Urban millennials find house ownership a pipe dream

High-rises in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

With affordable apartments almost non-existent and developers tending to focus on more profitable high-end projects, young people find house ownership in a major city an unrealistic aspiration.

Returning to Vietnam after studying abroad for five years, Hoang Minh has been able to land a good job with remuneration that allows him to live comfortably in the crowded city of Hanoi.

But his dream of owning an apartment is nowhere near being realized.

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