Construction & Real Estate

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.