnam will have 5,000 km of expressways and 9,000 km by 2050. The average residential floor space per capita in urban areas is to reach 32 sq m by 2030.