There is certainly no shortage of work for companies in construction-related industries as Vietnam has continued to enjoy stable economic growth, a recovering real estate market and a steady stream of foreign direct investment. With upcoming free trade agreements and demand for infrastructure development continuing to rise, the future, at least in the short to medium terms, looks good. Indeed, the industry is expected to stay on course in the following years after entering a growth cycle in 2015.…
Construction & Real Estate
From The Report: Vietnam 2017
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After a series of lacklustre years between 2011 and 2014, the construction market has picked up considerably and will expand on the back of increasing residential demand and infrastructure needs. A key factor that will drive demand for further housing construction is the amended Housing Law and the Law on Real Estate Business, both passed in 2014 to remove restrictions on foreign ownership of residential and commercial properties. Meanwhile, among the local population, a growing young and middle class is expected to push up demand for quality homes and investment-grade offices.
This chapter contains an interview with Le Viet Hai, Chairman and General Director, Hoa Binh Construction Company.