Much has been made of Vietnam’s housing boom, which set the new property market on fire last year; but, like all emerging markets that are growing rapidly, there is a danger of a ‘last in, first out’ bust…

House prices in Western Europe and US property markets may be in freefall but recent news that Aseana Properties has acquired a minority stake in Vietnamese property developer Nam Long Investment Corporation has been well received by investors.  The move increase the group’s exposure in the Far East markets after a fall in prices and development activity linked to the ongoing world wide credit crunch.

 
Photo courtesy of NguyenTrung

It seems that 2008 will be a pivotal year for Vietnam, thanks in no small part to its growing golfing industry. An increasing number of high-end golf courses, as well as the formation of the Ho Chi Minh Golf Trail