Vietnam real estate market differs from China and Japan

Economist Vu Dinh Anh argues that comparing Vietnam's real estate market to the crises seen in China and Japan is illogical and lacks scientific basis. He notes that the real estate markets in China and Japan have long passed their peak cycles, whereas Vietnam is entering a golden age driven by a young population and accelerating urbanization.

Key differences cited include GDP scale, average income, and urbanization rates. While Japan has reached a saturation point with over 90% urbanization and China sits at approximately 70%, Vietnam's urbanization rate is only around 45%. Vu Dinh Anh suggests that applying the 'ghost city' or 'abandoned house' scenarios from those nations to Vietnam ignores critical socio-economic factors and the specific developmental stage of the Vietnamese market.