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Old Posted Nov 2, 2010, 4:38 PM
Nowhereman1280 Nowhereman1280 is offline
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Join Date: Sep 2006
Location: Pungent Onion, Illinois
Posts: 8,423
^^^ Its because they aren't that poor anymore. People don't seem to understand the true scale of economic development that is going on globally even in the midst of a historic recession in the developed world. Most of these "poor" countries are experiencing constant growth rates of 5-10% a year which adds up pretty damn fast. Vietnam is no exception especially as its formerly hardline government opens up to capitalism and trade. As their economy grows it will create demand for office space and multitudes of millionaires (or trillionaires depending on exchange rates) that will demand super luxury apartments. Heck the very construction of such buildings infuses huge quantities of money into the local middle class.
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