MATEC Web Conf.
Volume 193, 2018International Scientific Conference Environmental Science for Construction Industry – ESCI 2018
|Number of page(s)||13|
|Section||Economics and Management in the Concept of Sustainable Living Environment|
|Published online||20 August 2018|
Incorporate the rules of social segregation in solutions for the inhibition of the housing bubble in Vietnam
Van Lang University, Faculty of Architecture and Civil Engineering, 45 Nguyen Khac Nhu, District 1, Ho Chi Minh City, Vietnam
Corresponding author: email@example.com
Unlike the crisis in the U.S. which mainly started from the secondary investors and financial system, a great part of Vietnam’s housing bubble was caused by the primary investors. When businesses in Vietnam made lower profits, this led to rush investments in the real estate market, even from those primary investors who are newly established, have a lack of professionalism in housing development and knowledge of urban economics. Many of their projects were not possible to implement, leaving the market frozen with huge numbers of empty plots, houses and apartments. The review of urban sociology theories combining with deep analysis of the situation of Vietnam and the U.S had clarified the causes of the housing crisis in Vietnam. Many housing projects in the country are prepared without incorporating certain physical and social factors, leading to the lack of feasibility, and therefore, largely seen as the origin of the housing crisis. The proposed solution of this research was to incorporate physical and social factors in the projects represented by the correct selection of the appropriate housing status and dwelling quality for each social group.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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