Introduction

CHAPTER 1: INTRODUCTION 1. Background and rule of the study 1. The growth of the high belief out and deluxe condo market in expectant of Vietnam During the last 10 years, Vietnams vibrant economic growth, invariable political conditions, change order of magnitude living standards, rapid urbanization and growing alien enthr anement pack been the key drivers in attracting some(prenominal) foreign and internal keeping developers. Key factor in Vietnams choose is attributed to the so called importantland China-Plus-One scenario wherein investors seek to reduce the profligate independence on China and to diversify their business risks and cost in another(prenominal) country in Asia (such as Vietnam). In addition, in November 2006, Vietnam became the hundred-and-fiftieth member of the human race Trade Organization (WTO) widened the opportunities for investors as it improves the liquidity, efficiency and transparency of the holding market. capital of Vietnam, the capital of Socialist country of Vietnam, is one of the two main metropolitan centres for investiture. Among the cities in Vietnam, it has the highest  serviceman information Index which is a summary indicator of spates well-being by combining indicators of life expectancy, educational achievement and income into a abstruse human development force (according to Hanoi Travel).

Driven by economic growth, rising foreign investment and deregulation, the residential keeping market in Hanoi was heat and peaked in 2007 when the average damage was twofold in some areas compared with that in 2006. Rising demand for condominium lodging and a shortage of supply were the main causes of the comfortable market. However, because of the uphold of the economic eatturn recently, the sales prices of residential dimension brood to trend down from the last quarter of 2008. For luxurious and high-end condominiums projects, the price seems to head binding to their price level in 2007. (Note: you claim to relate what you mentioned in the para above to the chart beneath and you need to wear a title and chart no.)...If you privation to get a full essay, order it on our website: Ordercustompaper.com

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