Vietnam Economy

Decoding ‘Bom Gia’: Understanding Vietnam’s Real Estate Speculation Phenomenon

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Decoding ‘Bom Gia’: Understanding Vietnam’s Real Estate Speculation Phenomenon The term “bom gia,” literally translated as “price bombing,” has become increasingly prevalent in Vietnamese real estate discussions. It refers to the phenomenon of speculative price increases, often driven by rumors, artificial scarcity, and manipulation, rather than genuine market demand or underlying value. Understanding this ‘bom … Read more

Unveiling the “Bom Gia” Phenomenon: Understanding Vietnam’s Real Estate Speculation

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Unveiling the “Bom Gia” Phenomenon: Understanding Vietnam’s Real Estate Speculation The term “bom gia,” loosely translated as “price bombing,” refers to a specific and often controversial practice in Vietnam’s real estate market. It describes the artificial inflation of property prices through coordinated speculation and misleading information, ultimately creating a bubble that can have severe consequences … Read more

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