Better infrastructure and revitalized urban areas are tipped to drive growth in housing demand in Vietnam’s major cities, especially where public transport offers convenience.
A number of amendments are contained within the draft revised Law on Housing, including rules on homeownership by foreign organizations and individuals.
Vietnam Economic Times / VnEconomy sought insights from educators and businesses on the need for institutional reforms and a more favorable business environment to help domestic enterprises drive breakthrough growth to ensure the country meets its GDP growth target of 8 per cent or higher in 2025 and double-digit growth beyond.
Mr. Le Chi Phuc, CEO of SGI Capital, tells Vietnam Economic Times / VnEconomy’s Phan Linh how institutional reform can maximize the potential of the private sector and drive sustainable growth opportunities for Vietnam over the next decade.
Though now recognized as a key component of Vietnam’s economy, domestic private enterprises still have much to do on their own part to reach their full potential.
Rising housing prices and stagnant wages continue to put pressure on low-income earners hoping to secure their own home, though solutions have been forthcoming.