Viet Nam has registered tremendous achievements in the urban housing sector over the last decade. For example, the number of housing units has increased in urban areas from 4 million in 1999 to 6.8 million in 2009. Modern housing typologies have been introduced or induced by the market and have gained in popularity, particularly high-rise multifamily apartment buildings.
There is today a diversified housing stock that is relatively new, offering a good basis for improved housing accessibility. Housing space has also improved dramatically, with the country’s average urban housing floor area rising from 5.8 square metres per head in 1996 to17.5 in 2010. Social groups such as students, workers at industrial parks, and urban low-income people have started to benefit from social housing programmes.
The private sector has grown significantly, helping to bring buoyancy in housing and real estate markets. The real estate industry in general, including housing in particular, has contributed significantly to the country’s GDP growth.
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