Overseas Vietnamese surprised at high-priced HCM City land

Posted on 08 February 2010

Many overseas Vietnamese want to buy a house in their hometown, but the prices for land and housing in HCM City are higher than in Australia, the US, Canada or France.

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Overseas Vietnamese surprised at high-priced HCM City land

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Wexttobby - who has written 40 posts on VietSight.com.


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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making