Vietnam Property Investment

As with most things it is the ratio of supply and demand which affects pricing. It seems that Dubais property boom has been far too efficient in supplying the demand for new properties and you can now see Dubai property for sale at much reduced prices, even listed as distressed, by the big developers. Dubai is very 2006.

If youve had enough of city life, golf, shopping for gold and skiing in the desert (still sounds OK mind)it may be time to look further afield. For 2009 we need to find a destination where demand for residential property far outstrips supply, a country where in the 21st century 3 or even 4 generations no longer want to live together, and a country which is emerging as an alternative to Thailand for tourism and overseas property investment.

Vietnam fits the bill and offers cities, beaches, 3,444 km of coastline, forests and mountains, championship golf courses and history from the iron age through French colonial rule to the post Vietnam War reconstruction and development. Its economic growth had been among the highest in the world in the past decade and Vietnam joined the World Trade Organization in 2007 and has become a non-permanent member of the United Nations Security Council in 2008.
The Vietnamese government is targeting an economic growth rate of 7.5-8% during the next four years,and is commited to policies to attract trade, commerce and to open the economy and the country up to external investment,